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Once lived in Manhattan 10 years in a project. Left with rent of $550 including utilities for a large 2BR.
Same place now about $4K and newcomers need to pay this.
Rent controlled folks must stay until they die since they have been priced out of changing by the influx of high income yuppies who make fun of them and feel that they need to make way for the newcomers.
Many are infesting areas which were typically low income and not giving a hoot about where the displaced residents will go.
This in the nature of greed and rottenness coming to our beautiful state.
We don't need them in our area. Our infrastructure cannot handle the needs they bring unless they pay their way instead of being bribed.
Other NC areas need the jobs. We do not need or want them.
Capital Blvd, I understand exactly what you're saying, and unlike some of the other posters, I see nothing wrong with pointing this out. While there would be an upside with the economic growth and job creation, it's not unreasonable to point out some downsides.
The Triangle area's economy has been in high demand as it is even currently, and it's been difficult for the infrastructure (roads, schools, etc.) to catch up. There's also been ever increasing pressure on home prices, which makes it difficult for people who aren't fleeing and selling homes in areas where the prices are $500/SF and property taxes are over a thousand dollars a month for a small home. That skews perception and makes the Triangle seem "cheap" in comparison, but affordable housing has become a bigger and bigger issue in the area, as you point out. As a side note, the snooty, condescending comment someone made about being priced out of a "tinderbox" was uncalled for, as many people who faithfully serve more affluent people and make their lives easier (such as first responders, who serve everyone, including those who look down on those who live in less expensive homes than their own) work very hard for those so called "tinderboxes" that they call home.
Beyond that, if the state is offering incentives (which definitely have their downsides), the state has a policy interest in incentivizing development in areas that aren't as "hot" or economically advantaged as the Triangle in terms of being economically advantaged. If state tax dollars are being spent on incentives, and the playing field isn't at least somewhat leveled to give a higher priority to areas that are already fighting a David and Goliath kind of fight with the Triangle (along with Charlotte), then people in the slower growing areas end up subsidizing growth in very limited areas (Tier 3 counties shown on the link below). And typically in areas that are already overburdened in terms of infrastructure.
With all of that said, it's a Catch 22 because even with incentives (or being "bribed" as you refer to it), some of the less busy, slower growing areas of the state would have a more difficult time landing Apple, because it's likely that not only would the demographics and type of economy that's found in the Triangle be more in line with what Apple is looking for than other parts of NC, Apple would be more receptive to the culture in the Triangle than a smaller, slower paced area of NC (which still has its pros; but unlikely to be what Apple would be looking for in its HQ2 location).
Didn't realize that he was a Duke alum, but that could mean good things for the Triangle's quest for the Apple campus.
Cook joined IBM straight out of college (Auburn) and spent 12 years there. I believe most if not all of those IBM years were spent at RTP, but at a minimum it was enough that he was able to get his MBA from Duke in the evenings.
San Francisco just cant grow anymore without high rises and thats impossible in most cases .Geography and earthquakes limit the growth in that area and its where allt hese problems are coming from, even oaklnad is facing massive rent hikes and anger and that could be alot more violent, not to metntion nimbyism
Quote:
Originally Posted by SFspiderman
Cook joined IBM straight out of college (Auburn) and spent 12 years there. I believe most if not all of those IBM years were spent at RTP, but at a minimum it was enough that he was able to get his MBA from Duke in the evenings.
I have had stock for apple since I bought my first mac , I hate to say it but Apple has never sold more than it has under Cook’s watch, he may not be as exciting as steve jobs but cook has grown Apple into a company with around $600 billion in market capitalization
Capital Blvd, I understand exactly what you're saying, and unlike some of the other posters, I see nothing wrong with pointing this out. While there would be an upside with the economic growth and job creation, it's not unreasonable to point out some downsides.
The Triangle area's economy has been in high demand as it is even currently, and it's been difficult for the infrastructure (roads, schools, etc.) to catch up. There's also been ever increasing pressure on home prices, which makes it difficult for people who aren't fleeing and selling homes in areas where the prices are $500/SF and property taxes are over a thousand dollars a month for a small home. That skews perception and makes the Triangle seem "cheap" in comparison, but affordable housing has become a bigger and bigger issue in the area, as you point out. As a side note, the snooty, condescending comment someone made about being priced out of a "tinderbox" was uncalled for, as many people who faithfully serve more affluent people and make their lives easier (such as first responders, who serve everyone, including those who look down on those who live in less expensive homes than their own) work very hard for those so called "tinderboxes" that they call home.
Beyond that, if the state is offering incentives (which definitely have their downsides), the state has a policy interest in incentivizing development in areas that aren't as "hot" or economically advantaged as the Triangle in terms of being economically advantaged. If state tax dollars are being spent on incentives, and the playing field isn't at least somewhat leveled to give a higher priority to areas that are already fighting a David and Goliath kind of fight with the Triangle (along with Charlotte), then people in the slower growing areas end up subsidizing growth in very limited areas (Tier 3 counties shown on the link below). And typically in areas that are already overburdened in terms of infrastructure.
With all of that said, it's a Catch 22 because even with incentives (or being "bribed" as you refer to it), some of the less busy, slower growing areas of the state would have a more difficult time landing Apple, because it's likely that not only would the demographics and type of economy that's found in the Triangle be more in line with what Apple is looking for than other parts of NC, Apple would be more receptive to the culture in the Triangle than a smaller, slower paced area of NC (which still has its pros; but unlikely to be what Apple would be looking for in its HQ2 location).
Thanks.
Happy to see someone who sees both sides of growth.
You are so right.
This area is already overburdened and is too stupid to understand the need for rail transit and for concentrating work areas. Years ago, a rail system was laid out and then abandoned. The state legislature is just too stupid to understand that roads will not support large growth.
Bringing more needs by bribing companies to come here is plain ignorant.
I’ll agree that more rail is better, but the reason the rail system from years back didn’t happen was not because it was abandoned per se, but because they submitted one year after Charlotte did and the rules changed, and it did not meet the standards to receive federal money. Had Charlotte also submitted the same time the Triangle proposal went in, they would have been rejected also as areas like here and there always do poorly on scoring of rail, since they are so spread out. Once it goes in, development patterns start to change and people realize it is a good thing. Definitely sucks they couldn’t get the various city councils to get on the ball to approve the local contributions in time to submit the year earlier.
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