Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
What does diversity have to do with the economy? Nothing at all.
Indirectly it has a lot to do with the way people view their work environs. It also contributes greatly to job retention. Diversity is an asset in the workplace and it fosters greater understanding among employees of all cultures. That's why people who live in big cities are more well rounded from a cultural stanpoint than people living in rural areas.
Land prices are high in SF, SD and LA because of building restrictions NOT desirability.
California has a decade long population OUTFLOW problem.
Get serious!
That's ridiculous. Lol@ building restrictions. Please.
All of the building restrictions in the world can't be responsible for the housing prices in California's Metro's.
San Francisco, San Diego, and Los Angeles are simply more attractive than Birmingham, Mobile, Huntsville, and Montgomery. Sorry for delivering that fact to you. Alabama is a southern, muggy dump. Not desirable in the least for anyone but natives, and people needing to move there for jobs. No one chooses to move to Alabama because they've always wanted to live there. Get real.
California on the other hand? Yea....i don't need to say anymore because you already know.
Indirectly it has a lot to do with the way people view their work environs. It also contributes greatly to job retention. Diversity is an asset in the workplace and it fosters greater understanding among employees of all cultures. That's why people who live in big cities are more well rounded from a cultural stanpoint than people living in rural areas.
You'd think that you wouldn't have to explain this.
So your going back to the late 70's to explain a collapse that started in 2007??
Fannie and Freddie didn't force the banks to lie about the income with the stated income/stated asset loans. The banks themselves did that. Those products didn't really exist other than for self employed borrowers prior to 2002 and 2003. The no income, no asset loans were not forced by Fannie or Freddie, or the government, the banks themselves did that, again something else that barely existed prior to 2002 and 2003. Option arm loans with negative ammortiation, again something that was not a product of Fannie or Freddie, not a product of the government, but rather decisions made by the banks themselves. These loans didn't exist until 2003.
There are many things that caused the housing crisis, and Fannie and Freddie certainly had their problems, but the obscure loan products that entered the marketplace starting in 2002 and 2003 which had nothing to do with Fannie, Freddie or the government played a massive role.
This is total baloney. I worked with two different mortgage lenders in the late 90s that sold off their portfolios and got out because they felt that the surge in non-conforming lending signaled a disaster in the maker. I remember old hands looking at the new regs and saying, "There's no way this is going to last."
What does diversity have to do with the economy? Nothing at all.
I was talking about a diversified economy not the diversity of the people. Diversity in an economy means it is not dependent upon one industry and instead means there are a large number and different type of companies in the state so that the economy isn't majorly effected if one industry has a difficult period. Oh, and yes, that does have a massive amount to do with how stable an economy is in the real world.
Land prices are high in SF, SD and LA because of building restrictions NOT desirability.
California has a decade long population OUTFLOW problem.
Get serious!
Clueless. Absolutely clueless. Places like LA and SF (and to a lesser extent SD) are built out, meaning there is no more big open empty open spaces left for virgin development. This has nothing to do with your imaginary restrictions and everything to do with supply and demand. Demand has outpaced supply so the market value of the land goes up. This is very basic economics which even a child should be able to follow so your inability to comprehend it tells us all we need to know about your grasp of how the market determines prices.
The reason land prices are high in SF is the same reason land prices are high in NY or London or Tokyo or any other major built out city. Lots and lots of people want it but there is no additional supply because there is no more empty places left to build on. This is why large cities start to build up with skyscrapers.
That's ridiculous. Lol@ building restrictions. Please.
All of the building restrictions in the world can't be responsible for the housing prices in California's Metro's.
San Francisco, San Diego, and Los Angeles are simply more attractive than Birmingham, Mobile, Huntsville, and Montgomery. Sorry for delivering that fact to you. Alabama is a southern, muggy dump. Not desirable in the least for anyone but natives, and people needing to move there for jobs. No one chooses to move to Alabama because they've always wanted to live there. Get real.
California on the other hand? Yea....i don't need to say anymore because you already know.
So now you're an expert on Alabama too.
Thank God we have such an expert in everything here on the board.
California's population is declining. Even the illegals are scurrying out of the state.
Meanwhile Alabama is booming. People are moving TO Alabama.
Guess they should have consulted with our resident genius (you) first, huh?
Clueless. Absolutely clueless. Places like LA and SF (and to a lesser extent SD) are built out, meaning there is no more big open empty open spaces left for virgin development. This has nothing to do with your imaginary restrictions and everything to do with supply and demand. Demand has outpaced supply so the market value of the land goes up. This is very basic economics which even a child should be able to follow so your inability to comprehend it tells us all we need to know about your grasp of how the market determines prices.
The reason land prices are high in SF is the same reason land prices are high in NY or London or Tokyo or any other major built out city. Lots and lots of people want it but there is no additional supply because there is no more empty places left to build on. This is why large cities start to build up with skyscrapers.
"Even a child should be able to follow" the fact that if there is no land left to build on then one is RESTRICTED from developing more land.
Before trying to belittle anonymous Internet posters perhaps you should consider an IQ test for yourself (or at least a reading comprehension test).
Indirectly it has a lot to do with the way people view their work environs. It also contributes greatly to job retention. Diversity is an asset in the workplace and it fosters greater understanding among employees of all cultures. That's why people who live in big cities are more well rounded from a cultural stanpoint than people living in rural areas.
So how did we manage to survive since the Industrial Revolution? I don't think this concept of "diversity" was the reason why Western nations reached the top of the pack in the world. I don't buy it.
You'd think that you wouldn't have to explain this.
It's not as cut and dry as that. You can google how diversity actually leads to the decline of community spirit. Seen it myself. I've lived in both types of neighborhoods. My hometown is like 99% Hispanic, which more than 90% of that are Puerto Ricans, our workplaces are also near homogeneous, yet we get along just fine and are satisfied with our lives For almost all of us Hispanics, knowing which god(s) Buddhists pray to, what the difference between a Sikh and a Hindu are, which countries are located in Africa and what languages they speak, does not put food on the table or a roof over our heads. So, forgive me that the most diversity I had growing up were other Hispanics moving into my city, namely from the Dominican Republic and Spain, plus the very few and far between American retiree living nearby
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
For almost all of us Hispanics, knowing which god(s) Buddhists pray to, what the difference between a Sikh and a Hindu are, which countries are located in Africa and what languages they speak, does not put food on the table or a roof over our heads. So, forgive me that the most diversity I had growing up were other Hispanics moving into my city, namely from the Dominican Republic and Spain, plus the very few and far between American retiree living nearby
