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Location: Cleveland bound with MPLS in the rear-view
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Quote:
Originally Posted by waronxmas
Not that I would move to Charlotte, but there is a significant difference in the cost of living and quality of life you can live in Charlotte vs Detroit that makes it more desirable I would imagine for a recent college grad.
Yeah....Charlotte is a lot more expensive than Detroit. But the quality of life is much better, I'll agree with you there. In the long-run, you have to think about income and job security over quality of life....at least most of us do.
The POINT is that Detroit and Cleveland aren't as stereotypically terrible as the data might suggest, and that Charlotte isn't the solution for most college grads either. It's a paradox of logical thinking.
Location: The Greatest city on Earth: City of Atlanta Proper
8,485 posts, read 14,994,819 times
Reputation: 7333
Quote:
Originally Posted by west336
Yeah....Charlotte is a lot more expensive than Detroit. But the quality of life is much better, I'll agree with you there. In the long-run, you have to think about income and job security over quality of life....at least most of us do.
To me without a stable income and job security, then there is no need to talk about quality of life since without the those two items your quality of life will most likely suck no matter where you are.
Aside from that though, I applaud those who are moving in to cities like Detroit or Cleveland and trying to set down roots. Those cities have had a helluva time in the last 50 years and need a ton of intelligent, upwardly mobile citizens to come in and help build the central city up again. This becomes even more important when you compare what those cities once were and what they symbolized and what they have degraded into today. It's a national shame that we seriously need to get busy putting an end to.
Cleveland is a huge banking city as well. You don't seem to know what you're talking about. Charolotte and North Carolina have one of the higher unemployment rates in the country, largely due to the financial industry (9.7% and 10.4% respectively as of Moderator cut: link removed, linking to competitor sites is not allowedMarch). Moderator cut: link removed, linking to competitor sites is not allowedCleveland's unemployment rate is actually BETTER than the national average (8.2% as of March). Whether or not Cleveland is more popular than Charlotte for i-bankers doesn't matter when Cleveland actually, you know, hires more.
Here's a reason why people would graduate Wharton's MBA program to go to Detroit. The average income for a single employee is $46,900, and I couldn't find anything higher than $34,000 for Charlotte.
How many investment banks are in Cleveland? Even towns like Omaha have clearing firms, which qualify as part of the "financial services" industry. There are also clearinghouses in Indiana, Augusta, and West Palm Beach, Florida. But they're not attracting MBAs from Wharton and Harvard.
In terms of transaction volume and deal complexity, Charlotte is crushing Cleveland. Charlotte also has a much more sophisticated legal community than Cleveland with firms like Cadwalader handling most of the M&As for the banks there. Cleveland, on the other hand, is a city that you would move to if you wanted to work in a small brokerage firm or in a Labor & Employment law firm busting up unions. Charlotte is not close to being on the same level as DC, Chicago, NYC or SF, but there's way more action and way more power players down there than in Cleveland.
Without even looking at the data, I can speak with a certain measure of confidence that metro Charlotte grew faster than metro Cleveland. You can check on that for me if you want.
Keep in mind that an individual is only considered unemployed if he or she is actively looking for work. I would not be surprised if Cleveland, which was not doing all that well even prior to the Great Recession, has a lot of people who have just dropped out the job market altogether. I'll look at BLS data if I have the time later on.
Yeah....Charlotte is a lot more expensive than Detroit. But the quality of life is much better, I'll agree with you there. In the long-run, you have to think about income and job security over quality of life....at least most of us do.
The POINT is that Detroit and Cleveland aren't as stereotypically terrible as the data might suggest, and that Charlotte isn't the solution for most college grads either. It's a paradox of logical thinking.
Actually Detroits suburbs are pretty nice
I dont think its fair to say charlotte is nicer
what are you basing the info
I get a kick when people think Atlanta "dominates" parts of Florida! Really? I live in central Florida now and I never hear anybody who mentions Atlanta at all! Atlanta has no political, cultural or economic influence in Florida period. In fact Orlando has very strong ties with Miami instead. Florida is it's own beast and we aren't dominated by a city that's as big as Miami itself!
Location: The Greatest city on Earth: City of Atlanta Proper
8,485 posts, read 14,994,819 times
Reputation: 7333
Quote:
Originally Posted by MiamiRob
I get a kick when people think Atlanta "dominates" parts of Florida! Really? I live in central Florida now and I never hear anybody who mentions Atlanta at all! Atlanta has no political, cultural or economic influence in Florida period. In fact Orlando has very strong ties with Miami instead. Florida is it's own beast and we aren't dominated by a city that's as big as Miami itself!
The bolded part above is where you are making a mistake about "dominance". That the only city that is on par with Atlanta in Florida is Miami. Granted, in central Florida Miami plays a larger role in "dominance", but Atlanta's can be "felt" that far south as far as logistics and transportation related businesses go.
It really doesn't matter if people ever talk about Atlanta or not where you are at. That's a trivial matter for any reason.
War? I like Atlanta but many "boosters" in your city think they are the be all and end all of the South which isn't true. The ego is just huge and you never hear that type of boosterism from Miami and truth be told most people here think more about NYC or wherever they came from than Atlanta.
As far as business is concerned that maybe true but my point was the ATL doesn't have that strong of a influence in Florida.
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