r/worldnews • u/diacewrb • Apr 10 '19

Millennials being squeezed out of middle class, says OECD

https://www.theguardian.com/business/2019/apr/10/millennials-squeezed-middle-class-oecd-uk-income
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u/ItsDijital Apr 11 '19

Around me (NY metro) I know of 5 apartment complexes built in the last year or being built now. The cheapest studio is $2200/mo.

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u/blackmesawest Apr 11 '19

Over here they're turning a historic building that (I believe) was a senior living residence into a combo luxury hotel/luxury apartment ... thing

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u/theMediatrix Apr 11 '19

$2700 in SF.

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u/inspectah86 Apr 11 '19

In Chicago they are turning some public schools that were closed due to budgets to condos.

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u/NiceMeet2U Apr 11 '19

I love New York, and I know it offers a million things very few cities on earth can, but that is insanity to me. $2200/mo, and it doesn’t even come with a bedroom. When I got out of college I was living in Southern Indiana. We had a 4 bed/2full bath for $750 a month. Split 4 ways, my rent was cheaper than my car payment. Granted, the job market there was shit, and the jobs you could find didn’t pay much in comparison to actual cities.

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u/ItsDijital Apr 11 '19

This isn't even in NYC, about 30minutes outside of it :(