Re:Rents in Megacities Can't Go Up Forever
by thenomad on Thursday March 23, 2017 @01:06PM
(#13941682)
It was definitely like this for previous generations. Young people have been moving to big cities they could barely afford for at least 100 years, and probably since Roman times.
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It wasn't really that true in the US for about the 50 years after WW II. Yes, NYC and maybe a few other places. My cohort from undergrad and grad school in the 80s or so did not widely live in cities (again, with the totable exception of people I knew in finance many of whom lived in Manhattan). And, at least in Boston/Cambridge, there was very little "tech" in the city. After Teradyne moved out, there may have still been some consulting but not a single product company of any size.
That's somewhat different today but it's really a very recent change.