242
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"Overnight, The World Became The Twilight Zone" - Exodus From Cities Sparks Mountain-Dweller Greatest Fear

zerohedge News overnight world became twilight zone exodus from cities sparks mountain-dweller greatest fear All https://www.zerohedge.com   Discuss    Share
"Overnight, The World Became The Twilight Zone" - Exodus From Cities Sparks Mountain-Dweller Greatest Fear

Social distancing is transforming society as we know it. City dwellers are packing up their bags and are heading for the mountains amid the virus crisis.  



"Overnight, the world took a sharp turn into the Twilight Zone," Gina Grande told the Los Angeles Times. "I had to get out of there. So, I made a beeline to my boss' office and said, 'Th

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is is awkward, but can I please telecommute from Southern California?'" 



Grande, terrified of the fast-spreading COVID-19 outbreak in San Francisco, which is where she works and lives, left the metro area for her second home on the outskirts of Joshua Tree National Park, a desert area located in southern California. 





As the pandemic sweeps across California's largest cities, residents are fleeing their urban settings to isolated communities in the Mojave Desert or the rugged Sierra Nevada. The hope is that a remote area can reduce their transmission risk. 



But for some, social distancing measures enforced by the government have not just limited their mobility to and from work and or even their ability to go outside, residents in Los Angeles last week were restricted from leaving the city to vacation homes. 



In Mammoth Lakes, a town in California's Sierra Nevada mountains, banned non-residents because infection risk in the small community would quickly overwhelm their hospital system. 





The flight from cities to rural communities during the outbreak, ignited by fear, could be the next hottest trend for real estate that revives dying suburbs. Families, who've been subjected to chaos at Costco stores of panic hoarding or forced quarantine in their tiny 550 square-foot studios, want the freedom of rural communities and the security of land that could power them through any crisis. 



In Joshua Tree, vacation rental companies have said concerned families from large metro areas are renting short-term rentals for weeks and or months at a time following the virus outbreak. 



"We just confirmed two rentals for long-term stays over three weeks," said Josh Sonntag, who operates several rental units in the area. "In both cases, social distancing and the ability to work remotely was important."





Bryan Wynwood, the owner of Joshua Tree Modern Real Estate, said, "Every call I get is related to the coronavirus. Some of them are from city dwellers worried about being stuck in the center of a metropolis that loses control of its basic public services."



Sam Steinman, 28, owns several short-term rentals in Joshua Tree, said he'd noticed the desperation in city dwellers' voices who are willing to pay double for his properties to escape the outbreak in large cities. 



"I've seen this kind of fear and desperation before in Israel during rocket attacks," Steinman said. "A friend recently asked if I had a gun he could borrow. I said absolutely not."



And maybe, just maybe, COVID-19 will have a long-lasting impact on choices made by city dwellers, who have just realized their entire lives can come crashing down in a public health crisis - though, some are making a mad dash to remote areas where life goes on as usual. 



A noticeable trend is developing: A revival of dying suburbs could be on the horizon as cities are just too dangerous when everything goes to sh*t. 



If you’re looking to flee a metro area, not just because of a virus crisis, but also because housing prices in cities are due for a major correction, here are some affordable suburbs in America that you might find interesting.




Tyler Durden

Wed, 03/25/2020 - 20:10
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You Can Get Paid $10,000 To Move To Tulsa...Will Other Cities Follow?

zerohedge News paid move tulsawill other cities follow All https://www.zerohedge.com   Discuss    Share
You Can Get Paid $10,000 To Move To Tulsa...Will Other Cities Follow?

Submitted by Market Crumbs,



When you think of Tulsa, Oklahoma, you may not think it's becoming a hotbed for coworking spaces filled with young professionals working remotely. The landlocked city with a population of about 400,000 people is often referred to as the "Oil Capital of the World."





Thanks t

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o a program called Tulsa Remote, that's exactly what is happening.



The program, which is funded by the George Kaiser Family Foundation - an influential Tulsa-based philanthropy, is attracting people to Tulsa by paying them $10,000 in cash, providing desk space and offering other perks. The program is one of the first of its kind in the U.S., with similar ones implemented in Vermont, Alabama and Kansas.



After seeing its population peak in 2016, Tulsa Remote is seen as a way to lure in talent to help reverse the declining population and boost the city's economy.




"The last few years have been the slowest population growth [in the state] since the late ‘80s, early ‘90s," said Chad Wilkerson, branch executive of the Kansas City Fed’s Oklahoma City Branch office. "A good amount of it is driven by the downturn of the energy sector in 2014 and 2015, and people seeking jobs elsewhere."




Tulsa Remote is touting the city's cost of living as its selling point to attract people from expensive coastal cities. The median home price in Tulsa is $157,200—43% below the national average, while the average rent for a 2 bedroom apartment is $658 per month.



