What is the future of your family on Long Island? Will your children ever be able to afford their own home? Is there a brighter future elsewhere in America?
Yogi Berra had a perceptive talent for capturing a lot of the truths we miss in our lives. None was more insightful than his observation about the changing national landscape and the fact that the future for young Long Islanders is not what is was a generation or more ago.
Young adult survey: LI needs more housing options, jobs to keep us here
A Newsday article by Olivia Winslow reported:
“An overwhelming majority of young adult Long Islanders can see themselves leaving the region if they do not have housing options at an “attainable” cost and cannot find jobs in line with their skills and salary expectations, says a survey released Monday.
This does not bode well for the region, said the report’s author, Martin R. Cantor, chief economist for Destination LI, a nonprofit smart-growth group based in Plainview that advocates for creating centers that support and generate economic development.
Residents in the so-called “Millennial” group, ages 20-34, “are not happy with their overall life on Long Island,” citing as obstacles “the lack of housing options and high housing costs” as well as a dearth of housing “in walkable communities with public transportation,” the report says.”
Survey: Young adults still living at home, plan to leave Long Island
A new survey from Long Island Index found that 41 percent of Long Island adults between the ages of 18 and 34 are still living at home.
According to the survey, a total of 59 percent of all adults and 71 percent of young adults said they are likely to leave Long Island in the next five years.
Newsday article by Maura McDermott reported:
“Long Island’s housing costs are so high that four in 10 young adults live with relatives, and seven in 10 say they’re likely to move to a less-expensive region within five years, a new survey shows.
Of Long Islanders 18 to 34 years old, 41 percent live with parents or other relatives, according to the survey to be released Wednesday by the Long Island Index, a project of the Garden City-based Rauch Foundation. That’s up 6 percentage points from 2015 and 10 percentage points from 2004.
The new survey found that 71 percent of young adults — and 59 percent of all adults — said they were “somewhat” or “very” likely to leave in the next five years in search of lower housing costs.”