Turning around Youngstown (Cleveland, Boardman, Austintown: to rent, home, transfer)

[pghquest]

Originally Posted by Art1979

10 people at $20,000 gross income per year doesn't translate into $200,000 a year for the City of Youngstown. It translates into $5,500/year for the City of Youngstown ($200,000*.0275). We cannot tell what the employees will do with the other $194,500 (Aside from FIT, FICA, OHIT, etc.).

Agree, but the way I look at it

$5500 a year going back to Youngstown if they gave business $50K for moving into the city vs

$0 a year going back to Youngstown if they buy a house and tell someone to move so they can save $100 in electricity bills lighting a street, and then another $10,000 to tear up roads...

In addition, that other $194,500 will buy houses, which mean property tax revenue, (even if not directly in Youngstown), but more sales for furnitures, automobiles, plays, people going to the Chevy center for activities etc.

Investment to create income is a lot better then investments to make people leave. Paying people to move seems counter productive to the actual goal, which is making Youngstown viable again.

[pghquest]

Originally Posted by Mikieo415

In many cases it is not worth any amount of money to fix these houses. They are usually stripped out and have serious structural defects. They would need tens of thousands to be livable.

Yes, but thats the case anywhere. The experience that I have with property owners is that they put tens of thousand into properties that are already livable, but even if they had to put $20K into a property needing rehabbed, thats money being spent in the community, at home repair centers, creating jobs, renovating vacant homes, that can then be sold at a reasonable cost to entice people to live in the area. Building a home from the ground up cost a lot more then tens of thousands, and who's willing to make that type of an investment with no one living in the area and homes being torn down?

[pghquest]

Originally Posted by Mikieo415

That is less than $10 per hour. No one can live on that in today's day and age

The argument isnt if thats a livable wage, the argument is that spending $50,000 to create jobs, is better then spending $50,000 to entice someone to move from the area.. (news story)

If the subject of jobs is a living wage or nothing? I can see that nothing has been winning in Youngstown lately.

From what it looked like to me during my recent trip into downtown Youngstown , that $10 per hour job is better then what existed there now, NOTHING.. Who's living off of that?

[Art1979]

Originally Posted by pghquest

Agree, but the way I look at it

$5500 a year going back to Youngstown if they gave business $50K for moving into the city vs

$0 a year going back to Youngstown if they buy a house and tell someone to move so they can save $100 in electricity bills lighting a street, and then another $10,000 to tear up roads...

In addition, that other $194,500 will buy houses, which mean property tax revenue, (even if not directly in Youngstown), but more sales for furnitures, automobiles, plays, people going to the Chevy center for activities etc.

Investment to create income is a lot better then investments to make people leave. Paying people to move seems counter productive to the actual goal, which is making Youngstown viable again.

::Shrug:: I'm not sure what else to tell you. Good luck on your business.

[pghquest]

Originally Posted by Art1979

::Shrug:: I'm not sure what else to tell you. Good luck on your business.

I know.. unless your a politician, one cant explain why it makes sense to buy peoples homes to get them to move, then pay to tear up streets and utility lines, instead of just encouraging job growth so that people move in on their own..

[Art1979]

Originally Posted by pghquest

I know.. unless your a politician, one cant explain why it makes sense to buy peoples homes to get them to move, then pay to tear up streets and utility lines, instead of just encouraging job growth so that people move in on their own..

That's not what I meant, but everyone's entitled to their opinion.

[JR_C]

Have you inquired about incentives for moving your business to the area, pghquest? I have no idea what they are, but I'm fairly certain there are some in place. If you like, check here: Youngstown Office of Economic Development Youngstown, Ohio

I hate to see old buildings demolished. But, the market is already oversaturated with homes for sale. More homes for sale will only mean that the value of all homes for sale in the area will decline further.

Regarding the $50k incentive to move from a nearly vacant block, I would be surprised if it's used more than a few times--probably only in extreme cases. This is the first time I can remember hearing of that aspect, but I'm not an expert on the Youngstown2010 plan.

[pghquest]

Originally Posted by Art1979

That's not what I meant, but everyone's entitled to their opinion.

Well you cant really just shrug your sholders and think people will understand what you meant to say..

[pghquest]

Originally Posted by JR_C

Have you inquired about incentives for moving your business to the area, pghquest? I have no idea what they are, but I'm fairly certain there are some in place. If you like, check here: Youngstown Office of Economic Development Youngstown, Ohio

I hate to see old buildings demolished. But, the market is already oversaturated with homes for sale. More homes for sale will only mean that the value of all homes for sale in the area will decline further.

Regarding the $50k incentive to move from a nearly vacant block, I would be surprised if it's used more than a few times--probably only in extreme cases. This is the first time I can remember hearing of that aspect, but I'm not an expert on the Youngstown2010 plan.

Thanks for the link. I'll take a look at it. I'm just amazed that people dont have a problem with government taxes, being used to buy peoples homes, to encourage them to move out of town, and then more tax money being used to tear up the streets and infrastructure. Seems like that $50K would be much better put to use to put individuals to work thereby making a demand on housing, not the other way around.

[Mikieo415]

Originally Posted by pghquest

From what it looked like to me during my recent trip into downtown Youngstown , that $10 per hour job is better then what existed there now, NOTHING.. Who's living off of that?

A lot of people would rather have nothing because any wage would disqualify them for hand out programs. Whether you want to talk about utility bills or food stamps or SSI, $20,000 is just enough to not be enough. For a lot of people, nothing will come between them and not loosing their monthly check.