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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: Riskmgmt who wrote (2339)7/9/2014 12:20:41 PM
From: tejek  Read Replies (1) of 2722
 
It too brings up a reason perhaps for the resurgence of metro areas that we have not considered the creative ambience, being close to other creative innovative minds. In the big Capital cities maybe rubbing shoulders with the movers and shakers and the power brokers.

You've got to remember that in most countries of the world, cities are considered the ultimate prize; not their suburbs. Land in those cities tends to get more expensive the closer you get to the center. You don't get to downtown Paris and find it pockmarked with parking lots everywhere. The land is too valuable for parking. Its the American ambivalence towards its cities coupled with our racial problems and racial politics that have made our cities pretty unappealing. Fortunately, that seems to be changing.
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