Tulsa Remote's website even compares Tulsa's cost of living to popular coastal cities that are facing affordability crises. Compared to San Francisco, the cost of living in Tulsa is 50% lower with the median home price 83% lower. Compared to Seattle, the cost of living and median home price in Tulsa are 38% and 68% lower, respectively. Compared to New York, the cost of living in Tulsa is a staggering 61% lower with the median home price 60% lower.




"The citizens of Tulsa have invested substantial public funds to build the types of things that we believe make Tulsa a more appealing place for a new generation of workers," said Tulsa Mayor G.T. Bynum.



"And the Tulsa Remote program is really a great way to introduce the very kinds of workers that we’re hoping to appeal to, to the city that we’ve been building for the last decade to appeal to them."




Given some of the fastest-growing cities in the country are in states such as Texas, Arizona and Nevada, Tulsa Remote knows exactly what it's doing by literally paying people to come work in a place that is significantly cheaper than most cities. Given Tulsa Remote is now accepting more workers than it did when it began in November 2018, it won't be surprising to see more cities across the country introduce similar programs.m




Tyler Durden

Tue, 03/10/2020 - 22:45
230
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Tent Cities, Troop Surge & Tanks Pouring In: Reasons Why The 'Final War' For Idlib Has Begun

zerohedge News tent cities troop surge tanks pouring reasons final idlib begun All https://www.zerohedge.com   Discuss    Share
Tent Cities, Troop Surge & Tanks Pouring In: Reasons Why The 'Final War' For Idlib Has Begun

In the next weeks and months, Idlib is set to be front and center once again in world headlines. Not only have the Turkish and Syrian armies engaged in direct clashes since the weekend  with dozens of casualties on each side  ready for what increasingly looks like the final showdown over Idlib, but superpowers Russia and the US have again lined up on e

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ither side. Here are some indicators that dramatic escalation is on the immediate horizon. 



An impressive, perhaps unprecedented build-up of seemingly endless columns of Turkish armored vehicles and tanks were seen amassing on the border this week:





1) Turkey announced Thursday more soldiers are being deployed to Idlib after already previously amassing troops at the border. 



According to Turkey's Daily Sabah: 




The Turkish military has dispatched more soldiers and stationed multiple rocket launchers on the Syrian border as it continues to reinforce units and equipment at Turkey's observation posts in northwestern Idlib province.



The rocket launchers were deployed in Hatay province, while commando squads headed to their units in armored vehicles.




2) Turkish tanks, armored columns, and elite commandos are pouring in as state powers are on a collision course:




Turkish President Recep Tayyip Erdogan has put NATO’s second-largest army on a collision course with Russian-backed forces loyal to Syrian President Bashar al-Assad to try to prevent the fall of Idlib province, Syria’s last rebel stronghold.



The Turkish military ordered hundreds of tanks and armored cars dispatched to Idlib and struck about 170 targets in Syria in retaliation for attacks by Syrian forces that killed at least 12 Turkish soldiers in the northwestern province this month. Russia demanded a halt to attacks on Russian forces and their allies in the northwestern province, who’ve been conducting a months-long advance on the opposition bastion. — Bloomberg




3) Erdogan is erecting new "refugee cities" along Turkish-occupied Syrian border territory, in line with his 'solution' for the refugee crisis at a moment he's also threatened Europe with "opening the gates" if he doesn't receive EU funding to alleviate the burden:




4) The United Nations is warning Idlib civilian displacement is now the worst over the nine-year total period of war in Syria.



President Assad is being assisted by Russia in the fight to liberate all of Idlib province and insurgent holdout pockets of neighboring Aleppo from al-Qaeda faction Hayat Tahrir al-Sham. In the process pro-Assad forces are clashing with Turkish troops, which maintains 'observation posts' in and along Idlib provinces border areas. 



All of this has created a massive refugee outflow toward the Turkish border: 




A wave of displacement that has seen around 700,000 people flee a regime offensive in Syria's Idlib region is the biggest of the nine-year-old conflict, the United Nations said Tuesday.



"In just 10 weeks, since 1 December, some 690,000 people have been displaced from their homes in Idlib and surrounding areas," a spokesman for the Office for the Coordination of Humanitarian Affairs said.



"This is, from our initial analysis, the largest number of people displaced in a single period since the Syrian crisis began almost nine years ago," David Swanson said.





5) The United States said it will "stand with its NATO ally Turkey" after the Syrian and Turkish armies engage in direct clashes, and after Erdogan threatened to begin downing Syrian aircraft.



This brings the world back to a major international proxy war centered on Idlib, as almost happened before (especially in 2018). 




Remember too, that Washington taking a strong "Turkey-first policy" on Syria means the US and Russia could be right back on the war path in Syria, as was the case in prior years. 




Tyler Durden

Fri, 02/14/2020 - 02:45
212
39 Views

The U.S. Cities Mired In The Most Debt

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The U.S. Cities Mired In The Most Debt

Truth in Accounting has released its 2020 Financial State of Cities report, highlighting the fiscal health of America's 75 most populous cities. Statista's Niall McCarthy notes that the study found that this year, 63 cities do not have enough money to pay their bills and total municipal debt now stands at $323 billion.



