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Old 06-18-2008, 06:28 PM
 
Location: Miami
763 posts, read 3,151,610 times
Reputation: 257

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More and more people want to live in the city centers which is why in the last decade or so, there has been a revival of downtown areas across the country, just look at Downtown Fort Lauderdale and Miami. Miami has seen one of the largest construction booms since probably the 1920's.

During the height of the boom, Miami was the 2nd-fastest growing city in the world after Dubai, that's astounding! There's a demand to live in Downtown, Midtown and Brickell and in the coming years we're going to truly see the area flourish with people and activity.
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Old 06-19-2008, 12:25 AM
 
Location: Miami Beach, FL
107 posts, read 317,268 times
Reputation: 54
Quote:
Originally Posted by tallrick View Post
I tend to differ. My view is that city life will become cheaper as people get fed up and leave. Once the economy collapses I think that worldwide trade will diversify away from the NYSE and NYMEX and NYC will be toast. All cities have moved away from manufacturing and to financial services. Once this fails, there will be nothing left to support high prices in cities. You give up so much to live in a city, and they think you are willing to pay so much to live in a pidgeon-hole? Manufacturing will return to the US and find that in cities factories, steel mills and the like have been replaced by homes, consumer-driven retail and "smart growth" that prevents future industrialization. Manufacturers will then move to small towns and rural areas where low costs and SPACE allow them to be competitive. I just do not see how high prices on city property will be justified in the years ahead.

You are presenting a scenario where the banks in NYC have collapsed but a strong manufacturing economy can start up in small towns. Who do you think provides the capital for those manufacturing endeavors? Look, I'm not a banker. And I don't particularly like the fact that bankers control the world, but they do. You can't have an economy of any sort without a strong financial services sector. It sucks, but around 500 years ago bankers rigged the system so that we can't live without them. So your scenario seems unlikely to me.

Besides, there are tons of other industries besides financial services that are centered in cities. Manufacturing may or may not return to the USA. If the USD continues to fall then I agree manufacturing could stage a revival in the USA. That's a separate debate. But manufacturing jobs still won't pay well so who cares? The high skill jobs will still be in or close to large cities. The salary differential between skilled and unskilled labor will continue to widen. The high salaries will continue to bid up real estate prices in cities.
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Old 06-19-2008, 07:12 PM
 
Location: America
6,975 posts, read 15,009,020 times
Reputation: 2059
another example of Miami's green initiatives (I consider Miami 21 such as well)

link (broken link)
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Old 06-21-2008, 09:51 AM
 
Location: Westchester, New York
124 posts, read 391,657 times
Reputation: 46
Quote:
Originally Posted by AJGIANTS View Post
I guess depends on your field and how you want to live. For my field of work I will make the same or very very close to what I make here in NYC.
My Wife is an RN so she will make more for becoming a relocated nurse.
We have a 1 bedroom apt with a nice patio overlooking a pool in Hoboken.
We can get a 2 bedroom one and a half times the size in a high rise (with all the amenities) in brickell or las olas for the same price or less.
And I will not even get into the housing market. What $450K could buy us in Weston compared to say - Morris County New Jersey doesn't even come close.
Again though its all about your standard of living.
I'm not sure people realize how much more expensive it has gotten to live in NYC and any areas with an "acceptable" commute in to Manhattan. Plus what you get for your money is ridiculous. For what we paid for our house in Westchester and the taxes that we pay both income and property we could buy cash in Weston!!
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Old 08-09-2009, 02:46 PM
 
Location: Downtown Raleigh, NC
2,086 posts, read 6,750,531 times
Reputation: 1298
Reviving this thread because I was just home visiting for the past week and saw some articles about Miami 21 in the Herald while I was there. The most disturbing of which is that the plan was shot down by two guys looking to run for mayor. Thoughts?

I am pretty disappointed. Someone finally has some excellent (and desperately needed) ideas, and the community's "representatives" once again keep the city in the Dark Ages.
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Old 08-09-2009, 04:30 PM
 
Location: The Shires
2,257 posts, read 1,692,194 times
Reputation: 1050
Quote:
Originally Posted by miamiblue View Post
Reviving this thread because I was just home visiting for the past week and saw some articles about Miami 21 in the Herald while I was there. The most disturbing of which is that the plan was shot down by two guys looking to run for mayor. Thoughts?

I am pretty disappointed. Someone finally has some excellent (and desperately needed) ideas, and the community's "representatives" once again keep the city in the Dark Ages.
Hey, never mind. We're getting a brand new stadium for the Florida Marlins @ a cost of over $2.4b, thanks to our wonderful, intelligent, forward-thinking elected officials
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