Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And the headline to this thread and the OP says 2020s, not 2023???
BTW, the likelihood of Category 5 hurricane landfall within the next decade in a major Florida metropolitan area is quite significant, let alone elsewhere on the East and Gulf Coasts.
Speak for yourself. People are willing to make sacrifices to be in some cities they would never be willing to make to be in others-that's life.
I think the point that you are missing is that this is a tiny fraction of the overall population.
Super-high income individuals looking for exclusivity will pay big bucks to live in the very HCOL areas; often times if not for anything more than perceived "prestige."
But that is not how economics work for the overwhelming majority of the population. People who want more space for themselves and especially if they have a family; are far more likely to gravitate towards areas with a more reasonable COL.
Look at the areas that are fastest growing right now and they are generally areas that have an educated population, growing tech/higher-ed/finance industrial base; with a COL that is more "middle of the pack"
"Super cheap" places are generally areas in economic distress and thus don't see much population growth. Hence the below-average COL.
So yes...indeed.... "speak for yourself" is an applicable sentiment in this scenario.
Last edited by TarHeelNick; 12-19-2019 at 09:50 AM..
And the headline to this thread and the OP says 2020s, not 2023???
BTW, the likelihood of Category 5 hurricane landfall within the next decade in a major Florida metropolitan area is quite significant, let alone elsewhere on the East and Gulf Coasts.
Depends on your definition of significant but the last Cat 5 to hit a major city was Andrew in 1992 and before that was Labor Day in 1935. Miami has gone without a landfalling hurricane of any strength since 2005. (Katrina) the last time Tampa Bay got hit by a Hurricane was also in the 30s.
Pretty much. People who are vital to certain industries are undeterred by cost of living and gravitate to where the center of activity is even if they have to rent a shoebox.
If the people are vital to certain industries, then they can afford to move there certainly, and won't need a shoebox to live in. But the COL is so bad in SF that most people and companies will take a second look and evaluate whether the move to the Bay area, or staying there, is worth it. That is why companies based in SF are now setting up second shops in cities like Chicago ( e.g. Google and Facebook who are expanding in the Fulton Market area) because they have access to Big 10 school graduates who can actually afford to live in numerous clean and nice Northside neighborhoods and in the West Loop for a fraction of the cost, and in nicer quarters, than in the Bay area.
Bay area boosters obviously have a lot to boost about, but the danger of a high COL is that people start discounting you because they don't want to make the sacrifice, unless it is a huge pay increase, to come to the area. Manhattan is suffering the same fate right now with a drop in demand, and this all eventually catches up with you. I think Boston is also in danger of losing its edge for the same reasons; unsustainable housing costs, with high rents and crap older houses that are demanding way more than they are worth.
The population of coastal areas is SURGING right now at the fastest rate in history. all over the world. Almost half of the worlds population lives within 60 miles of the coast. If you stretch it to 100 miles the number increases to 64%
Quote:
Originally Posted by WRnative
It's already happening. Read this Bloomberg article linked in the post provided in post 27.
And the headline to this thread and the OP says 2020s, not 2023???
BTW, the likelihood of Category 5 hurricane landfall within the next decade in a major Florida metropolitan area is quite significant, let alone elsewhere on the East and Gulf Coasts.
I think the point that you are missing is that this is a tiny fraction of the overall population.
No its not a'tiny fraction'. The Bay Area has nearly 700,000 households earning $200,000+ a year, only the NY Tri-State has more.
Quote:
Super-high income individuals looking for exclusivity will pay big bucks to live in the very HCOL areas; often times if not for anything more than perceived "prestige."
San Francisco is the highest ranked top 10 metro economy as far as quality of life, in the country.
Quote:
Originally Posted by 18Montclair
US News & World Report evaluated the 125 largest Metro Areas looking at all sorts of factors:
The Top 20
1. Austin, Texas
2. Denver, Colorado
3. Colorado Springs, Colorado
4. Fayetteville, Arkansas
5. Des Moines, Iowa
6. Minneapolis-St. Paul, Minnesota 7. San Francisco, California
8. Portland, Oregon
9. Seattle, Washington
10. Raleigh & Durham, North Carolina
11. Huntsville, Alabama
12. Madison, Wisconsin
13. Grand Rapids, Michigan
14. San Jose, California
15. Nashville, Tennessee
16. Asheville, North Carolina
17. Boise, Idaho
18. Sarasota, Florida
19. Washington, D.C.
20. Charlotte, North Carolina
I get your point, I'm only saying that in the grand scheme of things it's still a drop in the bucket, honestly.
Quote:
Originally Posted by TacoSoup
I’m not so sure about that?
“More than 90% of the country's growth in "innovation sector" jobs between 2005 and 2017 have taken place in just five cities: Boston, San Francisco, San Jose, Seattle and San Diego.”
But even with Apple, Facebook, Amazon and Google (arguably the largest and most prominent tech companies in the world) going on massive hiring sprees in NYC, it still is nothing compared to the amount of tech jobs they have in The Bay Area. So as I said, as long as tech plays an essential role in our current economy, The Bay Area will continue to grow and be a prominent area where people pay to be close to the epicenter of tech.
But even with Apple, Facebook, Amazon and Google (arguably the largest and most prominent tech companies in the world) going on massive hiring sprees in NYC, it still is nothing compared to the amount of tech jobs they have in The Bay Area. So as I said, as long as tech plays an essential role in our current economy, The Bay Area will continue to grow and be a prominent area where people pay to be close to the epicenter of tech.
If you think the Bay Area will continue along like nothing negative is impacting the area, I'll have to disagree. Have you been there lately? It not only has a huge homeless problem, parts of it smell like the bathroom some of the streets are. I can't imagine anyone choosing to live amongst that. Different standards, I guess. It can't, and won't, I don't believe, continue along like nothing's wrong in "paradise."
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Climate Exodus?
