Will Northeastern cities ever see another economic boom? (how much, new home)
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Most Northeastern cities (if not all) have had their boom days back in the 50's and 60's, and even earlier in the 1800's. But now it seems that growth is slower than the U.S. average. Most of today's growth is occurring in the sunbelt (i.e. Atlanta, Charlotte, Dallas, Phoenix, etc.). But how much longer before the sunbelt growth plateaus and slows down dramatically? Are economic booms cyclical? Will we ever see more rapid growth, new construction and expansion in any area of the Northeast ever again? Or is it permanently over?
The 50s and 60s were boom times for Northeastern cities? In a relative sense, it was a time of decline, though not as severe as the 70s. I expected slow, steady growth in the future, not dramatic booms (or downs).
As you've mentioned, there is the phenomenon of "plateauing." The northeast is already the most densely populated region of the United States by a substantial margin. So, it's only expected that the it won't grow as fast as other regions.
Even so, if you're counting the D.C. area as part of the northeast, then that has been growing substantially over the past decade and began to slow down only recently. I predict that the northeast will continue to have moderate growth while the sunbelt will continue to fill in its gaps in population but eventually slow down as capacity nears.
all booms eventually die off or slow down considerably. Gold rush of california and the west, The boom of the rust belt cities in the 1900's they are all the same. Eventually booms die out or slow down a ton. The southeast and southwest will eventually get less people to move their as taxes increase, less land is available and congestion occurs. Oil will become more scarce and water will start to be low causing millions wanting a new home. then they will discover the northeast and midwest have cities built for density, cooler and more bearable weather and more water along with lower taxes. Soon people will move back to the midwest and northeast.
I actually seriously believe that people are taught to dislike cooler weather. The older I get, the less tolerant of heat I become. I can't imagine living anywhere in the South anymore. The heat is just too persistent and draining on a daily basis. Don't get me wrong...I still love hot weather, but not if it's like 8+ months of the year.
Notheast is more expansive and colder... No surprise people are not moving there in such big numbers anymore
The demographics in the Northeast are more mature than most areas of the US so growth would naturally be slower as too much of the US economy is dependent on consumer spending and constant growth in that regard.
I actually seriously believe that people are taught to dislike cooler weather. The older I get, the less tolerant of heat I become. I can't imagine living anywhere in the South anymore. The heat is just too persistent and draining on a daily basis. Don't get me wrong...I still love hot weather, but not if it's like 8+ months of the year.
I'm loving the south right now. I'm in Augusta, where it's 80° and sunny compared to 40° and currently raining in back Baltimore. All of the parking is free in downtown Augusta also.
I'm loving the south right now. I'm in Augusta, where it's 80° and sunny compared to 40° and currently raining in back Baltimore. All of the parking is free in downtown Augusta also.
I wonder why?
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