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I suppose there are a few advantages, mainly from less people and less demand.
- Less traffic.
- Less competition in the job market.
- Cheaper land/housing, you get more for less money.
- Most things are less crowded in general.
Things like that. Still I would like to see my area Cleveland/NE Ohio growing in population rather than shrinking.
It's not at all. It's not booming (population) like the sun belt cities, but it's a great city. I think it probably has one of the best looking downtowns I've ever seen.
Well infrastructure is usually more adequate, in general, in a stable metropolitan area......lower cost of living....... Here in Florida we have portable classrooms in trailers for example because of the burgeoning population.
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.
You won't have to worry about the job market not being able to meet the demand, and you'll worry less about a possible foreclosure crisis. (living in a shrinking metro)
Pittsburgh is nice. I'll throw in Providence and Buffalo as well.
As someone who has lived in San Antonio and Austin...among others...growth isn't always pretty.
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