Generation Rent

At Bloomberg, Patrick Clark looks at the exact moment cities in the US got too expensive for Millenials:

The rent has been “too damn high” in New York for so long that today’s young professionals might assume it was always that way. Yet it wasn’t until the second quarter of 2004 that the median rent exceeded 30 percent of the median household income for young workers, the threshold at which housing experts say rent is no longer affordable, according to an analysis conducted by Zillow.

Rents are stretching millennial budgets throughout the U.S. Nationally, the typical worker from 22 to 34 years old paid 30 percent of income for rent in the first quarter of 2015, up from 23 percent in 1979, when the analysis begins.1 In those places, rental unaffordability is a distinct obstacle for people trying to carve out lives and careers, particularly in the nine major cities shown in the chart below, where more than half of households rent.

…and on a similar note, Hilary Osborne looks at the house-buying situation in the UK:

Neal Hudson, housing market analyst at property firm Savills, said the barrier for current prospective homebuyers was not the cost of owning but the cost of buying. “With low mortgage rates, annual housing costs are more affordable than for those in the rented tenures,” he said. “Instead, with house prices still at many multiples of income and mortgage lending at high loan-to-values limited and expensive, it is the cost of raising a deposit that prevents many from buying a home.”

The director of the campaign group Generation Rent, Betsy Dillner, said high costs meant people in rented accommodation were struggling to save for the future. “As more low earners and retirees rent privately with no way to pay the rent, the taxpayer will pick up the tab,” she said. “The government needs to have a plan B: to invest directly in housebuilding and reform renting to make it a genuine long-term alternative to home ownership. The longer they fail to act, the more renters they’ll have to answer to.”

Good times.

Categories:

Finance

What Are the Kids Up To?

Here’s an eye-opener from Vanity Fair on Tinder and the “Dating Apocalypse”:

People used to meet their partners through proximity, through family and friends, but now Internet meeting is surpassing every other form. “It’s changing so much about the way we act both romantically and sexually,” Garcia says. “It is unprecedented from an evolutionary standpoint.” As soon as people could go online they were using it as a way to find partners to date and have sex with. In the 90s it was Craigslist and AOL chat rooms, then Match.com and Kiss.com. But the lengthy, heartfelt e-mails exchanged by the main characters in You’ve Got Mail (1998) seem positively Victorian in comparison to the messages sent on the average dating app today. “I’ll get a text that says, ‘Wanna fuck?’ ” says Jennifer, 22, a senior at Indiana University Southeast, in New Albany. “They’ll tell you, ‘Come over and sit on my face,’ ” says her friend, Ashley, 19.

Kids don’t know how to talk face-to-face, text all the time and men are pervs. Shocker.

Here’s one from The Atlantic on the coddling of the American mind:

Something strange is happening at America’s colleges and universities. A movement is arising, undirected and driven largely by students, to scrub campuses clean of words, ideas, and subjects that might cause discomfort or give offense. Last December, Jeannie Suk wrote in an online article for The New Yorker about law students asking her fellow professors at Harvard not to teach rape law—or, in one case, even use the word violate (as in “that violates the law”) lest it cause students distress. In February, Laura Kipnis, a professor at Northwestern University, wrote an essay in The Chronicle of Higher Education describing a new campus politics of sexual paranoia—and was then subjected to a long investigation after students who were offended by the article and by a tweet she’d sent filed Title IX complaints against her. In June, a professor protecting himself with a pseudonym wrote an essay for Vox describing how gingerly he now has to teach. “I’m a Liberal Professor, and My Liberal Students Terrify Me,” the headline said. A number of popular comedians, including Chris Rock, have stopped performing on college campuses (see Caitlin Flanagan’s article in this month’s issue). Jerry Seinfeld and Bill Maher have publicly condemned the oversensitivity of college students, saying too many of them can’t take a joke.

Kids need to grow fucking backbones.

Shit is getting ridiculous.

More on how growing up has changed:

It’s difficult to know exactly why vindictive protectiveness has burst forth so powerfully in the past few years. The phenomenon may be related to recent changes in the interpretation of federal antidiscrimination statutes (about which more later). But the answer probably involves generational shifts as well. Childhood itself has changed greatly during the past generation. Many Baby Boomers and Gen Xers can remember riding their bicycles around their hometowns, unchaperoned by adults, by the time they were 8 or 9 years old. In the hours after school, kids were expected to occupy themselves, getting into minor scrapes and learning from their experiences. But “free range” childhood became less common in the 1980s. The surge in crime from the ’60s through the early ’90s made Baby Boomer parents more protective than their own parents had been. Stories of abducted children appeared more frequently in the news, and in 1984, images of them began showing up on milk cartons. In response, many parents pulled in the reins and worked harder to keep their children safe.

