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Old 09-14-2008, 03:38 AM
 
Location: western East Roman Empire
3,857 posts, read 6,127,830 times
Reputation: 2519

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Quote:
Originally Posted by money23 View Post
What do you think of Miami going forward and what do you think Miami needs to become more world class?

There was actually already a thread on this question, but about a year and a half ago.

To summarize, only a relatively small area of Miami is truly prosperous in the "world class" sense, mainly the downtown/Brickell area and down the Metrorail corridor to Coral Gables.

Business in Brickell/Coral Gables is mainly real estate banking/construction, private banking, international trade banking, a little investment banking, international and Latino marketing, insurance, and luxury industries such as yachting.

Real estate banking/construction is in the dumps now and probably will be for another ten-twenty years until the next speculative boom. Private banking has stagnated since the so-called Patriot Act.

Whether this area of Miami will continue to prosper in the "world class" business sense, then, depends on the growth of international trade and marketing, which in turn depends on the growth of Latin America and US/Latin America relations (in trouble right now).

If international trade/marketing goes sour, the Miami economy in this area will revolve around services catering to the super rich, like insuring and maintaining a yacht, a luxury home, etc.

As for the rest, as others have mentioned, education is the key. Don't count on it.

Also, as tallrick always points out, we cannot discount the possibility of a major hurricane which could wipe Miami off the map.
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Old 09-14-2008, 03:42 AM
 
Location: S.Florida
3,325 posts, read 3,406,794 times
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Quote:
Originally Posted by tallrick View Post
Once the hurricane hits Miami will be in a depression for some time. It is no longer competitive in the world and Miami has been left behind by most major companies already. The only sources of income are drugs, real estate development and feeding off Medicare. The biggest employers are government. Miami is now obsolete and will become more and more of a mess as time goes on.

I disagree as lot's of Latin American money comes here.
You do have big money in Latin America controlled by a tiny population and they wind up here.

Doral where I live is "on the Map" due to Venezuelan money .
Big money from Brazil-Mexico-etc is also coming in and has come in.

I do think the disparity between have and have not's will only grow in South Florida as it is in Latin America .

Well ,actually my boss is from Panama and the bus service there is better and political corruption is down thus don't want to put down all of Latin America by comparing it to South Florida.
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Old 09-14-2008, 03:49 AM
 
Location: western East Roman Empire
3,857 posts, read 6,127,830 times
Reputation: 2519
Quote:
Originally Posted by Luiso View Post

Big money from Brazil-Mexico-etc is also coming in and has come in.
The question is how long will these people keep their money in the Miami area and, if so, what will they do with it? Invest in productive enterprises or spend it on luxury living, maybe a combination of both? We'll see.

Quote:
I do think the disparity between haves and have-nots will only grow in South Florida as it is in Latin America.
Undoubtedly this will be the result no matter what, especially if the general quality of education does not improve significantly.
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Old 09-14-2008, 08:47 AM
 
Location: Heartland Florida
8,513 posts, read 16,520,426 times
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The problem is, what happens when conditions in Latin America are better than in Miami? The south Florida area is already primed for full economic collapse, and what will happen when the thousands of welfare recipients get their benefits cut off during a time of hyperinflation? I see a return to riots in Miami and eventually a Latin American style targeting of the rich. There will simply be no reason for the south americans to come to Miami anymore. And again, after the hurricane hits people will simply lose interest. Miami has no economic engine to support itself, so like all other parasite cities it has to die.
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Old 09-14-2008, 09:17 PM
 
Location: S.Florida
3,325 posts, read 3,406,794 times
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Quote:
Originally Posted by tallrick View Post
The problem is, what happens when conditions in Latin America are better than in Miami? The south Florida area is already primed for full economic collapse, and what will happen when the thousands of welfare recipients get their benefits cut off during a time of hyperinflation? I see a return to riots in Miami and eventually a Latin American style targeting of the rich. There will simply be no reason for the south americans to come to Miami anymore. And again, after the hurricane hits people will simply lose interest. Miami has no economic engine to support itself, so like all other parasite cities it has to die.

Lol that is funny because it would take alot for Latin America to be better than N.America but not much at all to be better than Miami.

Thus you have a valid point.

The Venezuelan's I know in Doral are dieing to go back .
I meet a few guys from Germany by area golf course (they were playing golf I was collecting worms for fishing).

