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Reply to "The government has always been here. So why was the 50s, 60s, 70s, 80, 90s COL here so affordable?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Rising income inequality means that some areas have become extremely expensive while others have stagnated. In the 50s and 60s economic growth was more broad-based. Now many second-tier cities like Pittsburgh, Cleveland, even St. Louis have done pretty badly, HQs have moved to places like NYC. Wealth is concentrated in the tech sector, in lawyers, lobbyists and financiers. The places where people like that live have become very expensive as a result.[/quote] So Trump (even though he is a New Yorker) basically won because of second tier cities?[/quote] Second-tier cities have only themselves to blame. Atlanta has been poised for SO LONG to be a preeminent world-class city along the lines of Miami or New York but they keep shooting themselves in the foot. And by they I mean the racist/sexist white governmental class. 1) Threatening to sanction an airline because they wouldn't support the NRA? https://www.npr.org/sections/thetwo-way/2018/03/02/590149921/georgia-lawmakers-punish-delta-air-lines-over-nra-feud Delta is their biggest tax-revenue creator bar none and you're THREATENING them? 2) Losing out on Amazon HQ2 precisely at the same time because corporations don't like state government overreach and threats. 3) Now they're outlawing abortion past six weeks to any Georgia residents and guess what? The film industry which makes 30 movies/tv shows a year in Georgia is trying to pull out. https://www.vanityfair.com/hollywood/2019/05/hollywood-response-georgia-heartbeat-bill-abortion Make idiot policies, have idiot results. [/quote] Ahh, kind of like how Seattle passed an anti-Amazon tax? https://www.citylab.com/equity/2018/05/seattle-unanimously-passes-its-amazon-tax/560411/ (Yes, I know it was later repealed) As for Atlanta, its population growth has been 2-3x the DC area. It's gaining about 1 million residents per decade: https://en.wikipedia.org/wiki/Atlanta_metropolitan_area [/quote] Atlanta's population growth and massive sprawl is turning it into Houston not New York. Adding in so many collective 'cities' into their metro area means their tax revenue base is stagnant and anything along the West/South lines remains low income. Read about the phenomenon of Georgia 'cities' incorporating to keep their tax revenue base to themselves and see just how this is affecting Atlanta revenue prospectives long-term - https://www.citylab.com/equity/2018/03/tale-of-new-cities/555263/[/quote] Ironic you pointed out Houston because it's a booming city with a huge and wealthy economy and a perfect example of a city doing very well. Right now Houston is at the point where wages are high but cost of living including housing is low (lower than the expensive cities). It's a great place for young people to get started. Atlanta's region is doing very well. You're just criticizing it for the sprawl. But that's a wholly separate issue. Atlanta lost out on HQ2 for the same reason all the other cities lost out, because Jeff Bezos always intended it to be in DC and was milking the other cities for sensitive economic data for free and to also see if he could get freebies that he could use to force NOVA to give him something similar. Besides, I don't know many who would ever call Miami a world class city..... it has is niche but it is not economically anywhere near a world class status. Atlanta, Dallas, Houston, Charlotte, all have better economies than Miami and more headquarters. Miami is popular with Latin Americans as a base in the US and has the beaches that attract the wealthy playthings but it's really a quite poor city with a lot of crime. [/quote]
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