So what are the desirability ratings of those cities vs. alternate places to live over the same 20 years?
Is it that people want night life, a Whole Foods, 20 Starbucks, etc. all really close to wherever they live? Or is there some other driving factor, like living outside the city and buying a home and having a reliable car is something many wealthy citizens enjoy, but if you need to be close to services, even if your income hasn't gone up, you have to rent in a city?
There’s not a single county in the US where a full time minimum wage worker can “afford” an apartment (e.g. paying less than a pre-determined amount of income for rent). Affordability is worse in big cities, but it’s a problem that also plagues suburban and rural counties.
Kind of important to note.
So what are the desirability ratings of those cities vs. alternate places to live over the same 20 years?
Is it that people want night life, a Whole Foods, 20 Starbucks, etc. all really close to wherever they live? Or is there some other driving factor, like living outside the city and buying a home and having a reliable car is something many wealthy citizens enjoy, but if you need to be close to services, even if your income hasn't gone up, you have to rent in a city?
And how much is rent outside of those cities?