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Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,138 posts, read 16,047,399 times
Reputation: 4047
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Quote:
Census figures for 2009 — the recession-ravaged first year of the Democrat's presidency — are to be released in the coming week, and demographers expect grim findings
1. Modesto, California
2. Detroit, Michigan
3. Cape Coral- Fort Myers
4. Los Angeles, California
5. Las Vegas, Nevada
US poverty on track to post record gain in 2009 - Yahoo! News (http://news.yahoo.com/s/ap/20100911/ap_on_bi_ge/us_poverty_in_america - broken link)
Come on... can things really be this bad in these areas for them to be predicting things like this?
1. Modesto, California
2. Detroit, Michigan
3. Cape Coral- Fort Myers
4. Los Angeles, California
5. Las Vegas, Nevada
US poverty on track to post record gain in 2009 - Yahoo! News (http://news.yahoo.com/s/ap/20100911/ap_on_bi_ge/us_poverty_in_america - broken link)
Come on... can things really be this bad in these areas for them to be predicting things like this?
Not a surprise...4 of these cities have been hard-hit by the housing crisis because they had a big housing boom...For Detroit it's like since some decades, it's just a little bit worse !
The problem is LA, it's a very big city, it's not good for the US to have this city in very bad shape.
Las Vegas will recover I'm sure about that, it's a very competitive city (low taxes, not many regulations) and before the crisis the city diversified its economy but it was too late..This diversification will continue.
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
10,138 posts, read 16,047,399 times
Reputation: 4047
Quote:
Originally Posted by RenaudFR
Not a surprise...4 of these cities have been hard-hit by the housing crisis because they had a big housing boom...For Detroit it's like since some decades, it's just a little bit worse !
The problem is LA, it's a very big city, it's not good for the US to have this city in very bad shape.
Las Vegas will recover I'm sure about that, it's a very competitive city (low taxes, not many regulations) and before the crisis the city diversified its economy but it was too late..This diversification will continue.
Yeah the problem was, Las Vegas stepped into diversifying its economy from tourism to more tech based right before the economic crisis. Meaning that when the crisis hit, it still wasn't good enough because the hardest hit areas in the economy were housing (Las Vegas's strong point) and tourism (Las Vegas's trump card).
Meaning that the very little influence tech and other sectors played wasn't enough to help it.
Las Vegas has no choice at all left besides diversifying its economy. But the problem is, just like Detroit, when you try to diversify your economy after getting hit this way, it becomes harder.
It is like a person going from 180 lbs to 235 lbs in 5 months, losing that weight just becomes harder, and its something many can't ever lose again because of the extreme measures.
Las Vegas in general, as long as they keep trying at it will be fine.
Detroit is showing some positive signs, thats a good thing.
Los Angeles, I don't know to be honest. I think they are also trying to diversify economy, and hopefully that works out.
Modesto, I don't even know of that place. So I cant say what industries are prominent there.
Cape Coral, same as Modesto, I don't know it well enough.
I have seen parts of chicagoland that 15 years ago were peaceful alive communites and have now turned into poverty stricken neighborhoods with wannabee gangs running around.
I have seen parts of chicagoland that 15 years ago were peaceful alive communites and have now turned into poverty stricken neighborhoods with wannabee gangs running around.
Poverty STRICKEN? Oh really? Give me examples. I ask because I have the funny feeling you're talking about areas close to my neck of the woods.
If "poverty" is just your word for "black people" then yeah, they're stricken. Just because a large percentage of the white people fled doesn't mean the "life" is gone.
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