SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (803219)8/21/2014 3:03:42 PM
From: FJB  Respond to of 1577909
 
<span style="font-size:1.3em;">There are zero states where the percentage of people employed has gone up since the recession</span>

From 2007 to 2014, the employment rate among 25- to 54-year-olds has declined in the United States by 3.5 percent, and no state reported employment gains during that time, according to data released by the Pew Charitable Trust on Tuesday.

The state with the largest decline is New Mexico, where 9.2 percent fewer people are employed today than they were in 2007. Vermont and Nebraska had the smallest decline, both less than 1 percent, and 19 other states had declines that were determined to be not statistically significant.

The study used data from the U.S. Bureau of Labor Statistics and the U.S. Census Bureau and concluded the employment-to-population ratio for prime-age workers is weak and poses problems for states’ budgets as income from sales and business tax is down and costs for services like Medicaid are up.

map at link ...

washingtonpost.com



To: Tenchusatsu who wrote (803219)8/21/2014 7:40:26 PM
From: SilentZ  Read Replies (1) | Respond to of 1577909
 
>I don't know how much development is going on in NYC

TONS. Way more than I could've believed. But little of it is affordable. Even the "affordable housing" being built now really is for people in the middle to upper-middle class. Nothing for the working class or the poor.

-Z



To: Tenchusatsu who wrote (803219)8/21/2014 10:11:14 PM
From: tejek  Respond to of 1577909
 
I don't know how much development is going on in NYC, but in SF the development is kind of scattered and nowhere near enough to meet demand.


There is a lot under construction and proposed for SF proper....see here:

forum.skyscraperpage.com

More are proposed than under construction as is typical. Getting a bldg into construction can be tricky.

More importantly, bldg in SF can be expensive........more so, because its a city physically built on hills. The land is very expensive, labor is expensive and getting materials to a bldg site is costly. Its expensive to build in Manhattan because its an island, the land is extremely expensive, labor is very expensive and construction materials also are difficult to get to the site.

With both NYC and SF, so long as demand remains at current levels no matter how many units are built, rents will remain high. The theory that if you build more units rents will get cheaper is mostly a crock of cow manure promoted by millennials and others who love density.

Oh yeah.....those regs you all are railing at..........most are what keep you safe in your homes at nite.