Be careful what you ask for

Unfinished empty houseA new study, Relationship between Growth and Prosperity in 100 Largest U.S. Metropolitan Areas shows that those areas that have fared the best have the lowest growth rates. Even metro areas with stable or declining populations tended to fare better than fast-growing areas.

“Growth clearly provides benefits to some elements of the local population. Foremost among these are the real estate, financial, and land development businesses.”

“These business interests represent a wealthy and politically influential constituency in most cities that advocates in favor of increasing local growth. They are organized and represented through their local trade associations: the home-builders’ associations, the realtors’ associations, the mortgage bankers’ associations, and the local chambers of commerce.”

empty home sign“While certain businesses prosper from growth, the balance of the community seems to suffer.

The statistics showing that fast-growing areas tend to have lower and declining incomes, indicate that any gains by the businesses that directly benefit from growth are more than offset by losses to the balance of the local population.

In other words, a small segment of the local population may benefit from faster growth, but the larger population tends to see their prosperity decline.”

In other words, be careful what you ask for.

<IMHO> Fred Jacobsen

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One Response to “Be careful what you ask for”

  1. Marilyn Smith Says:

    Yes, the government shot US ALL IN THE FOOT.

    So many homeless is a sign of the deterioration and decline of our CIVILIZATION AND WAY OF LIFE FOR CAPITALISM.

    THESE ECONOMIC DEVELOPMENT GURUS NEED TO GO READ “THE RISE AND FALL OF THE ROMAN EMPIRE”.

    If these people think they can ship all the homeless out of town, they are sadly mistaken…THE HOMELESS ARE NOT ALL HOMELESS BY CHOICE….children and military veteran mothers are homeless because of JOBS…..
    And the mere fact that promises were made by several administrations are NOW HITTING HOME.

    The rabble in the streets will soon be the ordinary citizens who have lost their homes in the suburbs.

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