One result of the boom in our tier one cities is that they’ve quickly become victims of their own success. From New York to San Francsico, to London, the dream for many young people compared to their reality of living in such cities has become exactly that – nothing more that a distant dream. Want to buy or rent a one bedroom flat in central London? Earning less than $100,000 a year? Forget about it. You’re either sharing a poky ex-council house with a multitude of foreigners, or on the bus home to Hull, or Manchester, or wherever you came from.
One thing that’s changing in London and New York is that the hordes of twenty-somethings that would typically rush to the big city as soon as they finished University, are beginning to think…why? Why would I starve, live in a squalour miles out of the city because I can’t afford to live in the city proper when I can live the bohemian life and afford a little one bedroom flat back in Buffalo/Glasgow/Hull/Manchester?
Whats happened in our larger cities, dear friends, is that the central areas have all now fully gentrified. No more bohemian enclaves waiting to be discovered – it’s all been done. The creative classes have literally been priced out of the city.
So what does this mean for smaller, cheaper cities, that retain some kind of quality of life for young aspiring poets or artists or writers or baristas (or even teachers, nurses, architects)? The fact that places like Central London, or Manhattan/Brooklyn have gentrified to such an extent that no one under 30 who isn’t a banker can afford to live there, has begun a great new knock on trend – the bohemification and gentrification tier cities. Buffalo recently was confirmed as the most of 2nd affordable city to live in USA. There’s already a burgeoning arts scene. You can live there in the city for $1000 a month. Why would you ever want to move to Brooklyn? I feel a sea change here, of a generation of ambitious young people, instead of hitting the first train to New York, or London, or San Francisco, staying home and growing their business from there. The Telegraph and the Buffalo News agrees, and all in all, it’ll be a great thing for the regions.
You heard it here first!