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Point taken. I really am going by what the media portray's of New Orleans, I have visited during Mardi Gras but I didn't venture far enough away from my group or The french quarter to really get a feel for the city so what I have said is not meant to be personal but I like arguing every now and then, no harm meant.
It's not so much the boom "cities" that have to worry, but the boom "suburbs" do. Americans, in general, have become selfish. We take a lot of things for granted, which is why I don't necessarily think that the recession is a bad thing. Short-term, it affects a lot of people financially, but the long-term effects will benefit us all. We have to be more responsible as a society, and down time such as this will do just that. I, for one, do not mind seeing gas prices go up substantially (not because I want the oil companies to profit more, but because it makes us frugal). We have accrued more debt and health issues than any other 1st world country, because as a whole we are selfish.
Building large-scale residential developments 30-60 miles from a city core is not sustainable. It may work for a few decades, but it is doomed to fail eventually. Why should we support the building of thousands of miles of new infrastructure with our tax money when we could be investing in the existing grid we have already (and we all know the existing is deteriorating and needs technological efficiency improvements)? Why should we be pursuing virgin land and forests to develop when we have plenty of land that is in dire need of redevelopment? There is no need to continue developing these new "rings" around our cities. They will only continue to fail, just as the many neighborhoods are currently around Las Vegas. Overbuilding is a big issue in the suburbs, and it needs to be controlled.
You know, a lot of people would of implied that New York City would of been a present day Detroit in the 1980s. Then again, a lot of cities were following the trend.
The entire northern U.S. could be a slum one day and California? Those areas are loosing population rapidly to the south and many corporate headquaters are leaving those cities heading south.
Ding, ding, ding, ding! We have a winner.
Of course, all the elites of these places think they live on Olympus and that the flyover and SE corner of the country are toothless chumps living in double wides, burning witches out back. Elites who are full of themselves never recognize the next up and coming hot shots who will depose them.
A lot of people don't seem to understand what a boom city is. LA and Atlanta are far from boom cities. Boom cities are cities that have boomed in the last twenty years or so. Vegas, Phoenix, Boise, Salt Lake, maybe Charlotte and Raleigh too.
Vegas is a hellhole that will go down hard. Water problems and too many people for a gambling industry that will never recover since banks are no longer letting people run up massive debt.
A lot of people don't seem to understand what a boom city is. LA and Atlanta are far from boom cities. Boom cities are cities that have boomed in the last twenty years or so. Vegas, Phoenix, Boise, Salt Lake, maybe Charlotte and Raleigh too.
Vegas is a hellhole that will go down hard. Water problems and too many people for a gambling industry that will never recover since banks are no longer letting people run up massive debt.
If what you say about the gambling industry is true, then I hope Vegas finds a new way to sustain itself. Reno's been refocusing its economy away from gambling and has converted some casinos into apartments. Hopefully, Vegas' will sustain its shift to entertainment, the quaternary sector, and media production, make use of the vast solar resources it has, and keep on making headway with its water conservation programs. And maybe, just maybe, convert some of those hotel rooms into apartments. I'd hate to see some of those skyscrapers go to waste, and I want dibs on Luxor.
Las Vegas, Phoenix, and quite even Salt Lake City will be the next "Detroits"
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