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Millennials

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Looks like grumpy old City Treasurer Atkinson is getting his wish. A recent poll by CNBC.com indicates that of the 50 largest metro areas, Virginia Beach ranks dead last, #50, in areas to which millennials are flocking to. Not all older guys think like him I should add. I’m 68 and love progress/millennials.  

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Whats funny is that San Fran is number 1...with a median wage increase that has jumped to $40K per year. Try living there on that amount of money when the average rent is $3670 per month and median home price is $1.6 million. 

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I don't know what to make of that list. Is it Virginia Beach in general, or the actual market? If the former, I'm surprised Norfolk isn't on the list, given how it's shown up in a few popular cities for millennials list.

But then, I see DC ranks #18, San Diego at #40, and Philly at #48. Chicago was #31, and I know quite a few people who moved there. Even LA and NYC barely made the Top 25-30.

That said, I do think there is a salary problem here, and a lot of that comes from not enough tech jobs. Hopefully that changes with all the fiberoptic stuff being installed.

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I wouldn't put too much stock in it. In a few months there will be another list from somewhere else about the same stuff and VB will be in the top ten and then a few months there will another list and we won't even be in it. It not scientific.

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