I see this in the Northeast too. From Boston on down to D.C., the suburbs are booming with $400K and higher homes going up everywhere. Somebody's paying for those. Also, just try getting a table at a restaurant on a Friday or Saturday night without at least an hour wait. Even the casual eating joints like Longhorns, Yard House, Olive Garden, etc., are jammed.
So all this study did was lump a bunch of low-paying jobs, that were always low-paying jobs, into categories so that they could say that all the fastest growing jobs were low-paying jobs. You could have done this in 1990, or 1979.
” the suburbs are booming with $400K and higher homes going up everywhere. “
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Finding a $400,000.00 home would be a bargain in some Boston area suburbs. A friend of mine just sold one to a builder for $600,000.00,the builder made some improvements,and it was sold for $1.3 million 4 months later.
Dreadful.
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Interesting. Thanks.