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Old 09-16-2010, 08:02 AM
 
Location: Tower of Heaven
4,023 posts, read 4,199,171 times
Reputation: 1399

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From here :
http://www.brookings.edu/~/media/Fil...ro_monitor.pdf

The best eco growth :
DC metro : + 6.9%
Austin metro : + 6.7%
Virginia Beach metro : + 6%
Ogden metro (Utah) : + 5.7%
Baltimore metro : + 5.6%
San Antonio metro : + 4.9%
Seattle metro : + 4.8%
McAllen metro (TX) : + 3.9%
El Paso metro (TX) : + 3.5%

Congrats to these metros it's a great thing.

The worst eco growth :

Cape Coral metro (FL) : -14.8%
Detroit metro : -12.3%
Palm Bay metro (FL) / Toledo metro : -5%
Portland metro (OR) : -4.5%
Las Vegas metro : -4.2%
Youngstown metro OH : -3.9%
Scranton metro PA : -3.8%
Tampa metro : -3.3%
Los Angeles metro / Miami metro :-2.9% (ouch )
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Old 09-16-2010, 04:09 PM
 
Location: Tower of Heaven
4,023 posts, read 4,199,171 times
Reputation: 1399
California/Florida cities = not this year the recovery..
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Old 09-16-2010, 04:19 PM
 
Location: Tower of Heaven
4,023 posts, read 4,199,171 times
Reputation: 1399
California/Florida cities = not this year the recovery..
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Old 09-16-2010, 04:25 PM
 
Location: West Paris
10,116 posts, read 5,531,726 times
Reputation: 23672
I think that Dallas and Houston are doing well.
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Old 09-16-2010, 04:35 PM
 
Location: Tower of Heaven
4,023 posts, read 4,199,171 times
Reputation: 1399
Quote:
Originally Posted by french paris View Post
I think that Dallas and Houston are doing well.
Disappointed about Houston's growth (+ 0.1%) but Dallas is good
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Old 09-16-2010, 04:35 PM
 
Location: Athens, GA (via Pittsburgh, PA)
9,753 posts, read 8,792,849 times
Reputation: 8882
Texas needs to learn from California's mistakes. Texas is now where California was in the 1980's, but by the 1990's, California got drunk off its own success, and its chickens are coming home to roost now.
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Old 09-16-2010, 04:46 PM
 
Location: West Paris
10,116 posts, read 5,531,726 times
Reputation: 23672
Quote:
Originally Posted by Gnutella View Post
Texas needs to learn from California's mistakes. Texas is now where California was in the 1980's, but by the 1990's, California got drunk off its own success, and its chickens are coming home to roost now.

Certainly but people of Texas have both feet on the ground.They will take the good way.I am not worried about that.
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Old 09-16-2010, 05:08 PM
 
Location: St Paul, MN - NJ's Gold Coast
5,262 posts, read 7,784,277 times
Reputation: 2912
I can't believe I keep seeing Cape Coral/Fort Myers being mentioned in these recession topics. I spent so much time in that area when my grandparents lived there (they moved because of the growing pains/issues). I didn't think much of it when they were telling me how bad it is down there, but I hope the area can recover.
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Old 09-16-2010, 05:30 PM
 
Location: Northridge, Los Angeles, CA
2,685 posts, read 3,907,109 times
Reputation: 2264
Quote:
Originally Posted by RenaudFR View Post
California/Florida cities = not this year the recovery..
Sad really. The housing crisis really messed us up.

To be honest, as a Californian, I think we deserve this one. Perhaps it will give planners a good lesson for the future.

U.S. Foreclosure Trends and Foreclosure Market Statistics | RealtyTrac

Top 10 states by foreclosure rate
1. Nevada: 1 in every 84 households (WOW!)
2. Florida: 1 in every 155 households
3. Arizona: 1 in every 164 households
4. California: 1 in every 194 households
5. Idaho: 1 in every 220 households
6. Utah: 1 in every 230 households
7. Georgia: 1 in every 246 households
8. Michigan: 1 in every 255 households
9. Illinois: 1 in every 314 households
10. Hawaii: 1 in every 315 households

Mission Hills (neighborhood of Los Angeles) has a foreclosure rate of 1 in every 40 homes! There are whole commercial areas in the San Fernando Valley that have just boarded up and went out of business (if anyone is familiar with Laurel Canyon between Erwin and Archwood, you'll know what I'm talking about)

I'll take a picture of it later, but its really bad.
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Old 09-16-2010, 10:25 PM
 
Location: Athens, GA (via Pittsburgh, PA)
9,753 posts, read 8,792,849 times
Reputation: 8882
Quote:
Originally Posted by french paris View Post
Certainly but people of Texas have both feet on the ground.They will take the good way.I am not worried about that.
Maybe Texas natives have their feet on the ground, which is why Texas is such an economic draw in the first place, but you can't necessarily assume that the transplants have their feet on the ground. If Texas gets enough transplants who don't subscribe to the economic or fiscal policies that have made it a winner in the last couple of decades, then the economic progress that has been made in that period of time might eventually get derailed just as it was in California.
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