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Than why are the middle class leaving NYC, and why is the middle class declining in NYC? If Middle class people are doing better because they don't need to drive, why is the middle class going down the tubes here? Gosh if I had an Ivy League degree, I would not think about such correlation. Texas is the new California, in the next 50 years it too will go bust like California. NYS and NYC also went through it was well.
Texas will not go bust.
You just want it to.
you're hoping and wishing it does, having orgasms and jumping for golly joy that it does. Just like you want New York to gentrify 50 times over.
You are jumping for a kid like cake and candy for the beautiful land of the Lone Star to break.
Texas is dirty cheap, even middle class Chinese from china can afford it. I am sure people in the fly over states would be shocked at discovering what people in the projects pay for public housing. I would add FHA plays an important role in affordability, it is much easier to live in texas given all the properties that qualify for purchase for as little as 3.5% down payment.
Texas is dirty cheap, even middle class Chinese from china can afford it. I am sure people in the fly over states would be shocked at discovering what people in the projects pay for public housing.
They would not be surprised. People also forget clothing, food, and lots of other expenses are actually higher there than other parts of the country.
Much of the south is cheap, including Texas.
A lot of it IS DIRT literally...like dirt roads and all.
The Chinese are buying up everywhere, including Canada, Africa, and Latin America. Nothing new.
Who ever wants Texas can have it.
They'll be eating Texas booty like groceries while New York remains the core financial center of the U.S.
This is only significant for people who work in finance, and increasingly not even them.
People with the more significant positions are working virtually and living elsewhere - by choice.
As a family we are becoming an exception. Those employers, and increasingly institutions, will pay for people to come to New York whenever they want.
I have a theory that New York as real site will be left for interns and people-in-training, excepting Columbia. Which was always kind of an island.
This video explains NY, California and Texas, and how which one of these states can be a model for economic development for the rest of the country. So far those on this agreed that NY fell off. As for California in my opinion, its saving grace is the tech industry in the Bay Area which is helping to create the future. When I turn old, I would eat my Will and Testament if Florida passes the state of NY economically which also includes NYC.
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Texas is the new California, in the next 50 years it too will go bust like California. NYS and NYC also went through it was well.
