Graham Stephan (30 year old real estate agent and investor from YouTube) just moved outta LA to the Las Vegas area in a similar fashion.
What will major Western cities look like in 3-5-10+ years time?
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Graham Stephan (30 year old real estate agent and investor from YouTube) just moved outta LA to the Las Vegas area in a similar fashion.
Hypno
Crow
SpaceX's (Elon Musk company) Starlink broadband internet service may be a game changer. For a little over 100 watts of power and $99 a monthy, it can deliver internet to off grid locations. Internet speeds are sufficient for a Zoom call. Think about that - you could work or run your business from anywhere on the planet with a line of sight to the sky.
www.zerohedge.com
SpaceX Starlink Broadband Beta Testers "Amazed" By Its Speed, As New Photos Emerge | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Good cities will always be in demand, but poorly run cities will become traps.
I know most people do not really understand just how shitty the internet can be in smaller, rural areas of north America. But it can be pretty shocking, especially coming from a pretty high tech city like Vancouver.
All those top 20 cities will be fine. In fact I feel they will thrive. I would even say the top 50 - 100 will do better in the coming decades. Allowing for some fluidity up and down that list as cities double down on wokeness, but expect a lot of investment into sane cities. The hivemind of advancement just does not work yet through a place like fucking zoom.
Zoom offices might be just enough to keep the lights on, but its certainly not enough to keep us moving forward.
I know most people do not really understand just how shitty the internet can be in smaller, rural areas of north America. But it can be pretty shocking, especially coming from a pretty high tech city like Vancouver.
All those top 20 cities will be fine. In fact I feel they will thrive. I would even say the top 50 - 100 will do better in the coming decades. Allowing for some fluidity up and down that list as cities double down on wokeness, but expect a lot of investment into sane cities. The hivemind of advancement just does not work yet through a place like fucking zoom.
Zoom offices might be just enough to keep the lights on, but its certainly not enough to keep us moving forward.
Mass migration will destabilize large cities. The multi ethnic environment will make them hotbeds for crime and civil unrest.
Real Estate will still likely go up, but not as much as the burbs and the country. It will be just because of the sheer population influx.
I've noticed immigrants taking a liking to 2nd tier cities recently.
Real Estate will still likely go up, but not as much as the burbs and the country. It will be just because of the sheer population influx.
I've noticed immigrants taking a liking to 2nd tier cities recently.
Easy_C
Peacock
My internet out here hits a faster download speed than it did in my NYC borogh.
Yeah the upgrades in rural communities can feel better than cities when they do happen. Less stress on the lines I guess.
I live a block from some pretty big gaming labs and two blocks from an Amazon web HQ and when everyone is at home and mouth breathing through some netflix garbage I notice the internet is not the greatest. But hey! For an extra $135 a month we can fix that for you!
Here's a list of 100 American cities with the most people currently in financial distress. These are the places that will collapse first.
https://wallethub.com/edu/cities-financial-distress/79863
The top ten are:
https://wallethub.com/edu/cities-financial-distress/79863
The top ten are:
- Las Vegas
- Chicago
- Houston
- San Antonio
- Dallas
- Phoenix
- Los Angeles
- Austin, TX
- Miami
- Fort Worth
I don't see how Texas could be in the worst position. 5/10 top cities are in texas. The real estate there is relatively cheap from what I remember, so their loans should be more manageable. And their homes are homes, not condos.
Maybe I'm missing something...
MilvianForce
Robin
I live in Canada eh, so this is my take on it.
- Toronto: Has been on the decline in years. How to they mask this decline? By throwing up a plethora of overpriced built like crap (Unless it's Tridel) condos and then have some lame slogan attached to them "Work to live not live to work". Crime has been on the increase with shootings and stabbings and the police are to afraid of being "racist". The mayor is a joke and a fraud and champions idiotic behaviour or a monthly if not more basis. Immigrants. . . They are everywhere and the sad part is majority bring nothing to the table, just cheap labour sheep who can barely converse in English. It's sad to see the decline of white coloured people in the city and the suburbs, places like Mississauga, Brampton, Scarborough, Richmond Hill, Markham and soon to be Vaughan have been overtaken by "diversity". No I'm not racist, I'm brown (lightest shade possible lol) and was born to a Indian family. What made this city (Toronto) great is long gone. Housing is not affordable, things are overpriced, lack of sophistication and the list goes on. Future? More un affordable housing, higher immigration with nothing to show, more crime, more dirt and grime and more politically correct b.s.
