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bearishgurl.
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July 31, 2015 at 11:17 AM #788430July 31, 2015 at 11:19 AM #788431
spdrun
ParticipantWhen I looked at living in London I did not expect a Single family home, or even a terraced house. My expectation was a apartment, or even a room. And I was willing to pay a lot for that room. Because it was ‘London’.
But London isn’t the entirety of the UK. People in smaller cities might very well expect to live in a house by age 30 or so.
Same as New York. Many people live in apartments here, but people in Water Gap, PA are more likely to own a house.
July 31, 2015 at 11:29 AM #788432FlyerInHi
Guest[quote=poorgradstudent]
I’m starting to see SOME upward pressure on wages. If unemployment can stay fairly low that’s likely to help push salaries up, finally.[/quote]There is also recognition from economists and policy makers that, in a consumer society, we must put wages in the hands of people who spend.
That would work to be benefit of everybody by enhancing economic growth.
July 31, 2015 at 11:33 AM #788433Guest[quote=spdrun]
But London isn’t the entirety of the UK. People in smaller cities might very well expect to live in a house by age 30 or so.Same as New York. Many people live in apartments here, but people in Water Gap, PA are more likely to own a house.[/quote]
People can feel free to get a telecommuting job and move to a cheap area. They have that choice but don’t select it.
People want to have their cake and eat it too. They want to be where the excitement is. Even retirees want to be where the excitement is.
I just finished watching this NYT video about gay couples in small town South. One guy inherited his parents’ farm, then got married after the Supreme Court decision. They then put up the farm for sale and are moving. I bet to a big city.
July 31, 2015 at 11:35 AM #788434The-Shoveler
ParticipantI just want to be able to walk on the beach or surf fish once a week or so.
not really interested in anything exciting LOL.
That probably apply to about 90% of the boomers I know.
July 31, 2015 at 11:39 AM #788435ParticipantPeople can feel free to get a telecommuting job and move to a cheap area.
That wasn’t my point. My point was that London doesn’t really speak for the entire UK. And 95% of jobs don’t involve telecommuting anyway, so it’s a moot point for most people. People tend to live where the jobs are, and it’s often not in the cheapest area.
July 31, 2015 at 11:56 AM #788436GuestMigration plays a big part in where jobs go and are created.
Look at cities such as Phoenix, Las Vegas, Atlanta, Dallas, etc.. where people went to join the middle class. People move because of economic and lifestyle aspirations.
People migration create economic activity from infrastructure, to housing, to new jobs, to more people coming.
The smaller cities are declining. For example in Ohio, only Columbus is doing well.
July 31, 2015 at 12:05 PM #788438ParticipantNo. Smaller cities aren’t declining. Some older Midwestern cities are. Places like Boise and Grand Rapids are doing fine.
July 31, 2015 at 12:08 PM #788439Guest[quote=The-Shoveler]I just want to be able to walk on the beach or surf fish once a week or so.
not really interested in anything exciting LOL.
That probably apply to about 90% of the boomers I know.[/quote]
When you retire, you can find a cheap small beach town in the middle of nowhere.
July 31, 2015 at 12:10 PM #788440ParticipantWhy not just buy a tiny place closer to the beach in the San Diego area?
July 31, 2015 at 12:16 PM #788442Participant[quote=FlyerInHi][quote=The-Shoveler]I just want to be able to walk on the beach or surf fish once a week or so.
not really interested in anything exciting LOL.
That probably apply to about 90% of the boomers I know.[/quote]
When you retire, you can find a cheap small beach town in the middle of nowhere.[/quote]
Yea that’s kind of plan-B (somewhere in Florida most likely),
I like being able to go to chain restaurants (best deals) and the Mall once in a while as well and be able to sit on the patio 300 days a year and not sweat or freeze.
SoCal’s the best place on earth for that IMO so that is Plan-A (also helps that you can walk on the beach about 300 days a year as well).
Of the Boomers I grew up with only about 20% are planing to move so that is where I think the squeeze in Socal is coming from.
July 31, 2015 at 12:45 PM #788443Guest[quote=The-Shoveler]
Yea that’s kind of plan-B (somewhere in Florida most likely),
I like being able to go to chain restaurants (best deals) and the Mall once in a while as well and be able to sit on the patio 300 days a year and not sweat or freeze.
SoCal’s the best place on earth for that IMO so that is Plan-A (also helps that you can walk on the beach about 300 days a year as well).
Of the Boomers I grew up with only about 20% are planing to move so that is where I think the squeeze in Socal is coming from.[/quote]
I don’t think that So Cal is the best place on earth. It’s good if you like the weather and the employment opportunities.
But if you want to live for weather and nature alone, disconnected from your social peers, then there are lot of choices. There are plenty of nice places in the world, but we’re not familiar with the cultures or would find it difficult to fit in.
Sounds like you just want to be near your peers and what you’re familiar with. That’s the very reason big cities are more expensive. People move to big cities when they are young for jobs, and opportunities; their friends and family follow, and they all want to stay.
July 31, 2015 at 12:59 PM #788444ParticipantDon’t know about that, I have traveled quite a bit, even Hawaii’s too hot and sweaty to walk on the beach most days.
Not many places with a beach and perfect weather
I know of places in China with perfect weather but no beach.
July 31, 2015 at 1:10 PM #788445Guest[quote=The-Shoveler] I like being able to go to chain restaurants (best deals) and the Mall once in a while [/quote]
For those kinds on consumer deals, nothing beats Vegas. One of my senior friend does that.
You can get 2 for 1 coupon to Sunday brunch at Green Valley Casino for $8 each, including beverage and smoked salmon. If you collect the coupons, you can eat like that everyday.
Tons of local mom and pop restaurants if you prefer.You can find sales at the outlet. Stuff under $10 when on clearance. Can you go window shopping in luxurious surroundings. You can get free access to pools at the resorts when they have specials.
Cheap show tickets, discounted green fees, etc…
[quote=The-Shoveler] be able to sit on the patio 300 days a year and not sweat or freeze.
[/quote]In Vegas, the weather in the summer is actually fine with good AC.
In Hawaii, you walk on the Beach at night. And the water is warm enough for swimming. I like Waikiki and all the shopping and stores/restaurant and international excitement.
July 31, 2015 at 4:11 PM #788447flyer
Participant+1 on on the beach lifestyle. That’s why we spend a lot of time in San Diego and HI, and, as has been said, most of our Boomer friends feel the same. Do have a few friends who prefer a mountain or desert lifestyle, so we just visit them when we feel the need for wide open spaces.
It’s also easy to visit other locales to enjoy more sophisticated aspects of
life–theater, shopping, fine dining, etc.–whenever a person might choose.As far as the OP, I do think there may be a “priced out” effect in many aspects of life for much of society going forward.
However, even though the industries and faces may change over the years, (again, survival of the fittest) imo, in the net, with the population increasing at an exponential rate, I think the demand for housing (rented or owned) will remain strong in desirable areas.
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