It ranked the cities according to their taxpayer burden or surplus which

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is the amount each taxpayer would have to pay to clear municipal debt with nothing, such as benefits and services, in exchange.





You will find more infographics at Statista



New York has $62.7 billion available to pay $249.4 billion worth of bills which breaks down to a burden of $63,100 per taxpayer.



In Chicago, each taxpayer would have to pay $63,100 in future taxes without anything in return while Hononulu has the third-highest burden at $26,400.



Some cities are run better than others with Irvine, California and Washington D.C. notable examples. The former has a surplus of $4,100 per taxpayer while D.C. has a surplus of $3,500.




Tyler Durden

Fri, 02/07/2020 - 23:45


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Business Finance

246
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Europe's Worst Cities For Traffic Congestion

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Europe's Worst Cities For Traffic Congestion

TomTom has released its 2019 Traffic Index which shows levels of traffic congestion in 416 cities across 57 countries.





You will find more infographics at Statista



In Europe, Moscow is the most gridlocked city with commuters there experiencing 59 percent extra travel time each year due to the city's traffic problems. As Statista's Niall McC

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arthy notes, that equates to 225 extra hours stuck behind the wheel or nine days and nine hours each year.





Istanbul is the second-most congested city in the European category of the ranking at 55 percent, followed by Kiev's 53 percent.




Tyler Durden

Mon, 02/03/2020 - 02:45
200
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'Biblical' Locust Plague With Mega-Swarms The Size Of Cities Descends On East Africa

zerohedge News biblical locust plague with mega-swarms size cities descends east africa All https://www.zerohedge.com   Discuss    Share
'Biblical' Locust Plague With Mega-Swarms The Size Of Cities Descends On East Africa

As if the world's facing a looming new global pandemic weren't enough, here's yet another rare occurrence of apocalyptic proportions threatening to devastate the economy and way of life on an entire continent: the worse outbreak of desert locusts in seventy years is ravaging East Africa — specifically Kenya as hundreds of millions have swarmed in from Somolia and Ethiopi

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a, reports the Associated Press. 




The hum of millions of locusts on the move is broken by the screams of farmers and the clanging of pots and pans. But their noise-making does little to stop the voracious insects from feasting on their crops in this rural community.



Men surrounded by a swarm of desert locusts in Kenya. Image source: AP

The by all accounts "huge" infestation is threatening to devastate communities and a region already long struggling with food security. One news source likened it to a Biblical Locust Plague With Swarms the Size of Cities.



The invading locusts are "deadly" in the sense that these 'mega-swarms' devour crops at incredibly rapid pace — at a faster rate of destruction than other natural disasters.  



The numbers and immediate destructive force are staggering, according to quotes in the AP:




  • About 70,000 hectares (172,973 acres) of land in Kenya are already infested.

  • A single swarm can contain up to 150 million locusts per square kilometer of farmland, an area the size of almost 250 football fields, regional authorities say.

  • One especially large swarm in northeastern Kenya measured 60 kilometers long by 40 kilometers wide (37 miles long by 25 miles wide).

  • Farmers are afraid to let their cattle out for grazing, and their crops of millet, sorghum and maize are vulnerable, but there is little they can do.



“Even cows are wondering what is happening,” one local farmer laments in the AP report. “Corn, sorghum, cowpeas, they have eaten everything.”





This as the mega-swarms consume the very fodder the livestock survive on.



There's additional concern that new rains after March could bring another explosion of the fast breeding locusts prior to the dry season taking their numbers back down.


Locust swarm in Katitika village, Kitui county, Kenya. Image source: AP

The UN Food and Agricultural Organization is reportedly mobilizing an emergency response, given even small swarms can wipe out crop fields at sizes constituting enough food that could have fed tens of thousands of people in a single day, which makes it a humanitarian disaster in the making. 



It's both the nature of their small size (about a finger's length) and the fact that they swarm in millions at a time that make preventative measures nearly impossible.





The UN agency listed some creative but futile methods suggested and/or initiated in the past: “Although giant nets, flamethrowers, lasers and huge vacuums have been proposed in the past, these are not in use for locust control.”



It added, “People and birds often eat locusts but usually not enough to significantly reduce population levels over large areas.”




Tyler Durden

Mon, 01/27/2020 - 02:45


Tags

Disaster Accident
Environment

230
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China's Next Real Estate Bubble: Building EV-Production Cities Across The Country

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China's Next Real Estate Bubble: Building EV-Production Cities Across The Country

Just in time for Tesla's big move to China, entire cities are popping up from within the country dedicated solely to making electric vehicles. 



Shunde New Energy Vehicle Town in China is taking shape inside of the city of Foshun as a hub for EV production and research. It is estimated that the city could eventually generate $15 billion in r

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evenue per year.



