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Atlanta, GA
Austin, TX
Baton Rouge, LA
Boise, ID
Boston, MA
Columbia, SC
Columbus, OH
Denver, CO
Lansing, MI
Lincoln, NE
Madison, WI
Minneapolis/St. Paul, MN
Nashville, TN
Oklahoma City, OK
Phoenix, AZ
Providence, RI
Raleigh, NC
Salem, OR
Tallahassee, FL
Trenton, NJ
Each of these metropolitan areas has both a state capitol building and a major university.
Definitely a good consideration. I'd add Sacramento then as well. Sac State isn't the greatest university, but UC Davis is within the Sacramento MSA. It's only like 15-20 minutes to Sacramento.
Cities that have colleges will suffer because schools are either cancelled or online. Lots of campus staff will be laid off or furloughed indefinitely.
Cities that have colleges will suffer because schools are either cancelled or online. Lots of campus staff will be laid off or furloughed indefinitely.
That's not true. While, there might be some, as long as online classes are being offered, all support staff will still be necessary whether it's IT, HR, Admissions etc..
Diversity doesn't mean anything. Chicago has one of the most diverse economies in the country and yet is still affected moreso than others. Actually Chicago is interesting because the way the economy is set up usually is on a delay from other metro as far as being hit and/or recovering from a recession. I wish I could find the article, but there was an economist from the Federal Reserve talking about it a few months ago.
Each recession is kind of different, so it's hard to just put a blanket statement on things. Last recession metros like DC and SF (and a few others) were better than others.
I know this was true during the recession. Chicagoland housing didn't burst until late, and didn't trend back upward until late. Chicagoland faired poorly post recession, to put it kindly.
I have a feeling that it will do better this time around.. Not good, but better. Unlike in 2007 when homes were wildly inflated for the areas true market value, housing values around Chicago seem a bit more "realistic" now. Outer ring suburbs are cheap, inner ring suburbs have gotten back to pre-recession values, and wages have increased (not at the rate of inflation, but). Desirability to be within close proximity to Chicago will remain in relatively high demand, and because the outer ring never made a resurgence, it will remain cheap. At least the folks that bought in 2016 in the outer ring towns didn't pay tremendous amounts only to see this crash devalue their properties by 50%+ (like in 2007).
the cities with the least inflated home values, usually the Midwest
But it has to be a Midwest city with a strong economy. So Chicago with its massive and diverse job opportunities plus low housing costs will likely do well. Maybe cities like Minneapolis, St. Louis, Milwaukee, etc. But the smaller cities in the Midwest, regardless of their housing costs, will not do that well when they don't have the jobs needed.
but in a recession, Government spending goes through the roof.
They're about to pass a $2 Trillion Bill.....
No, that $2 trillion is not being spent on federal govt expansion in DC, which is how DC's federal gdp grows--that $2T is going directly to the American people and to businesses.
This president has slashed spending in every dept except defense so I wouldnt look for tax money to be raining in DC like in times past.
No, that $2 trillion is not being spent on federal govt expansion in DC, which is how DC's federal gdp grows--that $2T is going directly to the American people and to businesses.
Just gotta put where the emphasis will be. Open ended quantitative easing is probably going to eat at the value of those checks via inflation. The government shouldn't be in the business of bailing out private investors though. If those investors made bad decisions, let them fall.
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