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Old 04-08-2016, 08:03 AM
 
Location: Maryland
4,269 posts, read 5,489,973 times
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New York, Illinois, New Jersey, Pennsylvania, California, Michigan, etc.: these states are all very populous and all have fairly high negative domestic migration; you'll see transplants from these states all over the U.S.
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Old 04-08-2016, 08:22 AM
 
2,941 posts, read 3,057,213 times
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Quote:
Originally Posted by gladhands View Post
Premature Chicago grave dancing seems to be one of his forum's favorite pastimes. Chicago remains an alpha plus world city. It is at worst, the third or fourth most important city in the country. Only New York tops it for urbanity. Crime is fairly isolated on the south and west sides. The cost-of-living is low, and the job market strong. When comparing comparable neighborhoods, it's housing costs are lower than Charlotte or Baltimore.
Here's a story from the Chicago Tribune April 4, 2016:


Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a new report.
About 3,000 individuals with net assets of $1 million or more, not including their primary residence, moved from the city last year, with many citing rising racial tensions and worries about crime as factors in the decision, according to research firm New World Wealth. That represented about 2 percent of the city's high net worth individuals.
Cities in the United States that saw a net inflow of millionaires included Seattle and San Francisco.
Chicago was among four cities worldwide with the biggest flight of millionaires.


Plus the Trib reported that IL. lost 105,000 residents last year, a large portion of those from Chicago. While you think Chicago's grave digging is premature, it has the preverbial "One foot in the grave" syndrome !
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Old 04-08-2016, 08:26 AM
 
Location: Midwest
4,633 posts, read 3,976,577 times
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Leaving in droves is a bit dramatic, but yes a lot of people are leaving Chicago and Illinois. I moved away and came back because things didn't go as planned. Most of my job hunting leads me out of state, but it is because I want a better climate and better outdoor recreation not because the state is a political mess.
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Old 04-08-2016, 09:26 AM
 
7,738 posts, read 4,581,276 times
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Quote:
Originally Posted by Nodpete View Post
Here's a story from the Chicago Tribune April 4, 2016:


Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a new report.
About 3,000 individuals with net assets of $1 million or more, not including their primary residence, moved from the city last year, with many citing rising racial tensions and worries about crime as factors in the decision, according to research firm New World Wealth. That represented about 2 percent of the city's high net worth individuals.
Cities in the United States that saw a net inflow of millionaires included Seattle and San Francisco.
Chicago was among four cities worldwide with the biggest flight of millionaires.


Plus the Trib reported that IL. lost 105,000 residents last year, a large portion of those from Chicago. While you think Chicago's grave digging is premature, it has the preverbial "One foot in the grave" syndrome !
That was actually discussed in another thread. The methodology of that "study" is laughable. It's based mostly on anecdotal evidence. They interviewed fewer than 900 high-bet worth individuals and some financial planners, looked up some property records, and then decided how many millionaires move to and from every major city in the world. And even that study only had Chicago losing 2% of its millionaires. That is a significantly lower percentage then Paris. Would you say Paris has 1 foot in the grave?
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Old 04-08-2016, 09:41 AM
 
1,291 posts, read 1,127,812 times
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https://www.illinoispolicy.org/illin...ate-last-year/

Illinois lost more people than any other state last year.
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Old 04-08-2016, 09:44 AM
 
10,559 posts, read 13,133,007 times
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Originally Posted by gladhands View Post
That was actually discussed in another thread. The methodology of that "study" is laughable. It's based mostly on anecdotal evidence. They interviewed fewer than 900 high-bet worth individuals and some financial planners, looked up some property records, and then decided how many millionaires move to and from every major city in the world. And even that study only had Chicago losing 2% of its millionaires. That is a significantly lower percentage then Paris. Would you say Paris has 1 foot in the grave?
Yeah, I saw the "study" posted somewhere and it is laughable. Enjoy

http://nebula.wsimg.com/6e5712bf40ff...&alloworigin=1
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Old 04-08-2016, 09:51 AM
 
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Also, 2015 was the first year since 1990 that the Chicago MSA has had a net population decrease. But, let's collectively decide that Chicago is Detroit.
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Old 04-08-2016, 09:59 AM
 
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The issue isn't so much that people are leaving Chicago/Illinois (though they are); the issue is that people aren't moving to Chicago/Illinois.

The outmigration in California and New York is similar or even higher than in Illinois, but the difference is that California and New York get tons of immigrants and they get tons of young "best and brightest" type folks from around the country. Illinois doesn't really get that.

Outmigration is fine if you can balance with inmigration. That's really the issue; the imbalance between outmigration and inmigration. Chicago isn't really a destination except for neighboring Midwest states, and even then only for the postcollegiate crowd, for a few years before they get married.
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Old 04-08-2016, 10:01 AM
 
9,701 posts, read 7,262,937 times
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Quote:
Originally Posted by gladhands View Post
Also, 2015 was the first year since 1990 that the Chicago MSA has had a net population decrease. But, let's collectively decide that Chicago is Detroit.
The Detroit MSA is actually growing, while the Chicago MSA is declining. Detroit also has stronger economic growth as of late.

So, yeah, they are on different growth trajectories, as surprising as it may be. Of course Detroit (the city) is still a gigantic mess, but metro-to-metro comparison indicates Detroit is doing better as of right now.
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Old 04-08-2016, 10:05 AM
 
7,738 posts, read 4,581,276 times
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Quote:
Originally Posted by NOLA101 View Post
The Detroit MSA is actually growing, while the Chicago MSA is declining. Detroit also has stronger economic growth as of late.

So, yeah, they are on different growth trajectories, as surprising as it may be. Of course Detroit (the city) is still a gigantic mess, but metro-to-metro comparison indicates Detroit is doing better as of right now.
Detroit is one third deserted. By your logic the drug addict who who hit rock bottom, got clean and move into a boarding house is doing better than the middle-class professional whose 401(k) took a hit.
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