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Texas and Houston are MORE THAN OIL for God's sake.
No metro area is only one industry. The Bay Area is more than tech. NYC is more than Wall Street. Detroit is more than the auto industry. DC is more than govt. But it would be incredibly foolish to think that Houston wouldn't be negatively impacted by a long-term energy slowdown.
Quote:
Originally Posted by SouthernBoy205
Also, Hispanics aren't the only minorities that get pregnant! Ask the Africans that have a plethora of kids in Houston.
Mexicans in Houston outnumber Africans 20-to-1. Texas has, easily. the highest birth rate among large states. It would be foolish to ascribe Houston's population growth to Africans instead of Mexicans.
So according to you, the beauty of the Bay Area is dependent on the tech industry? According to you, the mountains and bridge and redwoods and climate are better in good economic cycles, and that's why people move to SF?
No, you're simply a (completely ridiculous) homer. The Bay Area's natural assets have nothing to do with economic cycles. The weather isn't sunnier in economic good times. The mountains aren't higher. The redwoods aren't grander. People move to places for jobs, which is why Houston is the #1 job market in the U.S. and why (absolutely gorgeous, perfect COL) places like Santa Barbara have very weak job growth.
Boom-bust cities are never as good as they look in the good times and never as bad as they look in the bad times. The Bay Area had higher unemployment than Detroit back in 2003. Does that mean it had a worse economy? Of course not. The Bay Area was just as beautiful back then. Similarly, now at the peak of a boom, it makes no sense to assume current trends will last.
No metro area is only one industry. The Bay Area is more than tech. NYC is more than Wall Street. Detroit is more than the auto industry. DC is more than govt. But it would be incredibly foolish to think that Houston wouldn't be negatively impacted by a long-term energy slowdown.
Mexicans in Houston outnumber Africans 20-to-1. Texas has, easily. the highest birth rate among large states. It would be foolish to ascribe Houston's population growth to Africans instead of Mexicans.
I think he was talking about Africans. He was talking about the diversity of the Houston area.
Them Texas Africans be having 500 kids per family every year I tell ya!
Be warned, with that TFR of 100,000 the whole planet will be comprised of Texas Africans in 20 years!
Why are you guys doing? Standing around, not having kids to improve the growth rate of your areas. Tsk tsk. I feel like a failure for not having 4 kids at 25 :/
Also, what is causing Chicago's slowdown? Sort of out of the left field is it not? The place cooled from last year and I cant tell why that happened.
It doesn't look like there's one primary reason. It just sort of happened. Job growth has increased in the last 12 months though, so we'll see if things change in the future.
Although our looming pension crisis is no financial joke.
It doesn't look like there's one primary reason. It just sort of happened. Job growth has increased in the last 12 months though, so we'll see if things change in the future.
Although our looming pension crisis is no financial joke.
Illinois has the worst population loss in the nation, and the worst credit rating in the nation. It isn't surprising that Chicagoland, which comprises most of the state's population, isn't doing particularly well.
Illinois has the worst population loss in the nation, and the worst credit rating in the nation. It isn't surprising that Chicagoland, which comprises most of the state's population, isn't doing particularly well.
While most definitely a major issue that's going to plague the state for years to come, how many transplants who are moving some place for a job are actually looking at such things? Very few, especially if we're talking recent college grads. Unemployment is down, and job growth is up in Chicago, so unless the bottom falls out on that, Chicago should be able to attract more transplants than it did from 2013-2014 in the near future.
The state's and the city's financials also hasn't seemed to scare away companies that have been relocating to the Loop in the past few years.
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