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Location: That star on your map in the middle of the East Coast, DMV
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Agreed that LA still has more room to grow. LA could one day be a 25 million CSA, which almost certainly would be over $2 trillion GDP. The Bay may stay 3rd, but behind LA's economy.
Like everyone else said, Bay area already reached it's peak while Los Angeles still has way more room to grow and is experiencing it's 2nd construction boom that was due 80 years ago.
Los Angeles will be hosting it's 3rd Olympics in 2028 and by than the transportation and metro rail system will probably be a top 3 system in America.
Remarkable that the SF CSA hasn't just grown faster in terms of GDP, it's added more $ than LA.
The numbers the region has put up this decade have been stunning.
Here are the $500B+ CSAs by growth.
2010-2018 GDP Growth
+$520.2B New York CSA
+$436.7B San Francisco CSA
+$393.4B Los Angeles CSA
+$181.7B Washington CSA
+$178.5B Dallas CSA
+$178.0B Chicago CSA
+$177.3B Boston CSA
2010-2018 GDP Growth by Percent
+73.36% San Francisco CSA
+50.85% Dallas CSA
+43.65% Los Angeles CSA
+36.93% Boston CSA
+35.12% New York CSA
+33.69% Chicago CSA
+30.35% Washington CSA
Yeah, the 2028 Olympics will definitely help LA. When you add that factor into the 2020s, there will be some extreme developments underway including transportation developments and sustainable development that will bulk up the valley.
Not only that, but the Bay Area has added 3 MSAs since 2010 with 1.5 million people-more than any other CSA, and will continue to add as many areas necessary to meet our housing needs. Im not saying it's a good thing but it is what it is.
Also, this notion that the Bay Area has no room to grow while LA apparently has endless land to expand, is preposterous. The LA Urban Area is completely built out, just like here, and will only develop at this point, through infill.
The fact is, tech now reaches into every other industry and that buffers the Bay Area immensely from the huge crash everyone thinks we deserve. Of course no one has a crystal ball lol
I agree. San Francisco has pretty much maxed out, similar to New York City. I think SoCal (especially San Diego) has a lot of room to grow. San Francisco is a pitty of it's own zoning laws.
San Diego definitely has room to grow...vertically. There will be very limited sprawl into the future as the region has reached horizontal build-out, hemmed in by mountains/forest, Mexico, and Camp Pendleton. Fortunately, the many cities of San Diego County are planning for density.
The City of San Diego in particular has been approving massive increases in density in strategic areas. Mission Valley, which is already built out as low-to-medium density sprawl has a new community plan that will allow an additional 28,000 units, or 50,000 new residents. That's an increase of 248% over the existing population. City officials are also increasing housing density by the tens of thousands in other neighborhoods, notably areas served by transit. The city is also removing parking requirements near transit and potentially eliminating height limits as well.
I anticipate San Diego to take on a form similar to Vancouver, but likely less high-rises.
IFirst of all, NYC has a much bigger core than SF. Second, NYC is a global leading city that excels in multiple industries(even in tech industry that San Jose/Silicon Valley is most proud of, Brooklyn is catching up to become the second Mountain View)
The second Mountain View? LOL
The only NYC start up in the past decade that I can think of that ever had a chance of being 'Mountain View' is WeWork, but that company is now in retreat.
What else ya got?
Quote:
and NYC is also our country’s greatest city, SF is no where near the influence and leadership of NYC.
Okay Boomer.
2010-2018 GDP Growth
+$520.2B New York CSA
+$436.7B San Francisco CSA
2010-2018 GDP Growth by Percent
+73.36% San Francisco CSA
+35.12% New York CSA
Quote:
Third, SF the city itself has already been maxed out big time horizontally while its population is increasing rapidly, so the only way SF can deal with this is to go vertical. But unlike NYC, everyone knows that SF has a risk with earthquakes, so how high it can go nobody knows.
The fact that people always, and I mean **ALWAYS** drag NYC into a thread about the Bay Area, says everything we need to know.
Not only that, but the Bay Area has added 3 MSAs since 2010 with 1.5 million people-more than any other CSA, and will continue to add as many areas necessary to meet our housing needs. Im not saying it's a good thing but it is what it is.
Also, this notion that the Bay Area has no room to grow while LA apparently has endless land to expand, is preposterous. The LA Urban Area is completely built out, just like here, and will only develop at this point, through infill.
The fact is, tech now reaches into every other industry and that buffers the Bay Area immensely from the huge crash everyone thinks we deserve. Of course no one has a crystal ball lol
Yeah I don't really get that either. Expanding out in the high desert or Inland Empire isn't much different than Stockton/Tracy/Modesto or Solano County. Infilling in the LA basin faces the same regulatory and NIMBY hurdles the Bay Area does too for the most part.
Yeah I don't really get that either. Expanding out in the high desert or Inland Empire isn't much different than Stockton/Tracy/Modesto or Solano County. Infilling in the LA basin faces the same regulatory and NIMBY hurdles the Bay Area does too for the most part.
I was going to say that metro L.A. is considerably denser than metro S.F. and that the whole "but L.A. has room to expand" is yet another triumph of feelings over facts on here.
However, going by CSA, I think the Inland Empire gives L.A. an advantage as it appears to be a more powerful region (that does have room) than inland Bay Area.
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