The Young Rich

[Trevor Ewen]

http://www.theatlantic.com/business/archive/2015/02/for-great-american-cities-the-rich-dont-always-get-richer/385513/

I think there is a primary flaw in the assertion that Median wages mean everything. As someone who lives in NYC, I can assure you, the cost of living justifies it.

I do think there is a coastal brain drain, but this article seems to ignore the quality of life and asset based investment that non-coastal cities provide. Interested to hear your thoughts.

[Amit M.]

"I do think there is a coastal brain drain, but this article seems to ignore the quality of life and asset based investment that non-coastal cities provide. Interested to hear your thoughts."

Wrongo.  you have this completely backwards.  brain drain is from the middle states TO the coasts.  While quality of life can be debated, most millennials prefer walkable cities with amenities close at hand, not boring suburbs or dying Midwest cities.  and as for asset based investments, in middle America?  I think not.  I'd take an SF or Manhattan investment property any day over one in fly over states.