U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > General U.S.
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-21-2013, 09:15 PM
 
66 posts, read 97,563 times
Reputation: 79

Advertisements

Quote:
Originally Posted by caphillsea77 View Post
I had no idea honestly. What's booming and hip in Louisville?
Louisville's Hip Emerging Scene | Video - ABC News
Reply With Quote Quick reply to this message

 
Old 10-23-2013, 09:18 PM
 
Location: Richmond, VA, from Boston
1,424 posts, read 2,096,192 times
Reputation: 661
Richmond Virginia
Reply With Quote Quick reply to this message
 
Old 10-24-2013, 09:32 AM
 
Location: BMORE!
7,742 posts, read 6,141,582 times
Reputation: 3590
Baltimore.
Reply With Quote Quick reply to this message
 
Old 10-24-2013, 05:32 PM
 
5,691 posts, read 8,760,259 times
Reputation: 4917
Louisville has a street called Bardstown road that goes on for miles and miles with all sorts of hip boutiques, bars and restauraunts. I had to wonder: where do the people get the money to support all these businesses. But then i remembered - for years Louisville had some of the lowest cost housing. So maybe there was money left over to spend.

I wonder if Louisville becomes a hot spot maybe rents will go up, less disposable income and the businesses struggle??? Has anyone seen this happen?
Reply With Quote Quick reply to this message
 
Old 10-24-2013, 05:35 PM
 
Location: Charlotte
1,399 posts, read 1,876,303 times
Reputation: 827
We can't predict the next boom cities until the current ones are finished.
Reply With Quote Quick reply to this message
 
Old 10-24-2013, 05:49 PM
 
Location: Chicago
38,690 posts, read 89,203,959 times
Reputation: 29451
Quote:
Originally Posted by creeksitter View Post
I wonder if Louisville becomes a hot spot maybe rents will go up, less disposable income and the businesses struggle??? Has anyone seen this happen?
There's definitely something to be said about rising rents affecting businesses, but it's a more direct relationship than you're getting at. It's typically the rent increases on their own leases that chase them out.

But sharply rising rents (and rising property values in general) usually result from higher-income demographic moving in, so there will still be money to support businesses. The question is, what kind of businesses will they support? The pattern I've seen is as follows:

1) the down-home mom-and-pop businesses close shop first, from either rising rents, or declining business as their erstwhile clientele gets priced out of the neighborhood, or both;

2) More upscale local businesses move in and take their place;

3) Eventually the market shakes out which of those upscale businesses make it and which don't, and the vacancies left by those that don't become occupied by regional or national chains as they're the only ones left who can afford the rents.
Reply With Quote Quick reply to this message
 
Old 10-28-2013, 10:28 PM
 
34 posts, read 46,295 times
Reputation: 21
Hot spots vary depending on locale and, more specifically, who you talk to.

For example, many kids from the Great Plains and Intermountain West dream of moving to cities like Denver, Phoenix, and Las Vegas after college whereas kids from the Pacific Northwest prefer cities like Seattle, Portland, and San Francisco. Most kids from the Southwest count the days until they can move to Los Angeles or San Diego; Alaskans will move just about anywhere to escape the remoteness and frigidness of Alaska; and so on.

Last edited by CuriousAboutCA; 10-28-2013 at 10:38 PM..
Reply With Quote Quick reply to this message
 
Old 10-29-2013, 08:26 PM
 
66 posts, read 97,563 times
Reputation: 79
Quote:
Originally Posted by creeksitter View Post
Louisville has a street called Bardstown road that goes on for miles and miles with all sorts of hip boutiques, bars and restauraunts. I had to wonder: where do the people get the money to support all these businesses. But then i remembered - for years Louisville had some of the lowest cost housing. So maybe there was money left over to spend.

I wonder if Louisville becomes a hot spot maybe rents will go up, less disposable income and the businesses struggle??? Has anyone seen this happen?
If rents go up though it will be because of a population boom which means the customer base to support those businesses will get larger. So people may spend less per capita but there will be more people spending so business will get better. Louisville has most of the criteria to make it a twentysomething hotspot. The one thing it lacks is national exposure - people don't realize yet how cool it is. Louisville needs an NBA team or some other professional sport to put it on the national map.
Reply With Quote Quick reply to this message
 
Old 10-30-2013, 10:47 AM
 
Location: Georgia
485 posts, read 731,114 times
Reputation: 247
Yeah I've got to say Pittsburgh
Reply With Quote Quick reply to this message
 
Old 10-30-2013, 12:46 PM
 
Location: Minneapolis (St. Louis Park)
5,991 posts, read 8,315,951 times
Reputation: 4270
^Hmm. I realize Pittsburgh isn't declining anymore but I have a hard time seeing it explode in growth. Why do you think Pittsburgh would boom? And similarly, would it be regional (Cleveland, Columbus, Buffalo, etc.) or just Pitt?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > General U.S.
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top