50 States H2 2022 GDP: FL surpasses TX in Dollar Growth (cost, better, comparison)
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Wasn't sure when it happened, but good for IL passing $1T GDP despite population losses. Seems to be widening the gap between IL and PA economically despite the population doing the opposite.
This is kind of what throws me off Economic growth in Massachusetts is on par or better than most sunbelt states (sans FL). It’s housing market remains robust and we are suppose to believe the population is declining?
This is kind of what throws me off Economic growth in Massachusetts is on par or better than most sunbelt states (sans FL). It’s housing market remains robust and we are suppose to believe the population is declining?
Seems like the numbers conflict
MA to a sunbelt state is an apples to oranges comparison. MA is a small and very urban state. TX for example is a massive state geographically much of which is made up of rural areas that aren't doing particularly great economically. The Texas Triangle alone (the small "urban" subset of Texas!) is 6x bigger than Massachusetts, geographically. That major coastal cities are growing quickly economically even without population growth is hardly limited to MA, we see that in a number of places.
This is kind of what throws me off Economic growth in Massachusetts is on par or better than most sunbelt states (sans FL). It’s housing market remains robust and we are suppose to believe the population is declining?
Seems like the numbers conflict
None of the bolded matters if the people moving into the state are wealthy and single....and thousands of families are moving out due to the increased desirability.
A large segment of MA can float above the general ineffectiveness an opaqueness of state government less-than-housing stock. Most families and lower middle class cannot though. There was already a lack of housing and the cost to build only rises.
MA to a sunbelt state is an apples to oranges comparison. MA is a small and very urban state. TX for example is a massive state geographically much of which is made up of rural areas that aren't doing particularly great economically. The Texas Triangle alone (the small "urban" subset of Texas!) is 6x bigger than Massachusetts, geographically. That major coastal cities are growing quickly economically even without population growth is hardly limited to MA, we see that in a number of places.
Not only that but as another user pointed out, it’s a super wealthy state. I think the second or third wealthiest in the country? It doesn’t really have much in common with Texas. So the numbers here don’t surprise me.
Solid growth for CA, FL, GA, WA, MA, TN, AZ, OR, SC, NV, UT, HI, DE and RI. All of these states grew over 4% during the highlighted time.
Last edited by cdw1084; 04-03-2023 at 12:15 PM..
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