✳flâneur — a map of the web's best reading

How Do People Afford Living in NYC? Boomer Generation Wealth

nymag.com · 2,562 words · saved by 1 readers

Parents are slowly transferring trillions of dollars to their New York City children, one down payment and Via Carota tab at a time.

Photo-Illustration: Maurizio Cattelan and Pierpaolo Ferrari This article was featured in One Great Story , New York ’s reading recommendation newsletter. Sign up here to get it nightly. The first time it happens, you’re surprised. One day, your friend with the roommates and the wobbly employment and the busted phone — they buy an apartment. They tell you they’re moving, then they admit they’re buying, and suddenly you’re standing in the living room they own. It’s not that you’d never talked about money, if you count the years spent passing $17 back and forth on Venmo; it’s just that you though

Explore this link on the map →

saved by

related reading