Will Pittsburgh be a bust? (Braddock, Penn: real estate, live, costs)

[gg]

Five Places Where the Bubble May Burst - Yahoo! Real Estate

[Hopes]

They almost had me until they pointed to Braddock Hospital as some sort of proof.

UPMC isn't going anywhere. You know, I almost wish it would. The monopoly isn't healthy.

But I think Pittsburgh has a diverse enough industry to do fine.

We'll only bust if we experience a housing boom due to the drilling.

By the time that busts, I doubt I'll be retired becasue they say the drilling will go on for decades and decades.

[gg]

Originally Posted by Hopes

We'll only bust if we experience a housing boom due to the drilling.

By the time that busts, I doubt I'll be retired becasue they say the drilling will go on for decades and decades.

I am going to predict the drilling will be short lived. It is a matter of time before some big accident happens and all of a sudden everyone is trying to get clean water. I don't think people are going to like that situation much. Fracking is a disaster waiting to happen, but a few people will make lots of money creating the dead zones.

Pittsburgh seems to love monopolies. Giant Eagle and UPMC. Not good for the consumer.

[I_Like_Spam]

Originally Posted by h_curtis

I am going to predict the drilling will be short lived. It is a matter of time before some big accident happens and all of a sudden everyone is trying to get clean water.

Fracking is a new industrial procedure, and accidents are going to happen.

Steamboat and train accident, steel mill accidents, all of those things were a lot more prevalent when those technologies came on line.

I suppose that there will be some pressure to abandon natural gas drilling when the inevitable accidents happen.

But that wouldn't be the wise response if we're going to have progress. I would hope they would work hard to make gas exploration and drilling as safe as possible instead of just abandoning the idea.

[Tinare]

UPMC may be the largest employer, but it's far from the only game in town. And if, by some chance they suddenly went belly up it would likely hurt some, but we're not talking collapse of the steel industry time here. People will still be getting sick, some employer would need to fill the void. It's not like you can off-shore healthcare. (At least not at this point. Maybe some day robot nurses will be administering care to patients as ordered by doctors monitoring them from India...)

[Hopes]

Originally Posted by Tinare

It's not like you can off-shore healthcare.

Curitis thinks you can! Right, Curtis?

Sorry, I couldn't resist. Carry on.

[SlurmsMcKenzie]

Originally Posted by Hopes

UPMC isn't going anywhere. You know, I almost wish it would. The monopoly isn't healthy.

Which is why the news of an impending Highmark takeover of West Penn-Allegheny has me so excited, especially if they can bring in a major national player to run the system (Cleveland Clinic, Mayo, etc...). UPMC will probably always be tops in the region but they need a REAL competitor to drive down costs and hopefully extend coverage.

[gg]

Here is a list of the top 7 employers in Pittsburgh. UPMC is really huge.


Top 7 List: Pittsburgh's Largest Employers | Pittsburgh Business Times

[gg]

Originally Posted by trlstreet

Which is why the news of an impending Highmark takeover of West Penn-Allegheny has me so excited, especially if they can bring in a major national player to run the system (Cleveland Clinic, Mayo, etc...). UPMC will probably always be tops in the region but they need a REAL competitor to drive down costs and hopefully extend coverage.

One can only hope. I have to go out of town if I need any medical attention. No one can afford UPMC.

[airwave09]

Pretty subjective and clueless article, but that's basically what you can expect from these "5 best" or "10 mist likely" lists from national publications.