Bloomberg calls the cities "at least 20 electric-centric versions of Detroit under construction as China" as the country continues to bet big on EV technology. President Xi Jinping hopes that EV manufacturers will help boost other industries. He aims for the country to become a "manufacturing superpower" by 2025, in hopes that it'll make China more self-sufficient and diversified.



And cities in China are working to shift their economies to become a part of Xi's new plan. They are offering cheap land and tax breaks to bring in car makers, parts supplies and engineering labs, in hopes of bolstering their own local economies. 





He Xiaopeng, chairman of Xpeng Motors Technology Ltd., said: “The new-energy vehicle industry is a bet local governments must take. A successful EV maker could bring at least 200 companies in the industry chain into a province.’’



So far, about $30 billion has been committed to developing these EV towns. The commitments range from fixed asset investments to development costs. It's a move that's typical of China's "command-led" approach to its economy, as Bloomberg calls it.



To us, it looks similar to the country's real estate strategy: try to build it, and hope they come.



That's what China has been doing, erecting industrial parks, apartments and schools while laying out their offers - and sitting back, hoping that companies come in to take them up on thier offers. 



Between 2009 and 2017, the country spend about $36.5 billion subsidizing EV sales. This could be why China now accounts for more than half of all passenger EV sales worldwide.





The rapid urbanization of the country has taken up many available land tracts, which has in turn pushed prices higher and made zoning laws tougher. By committing to EVs, local officials are likely to find it easier to get central government approval for redevelopment plans. 



Shunde NEV Town is being built by China's largest developer, Country Garden. The company has promised to bring EV-related businesses and meet tax revenue targets. 



Liu Wei, who’s overseeing the project for Country Garden said: “The industry chain is far more comprehensive than car manufacturing. We’re well aware the fever will fade, but some emerging firms will grow, and that’s who we want to house.”



Country Garden has been able to keep office rents cheap (by as much as 25%) by using land in small towns, instead of adjacent areas. The businesses in these small towns will then need workers. 





Cui Dongshu, secretary general of the China Passenger Car Association, said: “The towns have at least one key resource that EV makers and suppliers are eager to own: the land. That will naturally attract them to move into the towns.”



But EVs only make up less than 5% of total car sales in China. Some analysts see these pop-up towns as destined for failure, as a result. John Zeng, managing director of LMC Automotive Shanghai said: “Most of those EV towns will fail. This wave of electric-vehicle building will come to a life-or-death moment. When EV carmakers are being squeezed, the ‘EV Town’ bubble will burst.’’



Liu Wei concluded: “I admit that the EV sector is still working its own way. But we have been well aware of sector challenge since planning it two years ago, and we’re confident that we can adapt to the change.”




Tyler Durden

Sun, 12/29/2019 - 20:00


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Business Finance

223
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Report Hyped By Climate Alarmists Warned: Millions Dead, Nuclear War, & Sunken Major Cities By 2020

zerohedge News report hyped climate alarmists warned millions dead nuclear sunken major cities 2020 All https://www.zerohedge.com   Discuss    Share
Report Hyped By Climate Alarmists Warned: Millions Dead, Nuclear War, & Sunken Major Cities By 2020

Authored by Paul Joseph Watson via Summit News,



According to experts, climate change will result in “millions” of deaths, major European cities being sunken, nuclear war and global environmental riots…all within the next 5 days.





That’s because they made the prediction back in 2004 and

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said all that would happen by 2020, which is just 5 days away.




“Climate change over the next 20 years could result in a global catastrophe costing millions of lives in wars and natural disasters,” reported left-wing newspaper the Guardian on February 22, 2004.



“A secret report, suppressed by US defence chiefs and obtained by The Observer, warns that major European cities will be sunk beneath rising seas as Britain is plunged into a ‘Siberian’ climate by 2020. Nuclear conflict, mega-droughts, famine and widespread rioting will erupt across the world,” the report added.




The alarmist document went on to claim that nations would resort to using nuclear weapons to protect dwindling food supplies, a situation that would “bring the planet to the edge of anarchy.”




The authors of the report, Peter Schwartz and Doug Randall, also asserted that “By 2020 ‘catastrophic’ shortages of water and energy supply will become increasingly harder to overcome, plunging the planet into war,” causing widespread “crop failure” and “famine.”



So apparently, the UK is just 5 days away from being plunged into a “Siberian climate” and millions of people are about to die in a giant nuclear carnage caused by global food shortages and monster droughts.



Or alternatively, so-called “climate experts” have been proven spectacularly wrong on absolutely everything, from Paul Ehrlich’s prediction of millions of deaths from famine by the 80’s, to Al Gore’s absurd claim that the Arctic would have “ice free” summers by 2013.



Just like the much heralded “secret report” that predicted global catastrophe by 2020, none of it happened.



So why should we trust the same people now?





*  *  *



My voice is being silenced by free speech-hating Silicon Valley behemoths who want me disappeared forever. It is CRUCIAL that you support me. Please sign up for the free newsletter here. Donate to me on SubscribeStar here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.




