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Old 04-08-2016, 10:27 AM
 
7,747 posts, read 4,598,217 times
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Less than a decade after the real estate collapse, why is this forum still obsessed with booms. Some of the most economically devastated cities and metros were among the fastest-growing 10 to 15 years ago Heather we realize that blooms are indicative of nothing more than booms?
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Old 04-08-2016, 10:38 AM
 
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Most cities of today developed through a series of booms and busts. Usually the boom period is where you get all of your construction and attractions for cities and bust is the cool down period where little to nothing is occurring. Most cities didn't develop through a sustained moderate growth period.
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Old 04-08-2016, 10:54 AM
 
Location: East Mt Airy, Philadelphia
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Quote:
Originally Posted by Ant131531 View Post
Most cities of today developed through a series of booms and busts. Usually the boom period is where you get all of your construction and attractions for cities and bust is the cool down period where little to nothing is occurring. Most cities didn't develop through a sustained moderate growth period.
Right. Plus, booms/busts are interesting and media-noteworthy. Just reading the words "sustained moderate growth period", much less delving into the reasons for it, make one ... yawn.
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Old 04-09-2016, 12:46 PM
 
Location: Syracuse, New York
3,114 posts, read 2,530,537 times
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Yep, it's more exciting to note that Portland, Oregon's metro has added 53,000 labor force participants since July of 2015 than to note that during the same period, Sacramento's labor force has remained roughly the same.
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Old 04-09-2016, 01:05 PM
 
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Why are people more interested in the Golden State Warriors than the Orlando Magic? Why are more people interested in Dubai than Duluth?

People like to talk about out-of-the ordinary trends. Much more interesting.
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Old 04-09-2016, 01:24 PM
 
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Originally Posted by NOLA101 View Post
Why are people more interested in the Golden State Warriors than the Orlando Magic? Why are more people interested in Dubai than Duluth?

People like to talk about out-of-the ordinary trends. Much more interesting.
This is a terrible analogy, because the Warriors aren't booming. They're returning champions who got marginally better. We talk about the Warriors because they're great. The Celtics would be the boom team.

Dubai is definitely boom city, which in the not-too-distant future will probably be a bust city.
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Old 04-09-2016, 02:10 PM
 
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Originally Posted by gladhands View Post
This is a terrible analogy, because the Warriors aren't booming. They're returning champions who got marginally better. We talk about the Warriors because they're great. The Celtics would be the boom team.
Sounds like a good analogy to me. The Warriors are absolutely booming right now. They came out of nowhere to win the national championship, and are now easily the best team in the NBA. Less than two years ago they were a nothing team that had no national presence.

Not sure how going from an average team to possibly the best team in NBA history is "marginally better". And not sure why the no-name Celtics, who have zero chance to do anything in the playoffs, would be considered a "boom team". Who cares about the Celtics right now outside of Celtics fans?

Seems a lot more interesting to talk about the Warriors than just some random team. Similarly, it's more interesting to talk about a city that's an outlier (in ways good or bad) then just some random city.
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Old 04-09-2016, 02:28 PM
 
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Originally Posted by NOLA101 View Post
Sounds like a good analogy to me. The Warriors are absolutely booming right now. They came out of nowhere to win the national championship, and are now easily the best team in the NBA. Less than two years ago they were a nothing team that had no national presence.

Not sure how going from an average team to possibly the best team in NBA history is "marginally better". And not sure why the no-name Celtics, who have zero chance to do anything in the playoffs, would be considered a "boom team". Who cares about the Celtics right now outside of Celtics fans?

Seems a lot more interesting to talk about the Warriors than just some random team. Similarly, it's more interesting to talk about a city that's an outlier (in ways good or bad) then just some random city.
People who have follow the whole NBA are fascinated by the Celtics, if you asked anyone where the Celtics would be this season last year, they should be a dumpster fire ala Brooklyn or Philly, but they are be 3/4 in the east.
Will they Win the Championship? probably not, but in the NCAA nobody really thought that Mid-Ten was going to win the title, but they exceeded expectations.
Just as the Twin Cities area is seen as a boom town, not because its actually the fastest growing city in America, but because they exceed expectations considering the regions its in.
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Old 04-09-2016, 02:40 PM
 
Location: Nebraska
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Orlando and Las Vegas are going through a population boom right now.

Even with the drastically increased number of jobs they are stagnant or declining on per-capita incomes as the population increases faster then the jobs. The new jobs in Orlando and Las Vegas are mainly either temporary or lower wage jobs then the average.

People don't tend to move to Orlando or Las Vegas solo, so the population boom is exaggerated as it's mainly families moving to both.

Ambitious, wishful thinkers from Puerto Rico are flocking to Orlando in droves and the schools have excessive crowding. The rents are increasing to levels that are in sync with the incomes.

Las Vegas has a population boom do to the multi-billion construction projects in the area and influx of poor and middle-class Californians who can't afford to live in California. Lots of refugees are moving to Las Vegas also. The school system is way over-capacity, the police are extremely short on officers to respond to calls, the 911 system sometimes places people on hold for long periods of time.

Both cities despite their temporary economic booms have rapidly decreasing quality of life, especially for families who are more sensitive to quality of life issues.

Both Orlando and Las Vegas are both having a massive run-up in violent crime rates, the schools are overcrowded and beyond capacity, the infrastructure is being taxed higher then it other wise would be.

I would rather have slow-steady quality population growth like Salt Lake City, Columbus or Minneapolis where you have have job growth rates that are lower then per-capita growth rates.
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Old 04-09-2016, 10:15 PM
 
221 posts, read 132,465 times
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Quote:
Originally Posted by NOLA101 View Post
Sounds like a good analogy to me. The Warriors are absolutely booming right now. They came out of nowhere to win the national championship, and are now easily the best team in the NBA. Less than two years ago they were a nothing team that had no national presence.

Not sure how going from an average team to possibly the best team in NBA history is "marginally better". And not sure why the no-name Celtics, who have zero chance to do anything in the playoffs, would be considered a "boom team". Who cares about the Celtics right now outside of Celtics fans?

Seems a lot more interesting to talk about the Warriors than just some random team. Similarly, it's more interesting to talk about a city that's an outlier (in ways good or bad) then just some random city.
They made the Playoffs two years in a row with Mark Jackson before Steve Kerr took over, so its not like they came out of nowhere. But yes, they are booming.
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