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Old 04-21-2011, 06:15 AM
 
Location: A fictional reality
30 posts, read 29,460 times
Reputation: 33

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Quote:
Faster metropolitan growth rates are associated with lower incomes, greater

income declines, and higher poverty rates, according to a study by Eben Fodor

(pdf) for Fodor and Associates. The study finds that the 25 slowest-growing

metro areas outperformed the 25 fastest growing in every category and

averaged $8,455 more in per capita personal income in 2009.




Most cities in the U.S. have operated on the assumption that growth is

inherently beneficial and that more and faster growth will benefit local

residents economically. This examination of the 100 largest metro areas,

representing 66% of the total U.S. population, shows those that have fared

the best have the lowest growth rates. Even metro areas with stable or

declining populations tended to fare better than fast-growing areas.

(...)
Google:
Fast metro growth=lower incomes - Houston Tomorrow

Aww, poor newbie can't post links.


Anyways, I thought it was interesting, wondering what this well-educated, highly articulate group thought.
Certainly flies in the face of most Texas media, doesn't it?
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Old 04-21-2011, 07:25 AM
 
Location: Cleveland bound with MPLS in the rear-view
5,530 posts, read 10,539,576 times
Reputation: 2405
No shock to me...I've been saying this forever. With everyone fighting for a limited number of resources, it's no wonder there is less to go around (money, in this case).
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Old 04-21-2011, 08:27 AM
 
Location: A fictional reality
30 posts, read 29,460 times
Reputation: 33
It sort of flies in the face of conventional wisdom
...people 'voting with their feet' and all that.

Here's a similarly themed article:
Fastest growing U.S. metro area hit hard by recession - Yahoo! News (http://news.yahoo.com/s/nm/20110416/us_nm/us_florida_census_palmcoast - broken link)
Quote:
PALM COAST, Fla (Reuters) – As snow blanketed the northern United States this winter, city leaders in Palm Coast, Florida, sent postcards to thousands of out-of-state landowners who have not yet built homes on their piece of paradise.

"It's sunny and 76 degrees in Palm Coast," the mailers read. "What's the temperature where you live?"
The postcards highlighted the scenic trails and uncrowded beaches that helped make this coastal community between Daytona Beach and St. Augustine the nation's fastest growing metro area in the past decade, according to new U.S. Census Bureau data.

What they didn't say: Palm Coast needs a boost after getting battered by the housing bust and foreclosure crisis.

"We grew too fast," said City Manager Jim Landon. "We fell very hard, too."


OT:
Did you know there's academic debate about whether economic 'bubbles' even exist? Of course you did.
(You've probably been saying that for years too, eh? .......ha ha ha, just kidding.) Something to do with
pricing being relative to somethingerother. It's way over my head.
Economic bubble - Wikipedia, the free encyclopedia
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Old 04-21-2011, 09:21 AM
 
2,109 posts, read 5,271,123 times
Reputation: 1510
Why am I not surprised? Seems like every day there's yet another post that makes an attempt to prove why the South will ultimately fail- and of all the people saying so, they're from states that are losing people to the South.

All I can say is that my whole family lives in the South and guess what? Things are doing great down there. Sorry to burst yer' bubbles.
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Old 04-21-2011, 09:35 AM
 
Location: A fictional reality
30 posts, read 29,460 times
Reputation: 33
This was 1st posted in a Houston Newspaper.
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Old 04-21-2011, 09:38 AM
 
Location: Washington, DC NoVA
1,105 posts, read 2,019,821 times
Reputation: 776
you do know these slow growth states have the highest rates of welfare in the country? even when these fast growth areas have lower wages. News Headlines
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Old 04-21-2011, 09:41 AM
 
Location: A fictional reality
30 posts, read 29,460 times
Reputation: 33
Quote:
Originally Posted by CelticGermanicPride View Post
you do know these slow growth states have the highest rates of welfare in the country?
News Headlines
Oregon is a 'slow growth state'? That's the 1st one on your list.



Washington state is a 'slow growth state'?



New York is a 'slow growth state'?



California is a 'slow growth state'?






C'mon!!

Last edited by Here_For_The_Links; 04-21-2011 at 09:55 AM.. Reason: Slow slideshow link...
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Old 04-21-2011, 09:44 AM
 
2,109 posts, read 5,271,123 times
Reputation: 1510
Quote:
This was 1st posted in a Houston Newspaper.
... and what's that supposed to indicate? That since its being published in a Southern newspaper that its validated?
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Old 04-21-2011, 09:47 AM
 
Location: Washington, DC NoVA
1,105 posts, read 2,019,821 times
Reputation: 776
Quote:
Originally Posted by Here_For_The_Links View Post
Because there is less welfare to go around in these high growth / high poverty states?
or maybe because they realize that welfare and similar services cause states to go into massive debt and possibly on the brink of bankruptcy and people will feel less initiative to get a job?

take a look for yourself at the least and most debt ridden states in america. The Most Debt-Ridden States in America | Credit/Debt | Money/Investing | Mainstreet

and the fastest growing states in the country. http://money.cnn.com/galleries/2010/...tes/index.html
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Old 04-21-2011, 10:00 AM
 
Location: A fictional reality
30 posts, read 29,460 times
Reputation: 33
Can we stay on point fellas?


Geez...

Got anything to say about the subject at hand? Not welfare, not Southern vs Northern, Etc.


THIS article?

Quote:
While certain businesses prosper from growth, the balance of the community

seems to suffer. The statistics showing that fast-growing areas tend to have

lower and declining incomes, indicate that any gains by the businesses that

directly benefit from growth are more than offset by losses to the balance of

the local population. In other words, a small segment of the local population

may benefit from faster growth, but the larger population tends to see their

prosperity decline.




This study found that public policies and economic development strategies that

seek quantitative growth of a metro area may have short- and long-term adverse

consequences for local residents. A path of high growth today may lead to negative

consequences lasting well into the next decade. (...)


Fast metro growth=lower incomes - Houston Tomorrow



Thanks.
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