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Originally Posted by the urban politician
^ Exactly.
Silicon Valley isn't even a good comparison to the North Shore, etc because Silicon Valley isn't a suburb. It's its own city/metro at least by some measures and has its own massive wealth generators.
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Exactly. The people going to Blue Bottle Coffee or Equinox in Palo Alto or San Mateo are the same millennials who go to their locations in SF proper or NYC.
Anywhere that urban geography forces the trendsetters (usually wealthy, educated millennials) to live and work in the suburbs in significant concentrations, you'll see this.
Wealthy, educated millennials are suburbanized in SF because:
-the biggest employers are also suburban and traffic is miserable
-SF has closed itself off to new housing
In Sunbelt cities, you see similar patterns, but there, it's because there just isn't enough urbanity to go around.
In Chicago, it really is a pattern where the city is for younger people and the suburbs for older people with families. If I move to Winnetka with my family because the schools are great, we are probably sacrificing a lot of discretionary spending to afford the mortgage and property taxes, an we have kids so it's harder to get out to fancy restaurants without a sitter that only makes the night out more costly.