Quote:
Originally Posted by isaidso
Things have a way of balancing out. If the appeal and value proposition of another place is greater, growth will flow there. It's why growth in LA eventually headed to Riverside and then on to Phoenix, Las Vegas, etc. This is no different. If Philadelphia is the beneficiary that's not a bad thing.
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That tends to be the mode of operation for a lot of our cities. They eventually reach a slow down or stagnation (some cased decline) and than folks migrate elsewhere (usually, usually, a big time factor of folks migrating are prices).
I wish that wasn't the case. Ideally, it would be nice if "X" city tried to retain folks or some cases, certain states or metros.
I just wish some of our metros would try to keep folks. Try to stabilize if not reduce prices. Would be nice.
WE NEED more housing, period. Take NJ... the amount of units being built... outside of Hudson County, is paltry, very paltry. Hudson, than Essex, than a massive drop in units, WITH MOST being renovations or alterations. In NJ!
We don't do enough to add housing.