Tyler Durden

Fri, 12/27/2019 - 21:05


Tags

Disaster Accident
Environment

243
78 Views

The Jobs Of The Future Are All Gravitating Toward The Same Few U.S. Cities

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The Jobs Of The Future Are All Gravitating Toward The Same Few U.S. Cities

A recent analysis of where new innovation jobs are being created in the United States shows an ugly picture of a bifurcated economy where "jobs of the future" are focused in just a few cities.



Divergence in job growth, incomes and future prospects continue to be political talking points and the focus of economic research. It has also been a source of some social stress, a

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ccording to Reuters.



The Brookings Institution released research recently that shows that the problem may be more profound than many people thought. Cities like Dallas, which has performed well in terms of overall employment growth, is still trailing in attracting workers in 13 separate industries.



And about 20 US cities, led by San Francisco, Seattle, San Jose, Boston and San Diego have sucked up much of the chemical manufacturing, satellite telecommunications and scientific research jobs between 2005 in 2017. These cities captured an additional 6% of "innovation" jobs, amounting to about 250,000 positions. 





Many companies in these industries tend to benefit from being closer to one another and they are able to target educated employees with urban amenities.



Brookings Institution economist Mark Muro said the trend risks could wind up "self-reinforcing and destructive, as the workforce separates into a group of highly productive and high-earning metro areas and everywhere else."



And even though it is expensive to operate in Silicon Valley, prompting many companies to move some offices out of the area, the moves haven’t been large enough to register or make a difference in the overall trend. Muro says that most US metro areas are either losing innovation jobs outright or gaining no share.



His study showed “a clear hierarchy of economic performance based on innovation capacity had become deeply entrenched.”



"Across the 13 industries they studied, workers in the upper echelon of cities were about 50% more productive than in others," his data showed. 





(click to enlarge)



After World War II in the U.S., labor was more mobile and the types of industries driving the economy were more diverse and less clustered. This trend started to reverse around 1980 and there are now growing concerns of the United States is separating into two different economies, prompting efforts to spread the benefits of economic growth more evenly.



The Federal Reserve said that this was a risk to possible overall growth and many political figures have addressed the issue as well. The key directive of Trump's trade war with China, in fact, is to help provide a resurgence in labor to depleted areas of the country.



The authors of the study believe that "federal research grants, tax breaks, and loosened regulations" are the keys to solving the problem. They propose "focusing on around 10 inland cities with a large enough population and existing tech expertise to contribute" and the idea will be discussed by a congressional caucus on competitiveness this week. 



“It is wishful thinking we will turn this around without some directed federal support,” Muro concluded.




Tyler Durden

Fri, 12/13/2019 - 21:05


Tags

Labor
Business Finance

204
36 Views

Millennials With Student Debt Are Getting Crushed The Most In These Ten Cities

zerohedge News millennials with student debt getting crushed most these cities All https://www.zerohedge.com   Discuss    Share
Millennials With Student Debt Are Getting Crushed The Most In These Ten Cities

SmartAsset, a personal finance technology company, has published a new study that identifies certain US metropolitan areas with the highest student loan balances.



These cities are where millennials are struggling to make ends meet and can't cover expenses. These hopeless folks have insurmountable debts, gig-economy jobs, record-high credit card rates, and no savings.

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Ahead of the next recession, this study provides important clues to the geographic regions where millennials will suffer the most financial distress.



The release of the study comes at a time when student loan debt has reached $1.6 trillion, has already become an important topic with presidential candidates ahead of the 2020 election, and when the next recession strikes, will financially paralyze a generation of millennials.



SmartAsset analyzed the top 25 metro areas most impacted by the student debt crisis and narrowed the list to ten.



Researchers used data from Experian, the Census, and the IRS to develop the list of where average student loan debt exceeds the median earnings of millennials.



According to the study, the top six metro areas hit hardest by the student debt crisis: Gainesville, Florida; Corvallis, Oregon; Durham-Chapel Hill, North Carolina; Morgantown, West Virginia; Eugene, Oregon and Greenville, North Carolina. The remainder are Ithaca, New York, Santa Fe, New Mexico; Hattiesburg, Mississippi; and Colombia, Missouri.





Student debt is the fastest-growing consumer debt in the country, with $1.6 trillion outstanding, cracks are already starting to appear with 22% of borrowers defaulting.



Millennials will be the most impacted generation in the next recession, and thanks to SmartAsset, the exact metro areas of this financial stress are now known.



 




Tyler Durden

Fri, 11/01/2019 - 23:25


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Business Finance

219
104 Views

Which Cities Have The Highest Risk Of A Housing Bubble?

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Which Cities Have The Highest Risk Of A Housing Bubble?

Munich was deemed the city with the highest risk of a housing bubble developing in a recent survey released by investment bank UBS. 





Other cities at risk include Amsterdam, Toronto, Vancouver and Frankfurt, placing two Canadian and two German cities in the top 7.



