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by jmulvi
3335 days ago
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I think the issue is proximity to a world class city. The economic growth that we see in bigger cities leads to lots of opportunities for advancement. These are the places smart young people move to after they graduate university, the places where many of the top universities are based, they are also expensive due to this success. The suburbs are finding it harder to attract educated 20 somethings because of a lack of professional opportunities as well as changing lifestyle trends. I think there will be a graying-out of the suburbs as they get older until property prices become affordable to young professionals and the work/commute times become more bearable. I have no idea why working remotely is not more common in 2017 but that would be a massive improvement over the ridiculous commutes so many people have to suffer through. |
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https://fivethirtyeight.com/datalab/think-millennials-prefer...