I grew up in the 80s & 90s, with two working parents and came home to an empty house after school (in the white suburbs of Northwestern New Jersey). I cooked things on the stove and in the oven with my younger brother and sister and road my bike unchaperoned on roads with no bike lanes.

Things were different then, it seems.

It’s unfortunate to hear parents are afraid to give kids responsibility anymore.

Categories:

Human Experience

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There is such a thing as Post-PC

Over at The Verge Tom Warren says there’s no such thing as post-PC:

2015 is the definition of an era where there are multiple choices for computing, where you can choose a device and your data will follow. It’s also a year where mobile data networks and devices are fast and sufficient for browsing from a phone, and a time when PCs have matured enough that you don’t need to replace the one you bought years ago if it’s still working. As iOS 9 turns the iPad more into more of a PC, and Microsoft turns phones into PCs, the questions over which devices will be important in the future won’t be around their traditional forms, but their function. PCs will continue to evolve, as will the versatility of devices that are shaping the mobility of computing. Perhaps it’s time to kill off the idea of “post-PC” in favor of just personal computing. After all, smartphones, tablets, and laptops are all just PCs anyway.

Don’t be a fucking dick.

We’re absolutely in the post-PC era when PC is understood to mean “desktop computer” and “laptop computer” and Warren knows this. Let’s not get all cutesy with semantics.

If Warren wants to take his semantics to their logical conclusion he can go ahead and call his car, refrigerator and television “PCs” too.

Categories:

Technology

“Writing is rarely considered a serious occupation. Why?”

Each camp has a point, and the existence of both indicates that there’s something deeper at work here, something intrinsic to the value of writing itself. The main reason writing gets contrasted with a “real job” is that writers do very often have outside sources of income, which is not unrelated to the ubiquity of unpaid gigs. It’s led to the assumption that self-proclaimed writers are either nighttime hobbyists, independently wealthy, or unemployed people who’ve landed on a good euphemism. The greater danger comes from the myth that published writers actually are living off their writing—or, more accurately, off the bylined writing you know about. And the first use of that hashtag contributes to the myth: It makes frank discussion of what writing pays (or doesn’t) even more taboo than is already the case. It isn’t a pernicious stereotype that “writer” is rarely a job in the way that “lawyer” or “garbage-collector” are. It’s the truth. And it’s not useful for the handful of writers living entirely off their creative output to pretend as if this is the normal state of affairs.

All Work and No Pay, Phoebe Maltz Bovy

Categories:

Career

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Android Defectors

That’s where the switching number comes into the picture. This Scenario 2 is shown in the figure above and suggests that although Android gained 8 million new users, it lost 6.4 million to iPhone for a net gain of 1.6.

Apple may have also lost a few users to Android but overall gained switchers from other platforms, mainly Android. This is what would support Tim Cook’s comments.

Thinking further ahead, as the markets mature globally, they may well evolve into the way the US market evolves today. Apple’s brand promise ensures loyalty while competing platforms slowly “leak” users. If this sounds eerily familiar then you’d be right. This is exactly how the PC market behaves today.

The new switchers, Horace Dediu

Categories:

Technology

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Failing to Fail

What did the men who would be president talk about during last week’s prime-time Republican debate? Well, there were 19 references to God, while the economy rated only 10 mentions. Republicans in Congress have voted dozens of times to repeal all or part of Obamacare, but the candidates only named President Obama’s signature policy nine times over the course of two hours. And energy, another erstwhile G.O.P. favorite, came up only four times.

Strange, isn’t it? The shared premise of everyone on the Republican side is that the Obama years have been a time of policy disaster on every front. Yet the candidates on that stage had almost nothing to say about any of the supposed disaster areas.

And there was a good reason they seemed so tongue-tied: Out there in the real world, none of the disasters their party predicted have actually come to pass. President Obama just keeps failing to fail. And that’s a big problem for the G.O.P. — even bigger than Donald Trump.

G.O.P. Candidates and Obama’s Failure to Fail, Paul Krugman

Categories:

Politics

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R.I.P. iTunes

An obituary for iTunes by Adam Clark Estes at Gizmodo:

It was swift and relatively painless. On June 30, 2015, iTunes gave birth to Apple Music, a much-awaited and disappointing pay-to-play streaming service. By this time, iTunes was in poor health, due to the viral popularity of streaming music services. Apple Music, I thought, would bring new life to the tired program. I was wrong.

At first, I welcomed Apple Music’s arrival to the world, realizing that it could make or break iTunes. I hoped iTunes would feel young again, fun again. But the opposite proved true. A few weeks after Apple Music was born, it was apparent that it couldn’t save the addled iTunes.

Well-played.

When you combine iTunes and the Music app on iOS, the situation is almost to the point of being untenable for me.

Does Apple decouple iTunes from Apple Music? Make separate apps for audio and video? I don’t know. All I know is on it’s current trajectory, iTunes (and Music app) is not working.

Categories:

Technology