Millennials Continue to Leave Big Cities - Page 7

JManc · #**121** Posted **Oct 2, 2019, 6:34 PM**

Quote:

Originally Posted by Steely Dan

wow, impressive. you can probably muster more ambition in a single day than i can in my entire lifetime.

as i said, i was poor as fuck during my college years, literally scraping together loose change at times.

but good on you for earning it all yourself.

Yeah, same here. I was broke as fuck in college. The change under the cushions you spoke of supplemented my 'income' as scrounging for bottles and cans to take back to the store for the deposit.

Vlajos · #**122** Posted **Oct 2, 2019, 6:44 PM**

^ lol, thankfully i never needed to do it for money, but a bunch of my college friends literally would give blood for beer money.

CherryCreek · #**123** Posted **Oct 2, 2019, 6:48 PM**

Quote:

Originally Posted by JManc

Yeah, same here. I was broke as fuck in college. The change under the cushions you spoke of supplemented my 'income' as scrounging for bottles and cans to take back to the store for the deposit.

I had the same issue for awhile, in college, until I realized the income that could be made as a part time gigolo. Needless to say, i was soon feasting on steak and lobster instead of Top Ramen.

Investing In Chicago · #**124** Posted **Oct 2, 2019, 6:50 PM**

Didn't anyone work in college?!

Steely Dan · #**125** Posted **Oct 2, 2019, 6:52 PM**

Quote:

Originally Posted by Investing In Chicago

Didn't anyone work in college?!

uh yeah, to pay for things like tuition, room, and board.

i sure as fuck didn't have a spare $20K laying around to go and buy 4-flats with.

i was also pretty irresponsible with my money when i was young.

whenever i somehow found myself with an extra 10 dollar bill in my wallet, like most college students, i would instantly convert that note into a case of beer or a bag of weed.

the urban politician · #**126** Posted **Oct 2, 2019, 6:54 PM**

I worked as computer lab assistant in college to help fund my partying

Vlajos · #**127** Posted **Oct 2, 2019, 6:56 PM**

Quote:

Originally Posted by the urban politician

I worked as computer lab assistant in college to help fund my partying

I worked in a private dorm's cafeteria for the same reason.

JManc · #**128** Posted **Oct 2, 2019, 6:59 PM**

Quote:

Originally Posted by Investing In Chicago

Didn't anyone work in college?!

Yes. At a store part-time. I'm with Steely, whatever I didn't spend on basic necessities and books...went into beer and my car stereo. Which was worth more than the car.

Obadno · #**129** Posted **Oct 2, 2019, 7:03 PM**

Quote:

Originally Posted by Investing In Chicago

Didn't anyone work in college?!

I worked full time through college, luckily I had all tuition (and some extra) covered via scholarship, but I still had to work for everything else.

I ate a lot of canned food

smh at these privileged shits in this thread

Investing In Chicago · #**130** Posted **Oct 2, 2019, 7:03 PM**

Quote:

Originally Posted by Steely Dan

whenever i somehow found myself with an extra 10 dollar bill in my wallet, like most college students, i would instantly convert that note into a case of beer or a bag of weed.

Yeah I get that...I didn't drink in college and never smoked weed. So I had extra money laying around

uaarkson · #**131** Posted **Oct 2, 2019, 7:28 PM**

I'd be a millionaire if it weren't for weed.

Steely Dan · #**132** Posted **Oct 2, 2019, 7:31 PM**

Quote:

Originally Posted by Investing In Chicago

I didn't drink in college and never smoked weed.

No beer and no weed?

Did you even go to college?

Investing In Chicago · #**133** Posted **Oct 2, 2019, 7:33 PM**

Quote:

Originally Posted by Steely Dan

No beer and no weed?

Did you even go to college?

I was a college athlete (non-ncaa), competed national in Brazilian Jiu Jitsu - smoking and drinking were not part of that equation.

the urban politician · #**134** Posted **Oct 2, 2019, 7:58 PM**

Well, speak of the devil!

Illinois is the least tax friendly State in the US

Quote:

Illinois is the least tax-friendly state in America, according to personal finance publication Kiplinger.

Kiplinger used a hypothetical couple with two dependents, income of $150,000, an additional $10,000 in dividend income and a $400,000 home with a mortgage.

https://www.chicagobusiness.com/news...e-us-one-guess

Steely Dan · #**135** Posted **Oct 2, 2019, 7:58 PM**

Quote:

Originally Posted by Investing In Chicago

I was a college athlete (non-ncaa), competed national in Brazilian Jiu Jitsu - smoking and drinking were not part of that equation.

it's all good...... just teasing ya.

the small liberal arts college i went to was utterly awash in all manner of intoxicants. someone who didn't booze/drug would have been a real outlier.

that reminds me, by junior year i actually made a small amount of money slinging LSD on my campus.

but of course i used that money to buy other "party favors" instead of investing it in 4-flats, doh!

Steely Dan · #**136** Posted **Oct 2, 2019, 8:14 PM**

Quote:

Kiplinger used a hypothetical couple with two dependents, income of $150,000, an additional $10,000 in dividend income and a $400,000 home with a mortgage.

other than the dividend income, that's not too far off from our situation.

and other than our currently crippling daycare payments (only 11 more months!!!), i don't feel like we're egregiously over-taxed or anything.

the big difference is that $400K can buy you a family-sized home in a safe urban neighborhood in chicago, while it cannot in the major coastal cities, except for philly maybe (i don't honestly know much about philly's urban housing market).

if we moved to boston next month, we'd have to make some compromises on our housing location or size to stay at $420K.

jtown,man · #**137** Posted **Oct 3, 2019, 12:46 AM**

Quote:

Originally Posted by Obadno

HOUSEHOLD that's two income earners. Trust me, I dont live in an expensive city and I dont understand how a family could live of 60k but thats the median, thats "normal".

The average home is not 400k, the average person thinks you are rich.... (and you are compared to most)

Household is not two income earners, its household. It includes homes that have single-parents or homes with two parents but only one person works.

Obadno · #**138** Posted **Oct 3, 2019, 1:16 AM**

Quote:

Originally Posted by jtown,man

Household is not two income earners, its household. It includes homes that have single-parents or homes with two parents but only one person works.

Most households are dual income. We could go with per capita if you want but that's not going to refute anything I said about the affordability in terms of raising children of urban centers.

It does not matter how you cut it, you cannot get what you need to raise a family for a reasonable price in urban neighborhoods like you can in single family neighborhoods.

Because of this you will always always always see 30 and 40 somethings prefer single family and suburban areas while you see 20 something's and older people trend to urban areas.

Sure you'll see some people with kids in urban areas but typically they are either they poor or the very rich, most of the people in urban areas are pre-child young, post child old, or the childless in general.

Vlajos · #**139** Posted **Oct 3, 2019, 1:40 AM**

Quote:

Originally Posted by jtown,man

Household is not two income earners, its household. It includes homes that have single-parents or homes with two parents but only one person works.

It also includes one person households.

Sun Belt · #**140** Posted **Oct 3, 2019, 2:21 AM**

Quote:

Originally Posted by Crawford

But that makes sense. Why would LA have average U.S. prices? Does London have average UK prices? Paris have average French prices? Of course not. The biggest urban centers are almost always much more expensive, because they're much more desirable and have much better job markets.

And the average U.S. home isn't a 3 bed/3 bath, minimum 2,000 ft. Such preferences would put you above the national median even in Bumblefunk, Alabama.

That's not the point of my post. The point is that Chicago is one of the most affordable big cities in America, not that LA is average.