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Wow. What an over tendency to extrapolate current conditions for the next several decades as if things never change. Just 3 decades ago NYC city was broke, crime was out of control, and native New Yorkers were leaving in droves. That lasted almost two decades, and it came back better than ever! At the same time Texas was booming, then it busted and is now booming like never before.
The only people that should be predicting that California is down for the count are young people that can be forgiven since they have little long term experience. California is too large and offers too much to think that it will always be down. The people leaving are mostly middle class and lower. It's a tough state to succeed so I understand. But what they find tough is that they can't afford the lifestyle that they'd like on the salaries available. That sounds bad except that the reason is thata there are still a ton of people that find California so desirable that they are willing to pay much more to live here than almost anywhere else. Until that changes you can't deny Californias desirability. Plus it will eventually be back and maybe stronger than ever. That's how it works.
Wow. What an over tendency to extrapolate current conditions for the next several decades as if things never change. Just 3 decades ago NYC city was broke, crime was out of control, and native New Yorkers were leaving in droves. That lasted almost two decades, and it came back better than ever! At the same time Texas was booming, then it busted and is now booming like never before.
The only people that should be predicting that California is down for the count are young people that can be forgiven since they have little long term experience. California is too large and offers too much to think that it will always be down. The people leaving are mostly middle class and lower. It's a tough state to succeed so I understand. But what they find tough is that they can't afford the lifestyle that they'd like on the salaries available. That sounds bad except that the reason is thata there are still a ton of people that find California so desirable that they are willing to pay much more to live here than almost anywhere else. Until that changes you can't deny Californias desirability. Plus it will eventually be back and maybe stronger than ever. That's how it works.
That's what is so dumb about these predictions... they assume a linear trajectory that doesn't consider any real-world fluctuations.
Remember the housing boom? Most of America insisted that it'd never stop. They were all like, "a-hurr, a-hurr, this here house is gonna be worth a million dollars in six years, nyuk nyuk nyuk." Well, we all know how that worked out...
Oh, and China! Let's rewind a year. I remember having a chat with a foreign student from India at a bar, nice fellow, who said that he was positive that America would lose relevance in the next decade and China would take center stage with India close behind. I pointed out that while both countries have made impressive and unprecedented growth, they also both have massive unaddressed social and economic issues - crippling amounts of increasingly marginalized disaffected poverty, openly and overtly corrupt local governments and oppressive (China) and ineffectual (India) federal governments... etc, etc, etc., all of which will limit their success. He poo-poo'ed my opinions on the matter.
China is now having economic woes, and social instability is also growing. India is experiencing an "economic slowdown."
Never mind Europe; worry about India's economic growth - The Economic Times (http://economictimes.indiatimes.com/news/economy/indicators/never-mind-europe-worry-about-indias-economic-growth/articleshow/13021227.cms - broken link)
These projections of indefinitely-sustained economic growth, or of impending economic oblivion, are just that: projections. The reality, whether you're talking about the US as a whole, or China or India or Japan or Europe or California or Texas, may end up being drastically different than what was expected, and usually is!
California is going to end up being a state where really rich people go to live as they will be the only people able to afford to live there. Vacationers are welcome to help put money into the economy of the mega rich residents haha.
California is #1 for population because it encompassess most of the west coast. If an east coast state included that much ocean front property it would be just as populous or even more so. Even the Great Lakes states if they were combined to California size would equal California in population. (mostly old northwest territorry states) California will forever be the largest state in the union for that reason alone. It has nothing to do with what a wonderful place it is as the Californians like to think. People have always and always will be attracted to waterfront.
Being cheap is only a part of it. It's robust economy and the fact that it's pro business is it's main selling points.
Until Texas completely abolishes laws like this...it will never have anything besides being "cheap" as a selling point. Ever. It's seen as backwards (even the major cities to an extent, outside the few neighborhoods in those cities that don't exemplify everything "Texas") and laws like this prove it.
Until Texas completely abolishes laws like this...it will never have anything besides being "cheap" as a selling point. Ever. It's seen as backwards (even the major cities to an extent, outside the few neighborhoods in those cities that don't exemplify everything "Texas") and laws like this prove it.
Texas has 2 of the top 5 largest & fastest growing metros in the country.
I wouldn't call that backwards. Seems pretty progressive to me.
1. NYC
2. LA
3. Chicago
4. D/FW
5. Houston
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