Statista's Katharina Buchholz notes UBS determined their risk index by look

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ing at the ratios of housing prices to rent, housing prices to income, the increase in mortgage payments to the increase of GDP, the increase in construction spending to the increase of GDP and, finally, the ratio of housing prices in the city and the surrounding areas.



Amsterdam recorded the strongest annual price increase of any city in the survey since it was first released in 2015. Real prices increased by close to 10 percent, accompanying a wave of speculative buying.



Dubai was the city where conditions eased most noticeably after housing boomed between 2010 and 2014 in connection to high oil prices.





You will find more infographics at Statista



Out of 24 cities included in the survey (all of which are known for their high real estate prices), seven were found to be in bubble-risk territory.



Twelve more were considered to have an “overvalued housing market”, among them Zurich, London and San Francisco as well as Madrid, Stockholm and Sydney.



The only city with an “undervalued” housing market according to the survey was Chicago.




Tyler Durden

Sat, 10/12/2019 - 07:35


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Business Finance

226
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These Are The Top American Cities For Starting A Small Business

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These Are The Top American Cities For Starting A Small Business

Friday's jobs report has helped stoke speculation that the American labor market is finally beginning to cool (though the 136k jobs number was still better than the whisper number, which saw September payrolls sinking below 100k). As the pace of hiring slows, more Americans might be forced to make bold career moves - like deciding to start their own business.



And why not? As Adrian

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Mak wrote in a recent blog post for AdvisorSmith, new business formation is a critical driver of the American economy, even as large corporations continue to strengthen their grip.



Using data gleaned from a recent study that looked at 353 US cities across all 50 states, AdvisorSmith ranked the best US cities for starting a small business.



All told, the US has roughly 6 million businesses with more than one employee. In 2018 alone, approximately 750,000 new businesses were created in the US.



Of course, only a fraction of these businesses will survive longer than 5 years.



And unsurprisingly, the top states for small-business creation are mostly in the West and South, with Montana taking the No. 1 spot. 





Small and mid-size cities in the West accounted for 9 of the top 10 cities where people are most likely to start a business.



To start, the researchers at AdvisorSmith divided cities up into three categories: Small (under 150,000), medium-size (between 150,000 and 500,000) and large (more than half a million residents).





Taking a step back, AdvisorSmith also ranking the top cities across the three categories.



Here's a breakdown of the top five (text courtesy of AdvisorSmith):



1. Carson City, NV



As the capital of Nevada since the state was established in 1864, Carson City was named after the American frontiersman Kit Carson. The city was founded as a stopover for travelers to California, but it later gained substantial population when silver was found nearby at Comstock Lode. Located just east of Lake Tahoe and south of Reno, Carson City is a center for both business and politics in Nevada. The city also has some tourism-related economic activity, with gambling and hospitality being contributors. As the city with the highest rate of new job creation in the country, Carson City had 4.61 new businesses started per 1,000 residents.



2. Boulder, CO



Boulder is a midsize city located 25 miles northwest of Denver at the foot of the Rocky Mountains. The city was initially settled by gold prospectors in the mid-19th century, and soon afterwards, it was chosen to be the main location for the University of Colorado. The existence of the University has exerted a strong influence on the history and economy of the city, with a highly-educated population and strong quality of life. Boulder is also well known for its strong culture of bicycling, which includes a substantial dedicated bike infrastructure. Boulder had 4.52 businesses started per 1,000 population in this study.



3. Missoula, MT



Missoula is a small city that started as a trading post in the mid-1800s. The city is located along the Clark Fork River in western Montana, and it is the second largest city in Montana. Lumber became a key industry in the city, along with education as the University of Montana was established in 1893. The existence of the University has provided the city with a highly-educated workforce and encourages the development of technology startups, in addition to being the city’s largest employer. Missoula had a very high new business creation rate of 4.09 per 1,000 residents.



4. Coeur d’Alene, ID



Coeur d’Alene is located in the northwestern portion of Idaho, near the city of Spokane, Washington. Coeur d’Alene is situated on Lake Coeur d’Alene, with a growing economy driven by resort tourism as well as nearby ski resorts. The city has many outdoor activities, including boating, mountain biking, kayaking, hiking, riding ATVs, hunting, and fishing. Locals call the city “Lake City” or simply CDA. Entrepreneurs in Coeur d’Alene started 3.87 new businesses per 1,000 people in our study.



5. St. George, UT



Located in the southern part of Utah, adjacent to the Arizona border, is St. George, a midsize city near several well known national parks, such as Zion National Park, Bryce Canyon National Park, and the Grand Canyon. Tourism to these parks is an important part of the economy in the city. Due to the city’s warm desert climate, golf is another important draw to the city, with many residential communities oriented around golf courses. St. George also hosts the headquarters of SkyWest Airlines. St. George had a new business creation rate of 3.83 new businesses created per 1,000 population.



Here's an expanded list of the top 50:













* * *



While starting an independent business gives every American a chance to fulfill the dream of being their own boss, the most recent NFIB survey of small business confidence showed that small businesses aren't immune to the economic malaise that has emerged over the past three-to-six months.



