dtremit wrote:Dieuwer wrote:VS4ever wrote:
Yes quite strange, although they make a caveat to the data by saying it's the top 30 metros with the most tech jobs with salaries. So if the likes of Dell and co in Austin for example, don't put projected salaries in their listings, then they wouldn't count and thus skew the data.
The San Diego Tribune (Hired) comes to a completely different conclusion:
https://www.sandiegouniontribune.com/bu ... s-hope-yet
They're working from similar unadjusted salary data but making different conclusions about CoL. It might be that one is comparing city centers vs MSA in the other, or that one is comparing only housing costs vs the other considering other factors. I wish I had references, but among the similar studies I've seen, the Hired one is the outlier.
(Edited to add: fair point about the data set, but San Antonio is in the list; I suspect there are more non-Dell tech jobs in Austin than total jobs in San Antonio. I was including it for the Raleigh comparision.)tlecam wrote:Some of this is also being driven by a change in ideals. The house, the yard, cars, two cats in the yard (la la la...)... the American Dream is something that was highly desirable for the Greatest Generation and the Boomers, largely spurred by the post WW2 era and the New Deal.
Those things aren’t as highly desirable for the post boomer generations. They tend to value a community that integrates the workplace and personal lives and they highly prioritize convenience. They don’t value big box stores or chain restaurants. I’m 40... I would need more than two hands to count the number of couples I know who got married, had kids, moved to the burbs and then moved back closer in.
+1 on this -- I'm 39 and live in Somerville, and I know a lot of people looking for more space. But the idea of moving past 128 is almost unthinkable for most of them (and the few that have moved did so to make a commute shorter). Good friends of ours just moved to Winchester (after trying to land a successful bid in Belmont and Arlington for a year) and the running joke is to ask them about the weather in New Hampshire.
It's definitely a generational thing. My dad is Silent Generation, and the first thing he did when he had a good salary was move as far outside the city (in his case, Detroit) as he could. He's still there; every time he visits Boston he marvels at how I put up with traffic and parking, and every time I visit him, I marvel at how he can stand driving 15 minutes to buy a loaf of bread
I have a cheat code for this, it’s called living in Waltham or Newton. Rent is still reasonable in both towns if not better than In the city, highway access for 95 and 90 is amazing, easy to get into the city or deeper into the burbs on back roads. Plenty of restaurants and entertainment options but also you have trees and a lawn and a driveway and are only 15-20 minutes tops from anywhere in all of Boston / Cambridge. Public transportation options are pretty good as well.