Sunday, March 2, 2014

Forget What the Pundits Tell You, Coastal Cities are Old News - it’s the Sunbelt that’s Booming!

The Daily Beast ^ | March 1 , 2014 | Joel Kotkin
While traditional big cities are struggling, the Sunbelt cities like Houston and Phoenix are booming. If trends continue, the Sunbelt will keep growing as the coasts decline. Since 2010, according to an American Community Survey by demographer Wendell Cox, over one million people have moved to the Sunbelt mostly from the Northeast and Midwest. Any guesses for the states that have gained the most domestic migrants since 2010? The Sunbelt dominates the top three: Texas, Florida and Arizona. And who’s losing the most people? Generally the states dearest to the current ruling class: New York, Illinois, California and New Jersey. Some assert this reflects the loss of poorer, working class folks to areas while the “smart” types continue to move to the big cities of Northeast and California. Yet, according to American Community Survey Data for 2007 to 2011, the biggest gainers of college graduates, according to Cox, have been Texas, Arizona and Floria; the biggest losers are in the Northeast (New York), the Midwest (Illinois and Michigan) Combined with basics like lower housing costs and taxes, it’s a common optimism about the future that really underlies the resurgence now occurring from Phoenix to Tampa. The long-term shifts in American power and influence that have been underway since the 1950s have not been halted by the housing bust. Disdained by urban aesthetes, hated by much of the punditry, and largely ignored except for their failings in the media, the Sunbelt seems likely to enjoy the last laugh when it comes to shaping the American future.
(Excerpt) Read more at thedailybeast.com ...

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