They told me they would never come back as they had to wait hours for a bus and were told by other German's not to come .
So Miami does seem to have lost European's which from I understand yrs ago was a huge tourist income.
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Old 09-14-2008, 09:24 PM
 
Location: S.Florida
3,325 posts, read 3,406,794 times
Reputation: 342
Quote:
Originally Posted by bale002 View Post
The question is how long will these people keep their money in the Miami area and, if so, what will they do with it? Invest in productive enterprises or spend it on luxury living, maybe a combination of both? We'll see.



Undoubtedly this will be the result no matter what, especially if the general quality of education does not improve significantly.
-------------

They had on news that 60 million dollars is missing in education/school funds. That is alot of computers,books,etc .

I may be tad jaded but I suspect it will never be found and though I certainly do not blame the Miami media at all.
They won't follow up on the story nor hold anyone's feet to the fire.

I can't fathom this place improving anything and if so not long term with the current brass in power.
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Old 09-14-2008, 09:54 PM
 
1,372 posts, read 2,418,711 times
Reputation: 418
Quote:
Originally Posted by Luiso View Post
-------------

They had on news that 60 million dollars is missing in education/school funds. That is alot of computers,books,etc .

I may be tad jaded but I suspect it will never be found and though I certainly do not blame the Miami media at all.
They won't follow up on the story nor hold anyone's feet to the fire.

I can't fathom this place improving anything and if so not long term with the current brass in power.

What about the judicial system? The Feds? Can't they do internal investigations? The Miami Herald-Cosa Nostra will never open this bag of worms... They just don't want to admit that a minority run county school system is a complete failure. That's the only thing that's holding Miami up - public schools. I am not "from" here but between jobs I have had here I've noticed that the average Miamian does not know how to spell...

Maybe English literacy isn't a high priority here? Never!
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Old 09-15-2008, 12:16 AM
 
155 posts, read 304,169 times
Reputation: 35
Global Cities[5] miami has 6 pionts last time i check its doing fine so far still has problems
Well rounded global cities
  1. Very large contribution: London and New York City. Smaller contribution and with cultural bias: Los Angeles, Paris, and San Francisco
  2. Incipient global cities: Amsterdam, Boston, Chicago, Madrid, Milan, Moscow, Toronto.
Global niche cities - specialised global contributions
  1. Financial: Hong Kong, Singapore and Tokyo.
  2. Political and social: Brussels, Geneva and Washington, D.C.
World Cities
Subnet articulator cities
  1. Cultural: Berlin, Copenhagen, Melbourne, Munich, Oslo, Rome, Stockholm.
  2. Political: Bangkok, Beijing, Vienna.
  3. Social: Manila, Nairobi, Ottawa.
Worldwide leading cities
  1. Primarily economic global contributions: Frankfurt, Miami, Munich, Osaka, Singapore, Sydney, Zurich
  2. Primarily non-economic global contributions: Abidjan, Addis Ababa, Atlanta, Basel, Barcelona, Cairo, Denver, Harare, Lyon, Manila, Mexico City, Mumbai, New Delhi, Shanghai.
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Old 09-15-2008, 10:14 AM
 
Location: Houston, Tx
3,644 posts, read 3,661,733 times
Reputation: 1585
Quote:
Originally Posted by Luiso View Post
Well ,actually my boss is from Panama and the bus service there is better and political corruption is down thus don't want to put down all of Latin America by comparing it to South Florida.
Wow, if that isn't a sign of the End Times for Miami I don't know what is. Comparing Miami to the Third World is deemed to be insulting to the Third World. LOL. Probably true though.
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Old 09-15-2008, 12:44 PM
 
710 posts, read 1,469,520 times
Reputation: 241
Quote:
Originally Posted by Luiso View Post
I meet a few guys from Germany by area golf course (they were playing golf I was collecting worms for fishing).

They told me they would never come back as they had to wait hours for a bus and were told by other German's not to come .
So Miami does seem to have lost European's which from I understand yrs ago was a huge tourist income.
So these guys from Germany were playing golf in SoFla (Doral?) and were taking buses???
Sorry, but I just don't believe you are being truthful about that.

ANYBODY that knows anything about Miami will not count on buses to get them around.

Miami still has, by far, the most foerign buyers FROM EUROPE than any other US city. (To be fair, not sure if that's % or #s.)

Last edited by planetsurf; 09-15-2008 at 01:07 PM..
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