Quote:
Originally Posted by slengel
since when is baltimore considered a "boomtown"? is this 1875 or something?
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LOL.really!
Actually this should be
"lets talk about Cleveland thread...It's GRREEAAATTT!!!"
But I'll bite.Atlanta is damn near last ,but what do you expect after 40 + years of solid growth?
Atlanta will take longer than most come back .The fact that it has been a draw for way too many people, more than the market could employ.Housing will take a awhile to absorb oversupply,but the less demand will keep Atlanta more competitive as the prices are tumbeling,people are still coming,but much less.In the long term this is good for Atlanta.
The thing that will bring Atlanta out as most economist almost unanimously agree,is the Atlanta is highly diversified economy.Its almost last in the U.S. but its just needs this time at the moment to slow down and regroup.Atlanta pretty much was the symbol of what our country was doing wrong and right.If Atlanta cannot get it together with all its resources,then I do fear for the whole country