What the Sam Hill is going on here? Is Austin the nations' only hope? (Portland: real estate, 2009)

[inthecut]

Saw some pretty rough numbers today on the trib's website..

http://www.chicagotribune.com/busine...,2775971.story


.....the nation is experiencing what can only be called massive bloodletting per job loss........Is Austin AND Texas a crying nation's last hope? Can we thank the good lord that we have enough jobs in the state to provide for all these displaced? Thank God we are in a position to provide a major refuge for all these poor folks....our arms are open, and we welcome them all to our fine state, the ONLY one humming, and evidentally able to absorb all these folks with living-wage jobs, AND a low-cost of living to boot......
Thank you, Texas, for giving an an entire nation hope AND jobs!

[love roses]

Seems like being "bacwards and redneck" paid off I'm being totally sarcastic, btw!

[oldtoiletsmkgdflrpots]

must be all that oil went to their brain.

[Jennibc]

I'm not finding in the article where it says everyone is moving to Texas.

[future_itisnow]

Originally Posted by Jennibc

I'm not finding in the article where it says everyone is moving to Texas.

Exactly.

In fact, it will be very interesting to see how the actual #'s shake out as this year progresses. Due to the national recession, alot of people are NOT moving anywhere. I just read an article last week that basically said that fewer people have been moving in the past 6 months due to the economy. This trend is likely to continue as folks struggle with upside down mortgages and smaller savings from which to draw from.

[AustinGuy]

It's pretty difficult for people to move when they can't sell their house in the city they are wishing to flee from.

[jobert]

Originally Posted by AustinGuy

It's pretty difficult for people to move when they can't sell their house in the city they are wishing to flee from.

exactly! the historically high 69% homeownership in 2008 has locked people into place and stagnated the labor market. There is a direct relationship between nations with the highest homeownership rate and unemployment. Spain has the highest HO-ship rate in Europe, and also is suffering with a 14% national UR. Pick up this weeks issue of the Economist and read about it.

[DeadInSuburbia]

Originally Posted by AustinGuy

It's pretty difficult for people to move when they can't sell their house in the city they are wishing to flee from.

My wife and I have a (relatively) low mortgage payment and moved out here in January..just signed a contract this weekend to sell our home in Atlanta. It's been pretty stressful..i can only hope it actually sells.

[mlassoff]

Originally Posted by inthecut

.....the nation is experiencing what can only be called massive bloodletting per job loss........Is Austin AND Texas a crying nation's last hope? Can we thank the good lord that we have enough jobs in the state to provide for all these displaced? Thank God we are in a position to provide a major refuge for all these poor folks....our arms are open, and we welcome them all to our fine state, the ONLY one humming, and evidentally able to absorb all these folks with living-wage jobs, AND a low-cost of living to boot......
Thank you, Texas, for giving an an entire nation hope AND jobs!

Are you trying to nauseate people? I travel all over the country for work and I have yet to hear anyone say they are moving to Texas from relief from the economy. I realize this is just me-- however-- this is some ridiculous and overdramatic verbiage here.

There is no way Texas can absorb the jobs from everywhere else in the country. Unemployment continues to rise here, if you haven't heard...

[alan777]

I can find information on the Internet too.

"Relocation.com Predicts Top Cities People will move to in 2009"

Relocation.com Predicts Top Cities People Will Move to in 2009; Las Vegas is Top... | Reuters

Relocation.com Predicts Top Cities People Will Move to in 2009; Las Vegas is
Top Destination for Movers

Although the recession has spared no one area of the country,
cities in the West and South continue to appeal to people
relocating, whether it is moving to take a new job or finding
a new home with more solid economic opportunities. Las Vegas
was followed in popularity by: Denver, Charlotte, N.C., Phoenix
/Mesa, Portland, Ore., Seattle, Orlando, Fla., Washington, D.C.,
Atlanta and Tampa Bay/St. Petersburg, Fla. The results are
largely consistentwith 2007.

"Relocation.com has a unique perspective on consumer moving
patterns. We connect them with service providers, but also
track interest and trends, ranging from family and home size,
to locations where people are moving," said Sharon (Ron) Asher,
chairman and founder, Relocation.com.

2008-2009 Top Relocation Cities

From what this article says it looks like Austin is the 5th most moved to city in America

Real Estate Blog - 2008 - 2009 Top Relocation Cities

#5 - Austin, Texas
It was only a matter of time before Austin moved into the top 5 of best
relocation cities. It moved up 1 spot from #6, due to very low real estate
prices, great job potential, plus the city just "rocks!"

So sure, people are moving to Austin. Why? Because it seems to be a
great little city with lots of real personality, lower cost of living, great living
conditions, good home prices, and a good economy. But the entire nation
is not moving there.