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Old 07-24-2013, 03:56 PM
 
Location: Willowbend/Houston
13,384 posts, read 25,542,680 times
Reputation: 10580

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Enjoy the data. Ill let it speak for itself. Some surprises and some no brainers from the data below. Source is Principal Global Investment firm. 1.0 is most diverse, 0.0 is least diverse:

Denver: .85
San Antonio: .82
Atlanta: .82
Chicago: .81
Nashville: .80
Phoenix: .79
Minneapolis: .78
Tampa: .76
Raleigh: .76
Portland, OR: .75
Philadelphia: .75
Dallas: .73
Columbus, OH: .73
San Francisco: .73
Austin: .68
Charlotte: .67
Boston: .65
San Diego: .64
Miami: .63
New York City: .62
Houston: .61
Memphis: .55
Detroit: .55
Los Angeles: .55
Washington DC: .50
Seattle: .39
Orlando: .30
San Jose: .23

http://www.principalglobal.com/us/realestate/index.aspx
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Old 07-24-2013, 06:16 PM
 
1,016 posts, read 2,955,477 times
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Well Vegas definitely has one of the most least if not thee least diverse economies.
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Old 07-24-2013, 06:19 PM
 
Location: Denver/Atlanta
6,083 posts, read 10,607,249 times
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So if I'm reading correctly, Denver has one of the most diverse economies?
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Old 07-24-2013, 06:25 PM
 
37,763 posts, read 41,331,289 times
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Interesting that some metros with the least diverse economies are doing better and have historically done better than some with the most diverse economies.
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Old 07-24-2013, 06:35 PM
 
Location: Upper East Side of Texas
12,498 posts, read 26,809,106 times
Reputation: 4890
Quote:
Originally Posted by peterlemonjello View Post
Enjoy the data. Ill let it speak for itself. Some surprises and some no brainers from the data below. Source is Principal Global Investment firm. 1.0 is most diverse, 0.0 is least diverse:

Denver: .85
San Antonio: .82
Atlanta: .82
Chicago: .81
Nashville: .80
Phoenix: .79
Minneapolis: .78
Tampa: .76
Raleigh: .76
Portland, OR: .75
Philadelphia: .75
Dallas: .73
Columbus, OH: .73
San Francisco: .73
Austin: .68
Charlotte: .67
Boston: .65
San Diego: .64
Miami: .63
New York City: .62
Houston: .61
Memphis: .55
Detroit: .55
Los Angeles: .55
Washington DC: .50
Seattle: .39
Orlando: .30
San Jose: .23

Principal Global Investors - Real Estate
Texas is doing well for itself.
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Old 07-24-2013, 06:46 PM
 
Location: Los Altos Hills, CA
36,612 posts, read 67,015,604 times
Reputation: 21144
Great topic and info..thx
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Old 07-24-2013, 06:51 PM
 
Location: Up on the moon laughing down on you
18,495 posts, read 32,713,325 times
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Quote:
Originally Posted by Mutiny77 View Post
Interesting that some metros with the least diverse economies are doing better and have historically done better than some with the most diverse economies.
That's because diversified areas leave you with options B or C to fall back on if A tanks.

However a diversified economy doesn't necessarily have to be a healthy one. Conversely an economy based solely on tourism for example doesn't necessarily have to be unhealthy.

What's important is diversity and strength. You don't want to have an economy that is involved in a range of fickle areas. That is just as bad as being strong in just one area.
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Old 07-24-2013, 07:16 PM
 
37,763 posts, read 41,331,289 times
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Quote:
Originally Posted by HtownLove View Post
That's because diversified areas leave you with options B or C to fall back on if A tanks.

However a diversified economy doesn't necessarily have to be a healthy one. Conversely an economy based solely on tourism for example doesn't necessarily have to be unhealthy.

What's important is diversity and strength. You don't want to have an economy that is involved in a range of fickle areas. That is just as bad as being strong in just one area.
This is true.

I wonder how Raleigh would have fared if the entire Triangle were one MSA.
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Old 07-25-2013, 09:36 AM
 
Location: Willowbend/Houston
13,384 posts, read 25,542,680 times
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Quote:
Originally Posted by Mezter View Post
So if I'm reading correctly, Denver has one of the most diverse economies?
Yep. There were only one or two small economies more diverse than Denver (I think Salt Lake City and Wichita, KS were them). I only listed the majors.

Quote:
Originally Posted by Mutiny77 View Post
Interesting that some metros with the least diverse economies are doing better and have historically done better than some with the most diverse economies.
Its really hit or miss for the economies that are not diverse. Some are doing very well (like Houston, Seattle, and San Jose) while some are in the crapper (Detroit, Orlando, and Memphis). It all depends on the industry that said economy specializes in. Houston is thriving because oil and energy are thriving, Seattle and San Jose are thriving because technology is thriving.

Now on the flip side of the coin, the diverse economic cities/areas dont soar up to the sky but they never really crash and burn either. No matter what happens, they will always be good. They will keep trucking along and maintain steady growth, never falling far and always maintianing.

By the way, the national average is .64.
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Old 07-25-2013, 09:44 AM
 
11,289 posts, read 26,009,995 times
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Quote:
Originally Posted by Mutiny77 View Post
Interesting that some metros with the least diverse economies are doing better and have historically done better than some with the most diverse economies.
Well it depends on what the economy is of course......tech is going to do better in the 2000's than having an established manufacturing economy that was built for 200,000 workers but only needs 20,000 with todays technology.
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