Most important societal trends: • Online dating. • Age distribution. People are having fewer kids as the number of old people increases. • Rise of the “rental economy.” People are buying homes later. Short-term transactions are increasingly common. What else?
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An executive admin making $65K in Toledo moves to SF for same job at $100K. That kind of movement artificially inflate the numbers.
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There are maybe three metropolitan areas in the country where that’s a factor and their net migration is not nearly high enough to explain that trendline.
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(Would you have guessed there are 3 households earning more than $100k for each 2 earning less than $25k, counting e.g. retirees and college students?)
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@sarthakgh - you wrote about this recently - 2 more replies
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Inflation?
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Source? Country?
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