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.
No big city is really going to end up like Detroit, at least not in the same pattern. Like a lot of others have said, Detroit was a 1 industry titan and when the industry had a massive shift, the city couldn't react fast enough to adapt.
It'd be like if San Jose lost its tech industry or if Houston lost their energy companies or if banks started leaving NYC. All scenarios seem very unlikely in the near future.
I doubt Atlanta. Atlanta still has a lot of draw to the city due to the diversified economy, low cost of living, and generally good weather. I am actually moving there next month...... They need to get their taxes in order though. Georgia has bad taxes compared to a lot of the other good places that people are moving too in large numbers. This could deter businesses and people from moving there.
St Louis Missouri, Toledo Ohio, Youngstown Ohio, Akron Ohio and Buffalo NY.
Yup. Pretty much all of those. lol. The Great Lakes regions are just.....bad! I think that with its rapidly declining population Chicago is at risk too.
Money is on Baltimore. It's dangerously close to Tamar Jacaboy's tipping point.
Baltimore is an awful city BUT its economy is heavily concentrated in biotech and medicine (JHU) so the city should be able to shield itself from further economic decline. The city is nowhere near as bad economically as Detroit. Personally I think Detroit's decline is anomalous and it won't happen to other big cities. It will happen in smaller cities such as Gary (where it has already happened) but not to major cities.
As soon as the fire hose of printed money gets turned off, there will be dozens like Detroit.
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.