- Vancouver: Oh man and you thought Toronto was overpriced. At least you get mountains and some beautiful scenery when you buy that crap shack for 1.2 million. "Safe" injection centers are rising in numbers and it's already visible that the Chinese and Indians are increasing their "territories" outside of Richmond Hill and Surrey. Highways will not be able to withstand population growth to come that's for sure. The NDP government has and will continue to destroy this province. Gangs here are a bit more, how do I say, "agile" because of the port that's here and can distribute guns and drugs much quicker.
- Calgary: Trudeau has raped this city, let alone province. Loss of jobs = increase in poverty. This city will be hit hard in the future to come unless they can make a shift from oil into something else. If I were them I would empasizr being the next tax haven for corps and big tech, they can do it but they need to do it right.
- Montreal: I have a soft spot for this city. Great party scene and night life which have been decimated due to the plandemic. There is a sizeable muslim arab pop there but they seem much more lax than your average Muslim Arabs say in Toronto and or Calgary. Not sure why, something must be in the St.Laurent River or it's the fact Quebec doesn't take no b.s from minorities. Immigration will increase here since things are more affordable compared to Toronto and Vancouver. However the infrastructure is pretty poor here, roads specifically. However, with the low quality of immigration occurring here, expect to see crime increases and so forth. Also, gang activity is present here as well, more so due to also having access to a port.
Texas cities are not representative of Texas as a whole.
We're largely a suburban state and that's where a lot of the jobs are. When you look at relocations, the North Dallas burbs are at the top of the list, Frisco in particular. Austin burbs too, which are getting a lot of Californians.
Houston is genuinely not doing well due to the oil glut though.
Texas in general has a bright future.
I'd worry more about New York State or California.
And the above numbers are 10 years old. The future of these cities is whatever future is produced by the combination of a 3rd world population and authoritarian hard left governments. Those expecting continued first world amenities, finances, etc. are likely to be disappointed.
How is it possible that this list doesn't include the chronic clusterf***s like Baltimore, Chicago, San Francisco, New York, etc.?
Baltimore is #40, San Fran is #83 and NYC is #12.
It's probably due to the large increase in unemployment among the urban Hispanic population as the travel and hospitality industry continues to shrink due to covid.
Foolsgo1d
Peacock
You couldn't predict what a town or city will look like 5 years from now let alone 10. Immigration has accelerated in the past 5-10 years and add in the next generation of migrant children on top. You have a large % of the young being completely alien to the hosts culture and filled with anger towards it.
Now mix in the rapid economic decline which will stay with us for many years and the overall decline in mental well being of the populace and you have a potent mixture for not just civic decline but urban decay.
The broken window syndrome will be on steroids.
As this decline consumes the major cities those with the economic ability (for now) will move. London and the South has seen a lot of movement North, especially to the Manchester area where property prices are ballooning.
The crime will follow.
Now mix in the rapid economic decline which will stay with us for many years and the overall decline in mental well being of the populace and you have a potent mixture for not just civic decline but urban decay.
The broken window syndrome will be on steroids.
As this decline consumes the major cities those with the economic ability (for now) will move. London and the South has seen a lot of movement North, especially to the Manchester area where property prices are ballooning.
The crime will follow.
"$250K?" What's that? The fiat currency will have already failed. Might as well call it, "Quatloos." If you don't have items or a skill to barter or at least some gold and silver, you're coming out the other side a poor bastard.
Jack Bauer
Sparrow
Keep in mind, the average gated community is one Trayvon lawsuit away from financial trouble. Making an HOA the centerpiece of one's planning is probably not a good idea.
People told us Bush 43 would be the last GOP president after Obama won. The GOP is pure trash and not worth caring about in its current form, but there's a big difference between "last Republican" and "last non-Dem." Trump might be the former but he's definitely not the latter.
This is incredibly optimistic given current demographic trends, unless 50 of those 100 cities are in Texas and Florida.
Hypno
Crow
No one said I was outsourcing my security to a HOA. And Trayvon was shot in a "gated community" of 1400 sft townhouses.
George Zimmerman moved to the community in 2009. At that time, the United States was experiencing the Great Recession. This caused a "demographic transformation" of the gated community, where 1,400-square-foot (130 m²) townhouses had once sold on average for $250,000. However, by February 2012, that value "...had fallen below $100,000." With the change came a "spate of burglaries" which were largely due to the "...large-scale foreclosures in the wake of the housing crash led investors to rent, rather than sell, the spaces, which brought a new, transient type of resident."
Jack Bauer
Sparrow
My comment was just a general reminder.
I don't see how the size of the homes matters. If anything, gated communities with bigger homes would be bigger targets if the crap hits the fan.
Hypno
Crow
You would think so but it turns out that there is less crime in neighborhoods with expensive homes. And they are less accessible to the people who fling crap at fans