Urban Areas May Have Just Reached “Peak Millennial”
Urban NIMBYism and government restrictions that drive up rents have pushed away millennials.
Red Alert Politics reports.
Have cities hit “peak millennial”? Governments making costs too expensive
The benefits – and fears – of gentrification might slow as data show millennials look toward the suburbs, which could mean a future outflow.
Urban areas might have reached “peak millennial.” As housing costs stay high and youth unemployment lags behind the general unemployment rate, older millennials have looked toward lower-cost suburbs with economic opportunity. Urban NIMBYism and government restrictions that drive up rents have pushed away millennials.
Cities need to anticipate millennial decline from urban areas now, according to Citylab.
“From now on, there will be fewer young people moving into cities, because there will simply be fewer of them period,” Natalie Delgadillo writes.
Have cities hit “peak millennial”? Governments making costs too expensive (Red Alert Politics)
Comments
Another gov created problem. I’m sure that the politicians will be more than willing to pander to those millennials with more handouts.