Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (52491)	8/21/2004 6:33:12 PM
From: energyplay	Read Replies (3) of 74559

Much of the US now goes from one suburb to another, not into a City. One exceptional moment during the dot com boom there was a trend to get a place in San Francisco near the freeway and drive down to Silicon Valley. Most families will not buy into the city because the schools stink. Crime is another factor. The are only a few viable downtowns in the US- very rich cities- new york boston chicago san francisco very white or asian cities- seattle portland san diego might make this list minneapolis maybe also. sacramento, california might work. Everywhere else, the new companies & good jobs are outside the city core. One way of looking at this development was that many people and businesses effectively rejected the 1964 Civil Rights Act by moving away from any potential problems. This was not as much of a driver in Oregon or Washington. The very rich cities are heavily dependent on 1) finance 2) tourism 3) luxury goods and services. So they are hostage to the stock market. Might be a good strategy for Canada or Europe, or selected cities.

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