^You're exaggerating to the point of absurdity.
This student-borrower Gen-Xer in San Francisco can assure you this is a working city where virtually everyone has a job and no inheritance in hand.
As for the idea that Dallas or Phoenix can offer "all the wants and dreams of even the most choosy Gen-Xers," that is ludicrous. Dallas and similar cities don't offer a liberal civil society in a high density, transit- and pedestrian-oriented cityscape with district after district of quality 19th century architecture set amidst steep hills and mountain slopes, with water on three sides, and a mild coastal climate. In Dallas, one cannot share a blanket and a bottle of wine with one's partner and watch the fiery sun set over the ocean blue, red rays glinting off gray Chinese barges, from a sandy beach served by light rail. But the "most choosy" Gen-Xers can...and we do.
"I am concerned about the problems of so-called unintended consequences. Who will govern Iraq when Saddam Hussein is removed and what role will the U.S. play in the ensuing civil war that could develop in that country? Will moderate governments in the region who have large Islamic fundamentalist populations be overthrown and replaced by extremists?" --Bernie Sanders to Congress, October 9, 2002