In August,  the NFIB's gauge of small businesses' confidence in the economy declined again, shedding 1.6 points to 103.1. Only a few months ago, the gauge climbed above 108 for the first time since it was created forty years ago.



It's just another example of how quickly the economic backdrop is shifting under our feet.




Tyler Durden

Sun, 10/06/2019 - 09:00
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The U.S. Cities With The Most Homeless People

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The U.S. Cities With The Most Homeless People

Over half a million Americans are facing the prospect of being homeless this holiday season.





As Statista's Niall McCarthy notes, after a period of progress and decline, the U.S. homeless population has increased slightly for the second year in succession according to a report from the Department of Housing and Urban Development. It now sta

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nds at 553,000 with 65 percent of that total living in sheltered accommodation. 17 out of every 10,000 people in the U.S. has now experienced homelessness on a single night in 2018.



Half of all homeless people are in one of five states - California (129,972), New York (91,897), Florida (31,030), Texas (25,310) and Washington (22,304). It is primarily an urban issue and more than half of the homeless population are scattered across the country's 50 biggest cities. Nearly a quarter of them live in just two cities - New York and Los Angeles. Despite its considerable homeless population, New York can at least claim that 65 percent of its rough sleepers are given sheltered accommodation. The same cannot be said of Los Angeles where 75 percent are out on the street.



The following infographic shows the top-10 worst cities for homelessness across the U.S. with New York in first place with 78,676.





You will find more infographics at Statista



It's important to mention that in this comparison, the data is broken down by CoC - those are Continuums of Care that are local planning bodies coordinating responses to the issue. Los Angeles is in second place with nearly 50,000 while Seattle/King County comes third with 12,112.




Tyler Durden

Tue, 10/01/2019 - 23:45


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Exodus: Here Are The Top 20 Cities Everyone Is Leaving

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Exodus: Here Are The Top 20 Cities Everyone Is Leaving

According to a new report from Business Insider, Watertown-Fort Drum, New York; Pine Bluff, Arkansas; and Hinesville, Georgia, were the top three out of a list of 20 cities that had some of the highest negative net migration trends between 2010 and 2018.



Business Insider used data from the Census Bureau's Population Estimates program to formulate the list of US metropolitan areas with the mo

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st negative net migrations between 2010 and 2018.





The report noted that many of these areas observed tremendous outflows of their population, with very low inflows, but also all areas were already suffering from depressed population totals.



And here's the list of the top 20 US cities everyone is leaving:



20. Brownsville-Harlingen, Texas, had a net population loss from migration of 20,487 between 2010 and 2018 — 5.0% of the metro's 2010 population of 406,220.



19. Charleston, West Virginia, had a net population loss from migration of 12,194 between 2010 and 2018 — 5.4% of the metro's 2010 population of 277,078.



18. Saginaw, Michigan, had a net population loss from migration of 10,863 between 2010 and 2018 — 5.4% of the metro's 2010 population of 200,169.



17. Flint, Michigan, had a net population loss from migration of 23,255 between 2010 and 2018 — 5.5% of the metro's 2010 population of 425,790.



16. Johnstown, Pennsylvania, had a net population loss from migration of 7,980 between 2010 and 2018 — 5.6% of the metro's 2010 population of 143,679.



15. El Centro, California, had a net population loss from migration of 9,701 between 2010 and 2018 — 5.6% of the metro's 2010 population of 174,528.



14. Elmira, New York, had a net population loss from migration of 4,950 between 2010 and 2018 — 5.6% of the metro's 2010 population of 88,830.



13. Sierra Vista-Douglas, Arizona, had a net population loss from migration of 7,484 between 2010 and 2018 — 5.7% of the metro's 2010 population of 131,346.



12. Rockford, Illinois, had a net population loss from migration of 20,375 between 2010 and 2018 — 5.8% of the metro's 2010 population of 349,431.



11. Albany, Georgia, had a net population loss from migration of 9,674 between 2010 and 2018 — 6.1% of the metro's 2010 population of 157,308.



10. Vineland-Bridgeton, New Jersey, had a net population loss from migration of 10,118 between 2010 and 2018 — 6.4% of the metro's 2010 population of 156,898.



9. Decatur, Illinois, had a net population loss from migration of 7,220 between 2010 and 2018 — 6.5% of the metro's 2010 population of 110,768.



8. Danville, Illinois, had a net population loss from migration of 5,455 between 2010 and 2018 — 6.7% of the metro's 2010 population of 81,625.



7. Lawton, Oklahoma, had a net population loss from migration of 11,422 between 2010 and 2018 — 8.8% of the metro's 2010 population of 130,291.



6. Fairbanks, Alaska, had a net population loss from migration of 8,736 between 2010 and 2018 — 9.0% of the metro's 2010 population of 97,581.



5. Farmington, New Mexico, had a net population loss from migration of 11,873 between 2010 and 2018 — 9.1% of the metro's 2010 population of 130,044.



