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I said five years not ten. Redo your math from 2002 to 2008 and see what you get. as I said Houston took a dip after 2008 so obviously the ten year average will be much lower.
Listen to what I say before you react. What I said was PRE RECESSION levels were 8.4% and higher, how the heck are you going to calculate the last 5 years since the recession began as Pre recession values?
I don't have time to collect numbers for every year. You show me two consecutive years of 8.4% growth or higher and you win this argument
I do have the 2001 to 2005 numbers, which you refer to as boom years when 8.4% was common, yet the average rate is just under 7.5%
ok u win, from 2005 to 2008, the growth rate was just above 9%. (see edit below)
Granted, that was a boom period though when the whole country was growing quickly based on inflated housing and asset prices and debt-leverage
edit: the number in that thread has since been corrected; 2008, Houston was at 396B, rather than 408B, meaning the growth rate was just below 9%. http://bea.gov/newsreleases/regional..._metro0213.pdf (scroll down to Table 1)
My projections of 2025 are:
1. N.Y (You already know the story)
2. LA. (will be the same, just more population. LOL!)
3. D.C (will be finally be dense)
4. San Francisco {tech capital of the world} /Philadelphia {Art/innovation capital of the world/major history spot}(will be top destinations in the world soon)
6. Chicago (makes me sad to put it this low.)
7. Houston (when will y'all CD'ers ever learn? Boom doesn't last long!!! Houston WILL level out soon.)
8. Dallas/FTW
9. Boston (Boston is Boston)
10. San Antonio (Dont believe me just watch. Guys this city is amazing! It will be a top destination. Will explode very soon)
I love Philly but since when is it the innovation capital of the world? According to the rankings I've seen it goes Boston, SF, and NYC as the top 3 on the planet...though Philly usually ranks pretty high to.
However it's insane to think it's going to jump up to the #4 CSA GDP
ok u win, from 2005 to 2008, the growth rate was just above 9%. (see edit below)
Granted, that was a boom period though when the whole country was growing quickly based on inflated housing and asset prices and debt-leverage
edit: the number in that thread has since been corrected; 2008, Houston was at 396B, rather than 408B, meaning the growth rate was just below 9%. http://bea.gov/newsreleases/regional..._metro0213.pdf (scroll down to Table 1)
thank you finally.
It doesn't bother me if it was slightly above 9 or slightly below. My point was simply that this 8.4% may not be a one time fluke, because that was the level it was at before the recession. The percentage is even higher if you use the 2001 numbers instead of 2005
As to whole Country growing that fast, I don't see it. I think DC and DFW were at about 7.5s but I don't see other large metros having grown as much. Especially in raw numbers. While Houston was hanging with Miami and ATL at about 200B, DFW, Philly, Boston, SF, etc were flirting with the 300s. Things started to dip about 2004 Nationally but for some reason Houston, DFW and DC still exhibited strong growth
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