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Old 12-27-2013, 08:42 AM
 
13,350 posts, read 39,943,010 times
Reputation: 10789

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This is according to the number crunchers at Forbes. They arrived at the results by measuring the country's 52 largest metro areas by GDP growth, job growth, real median household income growth, current unemployment, population growth, birth rate, domestic migration and the change in educational attainment.

The top 10:
  1. Austin
  2. San Antonio
  3. Salt Lake City
  4. Houston
  5. Nashville
  6. Dallas
  7. Denver
  8. Oklahoma City
  9. Raleigh
  10. San Jose

The full report is found here:
The Metro Areas With The Most Economic Momentum Going Into 2014 - Forbes
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Old 12-27-2013, 09:05 AM
 
Location: Los Altos Hills, CA
36,653 posts, read 67,482,823 times
Reputation: 21229
Joel Kotkin must have been so upset to have to include San Jose in his ranking seeing as he loathes the Bay Area and New York and anywhere with a nice urban core--I remember few years ago he all but crowned the Inland Empire the future economic hotspot of California(LMFAO) while simultaneously predicting the death of Silicon Valley. His shtick is to downplay and even challenge urbanism while lauding suburban sprawl. It's all quite bizarre really. What's more bizarre is that some people still listen to what he has to say.

Anyway, I don't think that birth rate, domestic migration and population growth are really important as far as economic momentum.

Furthermore, there is no way to predict growth in the next year by looking at the last five years as five years is an ETERNITY as far as 'momentum'--perhaps he should have renamed this 'metro areas that are TRENDING up the fastest over a five year period"--because momentum speaks to the most recent occurrences in the economy. A city that may have been flying high in 2007 might not be so hot now.

For example, it's not really possible for Dallas or Houston or really any of those cities to have more economic 'momentum' than San Francisco right now when the last reported 12-month period for change in Joblessness and GDP growth rates are as follows:

Unemployment Rate Oct 2013/ Oct 2012 and Annual Change:
Dallas MSA 5.9%/6.1%............drop of 0.2%
Houston MSA 5.9%/6.1%.........drop of 0.2%
San Francisco MSA 6.2/7.6%....drop of 1.4%
Over-the-Year Change in Unemployment Rates for Large Metropolitan Areas

Annual GDP growth rate, 2012-2013
San Francisco MSA +7.4%
Houston MSA +5.3%
Dallas MSA +4.3%
News Release: GDP by Metropolitan Area, Advance 2012, and Revised 2001–2011

^And mind you, these are numbers that include the affects of population growth. So SF beats them as far as GDP growth and declining joblessness.

Last edited by 18Montclair; 12-27-2013 at 09:16 AM..
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Old 12-27-2013, 10:01 AM
 
Location: Pasadena, CA
10,078 posts, read 15,846,871 times
Reputation: 4049
Quote:
Originally Posted by JMT View Post
This is according to the number crunchers at Forbes. They arrived at the results by measuring the country's 52 largest metro areas by GDP growth, job growth, real median household income growth, current unemployment, population growth, birth rate, domestic migration and the change in educational attainment.

The top 10:
  1. Austin
  2. San Antonio
  3. Salt Lake City
  4. Houston
  5. Nashville
  6. Dallas
  7. Denver
  8. Oklahoma City
  9. Raleigh
  10. San Jose

The full report is found here:
The Metro Areas With The Most Economic Momentum Going Into 2014 - Forbes
Joel Kotkin = Did not read.
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Old 12-27-2013, 10:45 AM
 
1,526 posts, read 1,983,949 times
Reputation: 1529
Quote:
Originally Posted by JMT View Post
This is according to the number crunchers at Forbes. They arrived at the results by measuring the country's 52 largest metro areas by GDP growth, job growth, real median household income growth, current unemployment, population growth, birth rate, domestic migration and the change in educational attainment.

The top 10:
  1. Austin
  2. San Antonio
  3. Salt Lake City
  4. Houston
  5. Nashville
  6. Dallas
  7. Denver
  8. Oklahoma City
  9. Raleigh
  10. San Jose
Ah yes. Forbes and their innovative research methods.
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Old 12-27-2013, 11:53 AM
 
555 posts, read 714,829 times
Reputation: 438
Quote:
Originally Posted by JMT View Post
This is according to the number crunchers at Forbes. They arrived at the results by measuring the country's 52 largest metro areas by GDP growth, job growth, real median household income growth, current unemployment, population growth, birth rate, domestic migration and the change in educational attainment.

The top 10:
  1. Austin
  2. San Antonio
  3. Salt Lake City
  4. Houston
  5. Nashville
  6. Dallas
  7. Denver
  8. Oklahoma City
  9. Raleigh
  10. San Jose

The full report is found here:
The Metro Areas With The Most Economic Momentum Going Into 2014 - Forbes
Haha oh Forbes....
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Old 12-27-2013, 11:57 AM
 
Location: M I N N E S O T A
14,773 posts, read 21,489,019 times
Reputation: 9263
Quote:
Originally Posted by YIMBY View Post
Ah yes. Forbes and their innovative research methods.
Quote:
Originally Posted by Folks3000 View Post
Haha oh Forbes....
What is your problems with the criteria and what would your criteria be?
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Old 12-27-2013, 12:07 PM
 
555 posts, read 714,829 times
Reputation: 438
Quote:
Originally Posted by iNviNciBL3 View Post
What is your problems with the criteria and what would your criteria be?
It has been said already, the guy who writes these just weights everything to always come out in favor of sprawling suburban cities. I guess I just have a hard time taking these constant little excerpts from Forbes seriously over the years. We will see though.
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Old 12-27-2013, 12:45 PM
 
Location: M I N N E S O T A
14,773 posts, read 21,489,019 times
Reputation: 9263
Quote:
Originally Posted by Folks3000 View Post
It has been said already, the guy who writes these just weights everything to always come out in favor of sprawling suburban cities. I guess I just have a hard time taking these constant little excerpts from Forbes seriously over the years. We will see though.
I think it just so happens that sprawling cities happen to match his criteria?

Still what it wrong with GDP growth, job growth, real median household income growth, unemployment, population growth, birthrate, domestic migration, and change in educational attainment?

Money, jobs and education seems nice to me... and these are actually some pretty nice cities.
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Old 12-27-2013, 05:34 PM
 
Location: Seattle, WA
2,985 posts, read 4,882,532 times
Reputation: 3419
Lol I also remember this guy said the Inland Empire was the future hotspot of California a few years back. Now the Inland Empire has the highest levels of poverty in the country. What a joke.
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Old 12-28-2013, 06:39 AM
 
6,350 posts, read 11,582,370 times
Reputation: 6312
Those are cities with population booms. Why wouldn't you expect them to be sprawly? Don't most of them have urban infill developments if that is your preference?

Like it or not sprawl is the path of least resistance if a city needs new housing in a hurry.
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