New Pew study tells us which states will dump the most residents on Austin the next few years... (Vega: real estate)

[inthecut]

Here is the study, in PDF format, right off the website...

http://downloads.pewcenteronthestate...California.pdf

It has been getting major media buzz, was featured on Yahoo today, and has some pretty bracing stats.....

They focus on the 10 worst states fiscally, and the other nine are implicitly shown to have the potential to slip into California's fiscal quagmire(Just some pespective on that....state revenues are half that pre-RE Boom).....

Most surprising thing? That Arizona is the state with the most chance to fall into California's fiscal rabbit hole. 'Zona's tax revenues have cratered, re the housing bust in Phoenix and Tucson, along with the entire construction sector. They can't levy more funds per constitutional issues(state), and are tottering on the edge...

Second surprising thing.....That Nevada is one of the most snakebit of the 50 states, near the very top, in fact.....I lived there for a few years in the mid-90's, and had no premonition of it turning like it has now...those were the boom years of boom years, and you could make 40-60K in tips doing just about anything there. Everyone worked and made a good buck, and that was really something. Maids were buying affordable houses, as ranches, even new ones, were going for 80-100K. They had a nice little workers union, and no on feared for loss of work, and most were happy with their jobs.
Shock of shocks, the casino sector imploded and the real estate sector boomed/busted, all long after I left....never would have thought.....
And the sad thing is spending decades in mid-management in a better paying job, casino-specific, and finding out you can't apply that experience with anything resembling the same pay.....McCarran airport also cut its incoming flights by half...

So, good news is that Austin is saved from the same per Texas' fiscal soundness....


..........Bad news is many of the residents of those 10 states mentioned are on their way over to Austin, and Texas in general...

[wade_word]

Originally Posted by inthecut

So, good news is that Austin is saved from the same per Texas' fiscal soundness....


..........Bad news is many of the residents of those 10 states mentioned are on their way over to Austin, and Texas in general...

And why is that a bad thing? Granted, we need more infrastructure, but it depends largely on where these people go, and we can go on and on with the whats and whys. I doubt every single one will end up in Central Texas.

[inthecut]

It is a bad thing if we don't have the quality and quantity of jobs to absorb them, if they come, and they are coming; and if they continue to come, and that indeed is trending.....

I don't think ALL will end up here, but Austin is the number 1 relocation metro per percentage of new residents each year due to IN-migration. We passed Vegas and the Florida cities(Ft. Myers was sometimes on top as well), a few years ago.....if that maintains, we WILL get the highest % growth in Texas as well as the entire sunbelt/nation...

Our Austin thread, per capita, is the busiest on here, for a reason....

Yes, in other words, many of those displaced from those 10 states WILL come to Austin....plenty to absolutely overwhelm the metro and job/unemployment rolls.....