4. Hanford-Corcoran, California, had a net population loss from migration of 14,567 between 2010 and 2018 — 9.5% of the metro's 2010 population of 152,982.



3. Hinesville, Georgia, had a net population loss from migration of 8,248 between 2010 and 2018 — 10.6% of the metro's 2010 population of 77,917.



2. Pine Bluff, Arkansas, had a net population loss from migration of 11,360 between 2010 and 2018 — 11.3% of the metro's 2010 population of 100,258.



1. Watertown-Fort Drum, New York, had a net population loss from migration of 14,329 between 2010 and 2018 — 12.3% of the metro's 2010 population of 116,229.




Tyler Durden

Thu, 09/26/2019 - 22:50


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Orwellian Nightmare: Six US Cities Make List Of Most Surveilled Places In The World

zerohedge News orwellian nightmare cities make list most surveilled places world All https://www.zerohedge.com   Discuss    Share
Orwellian Nightmare: Six US Cities Make List Of Most Surveilled Places In The World

A new report from Comparitech, a technology research firm, details how an Orwellian society, very similar to what was written in George Orwell's (non-fiction) novel 1984, is playing out across cities in the US. According to Comparitech, six US cities made the top 50 list of the most surveilled places in the world. 



Why? Because closed-circuit t

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elevision (CCTV) cameras in the US have increased from 33 million in 2012 to nearly 62 million in 2016 and could double or triple from there in the next five years. Both government and private sources operate these cameras in cities.





Surprisingly, CNN HQ-host Atlanta was the US city to make the top ten list, with 15.56 cameras per thousand residents. Cities in China dominated the top 10 ten, with 8/10 spots. Cities in China averaged 39.93 to 168.03 cameras per thousand residents. London, England, was No. 6 on the list with 68.40 cameras per thousand residents. 





The five other US cities on the top 50 most surveilled places in the world were all Democratic party bastions, including Chicago No. 13 with 13.06 cameras per thousand residents; Washington, DC, No. 28 with 5.61 cameras per thousand residents; San Francisco No. 38 with 3.07 cameras per thousand residents; San Diego No. 42 with 2.48 cameras per thousand residents, and Boston No. 46 with 2.23 cameras per thousand residents.



Kenneth Johnson, former Chicago Police Department commander of the Englewood district, told the New York Times last year that residents shouldn't be worried about their privacy because the cameras are in public places. "This isn't a secret. This isn't an Orwellian 'Big Brother.'" 





Atlanta Sgt. John Chafee told Route Fifty that surveillance cameras "play a vital role" in keeping the public safe and the city is expected to expand its more than 7,800 cameras in the next several years. 




"Access to these cameras multiplies the number of eyes we have on the street looking for criminal activity and assisting with situational awareness during large events and gatherings," Chafee said. "They allow us to identify criminal activity as it is occurring, prevent and deter criminal activity, and capture video evidence when a crime does occur to aid in criminal investigations and prosecutions." 




Privacy rights groups, including the Anti Surveillance Coalition (ASC), have called for San Diego to stop surveilling its citizens through cameras. 




 "I understand that there may be benefits to crime prevention, but the point is, we have rights and until we talk about privacy rights and our concerns, then we can't have the rest of the conversation," Genevieve Jones-Wright of the ASC told NBC San Diego.




And last week, we reported that Edward Snowden laid it all out for both The Guardian and Spiegel Online, in a Moscow interview to promote his new 432-page book, Permanent Record, which will be published worldwide on Tuesday, September 17. 



The infamous whistleblower said: "The greatest danger still lies ahead, with the refinement of artificial intelligence capabilities, such as facial and pattern recognition." Adding that, "An AI-equipped surveillance camera would be not a mere recording device, but could be made into something closer to an automated police officer."



With more and more US cities entering the Minority Report dystopia, there is no turning back for cities like Atlanta, Washington, DC, San Francisco, San Diego, and Boston after the implementation of mass surveillance cameras. Artificial intelligence will be the next layer added to these cameras in the early 2020s, acting as automated police officers, as individual rights and privacy are inexorably stripped away in the US government's quest for supreme control over everything.




Tyler Durden

Sun, 09/22/2019 - 23:00
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These Are The Safest Cities In The World

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These Are The Safest Cities In The World

During a time when crime rates in the US - particularly violent crime - are steadily creeping higher once again after declining for roughly a quarter-century, readers may wonder: What are the safest cities in the world?



Well, it shouldn't come as a surprise that few of them are in the US. In fact, when it comes to urban security the Asia-Pacific region is the world leader. In the Economist Intelligence U

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nit's latest ranking of the world's safest cities, Tokyo has once again taken the top spot. Singapore and Osaka (Japan's second-largest city), came in at No. 2 and No. 3, respectively.





Amsterdam came in at No. 4, making it the safest city in Europe. Notably, the Dutch capital confines most non-violent crime to its infamous red-light districts, havens for prostitution and drugs.



Sydney, Australia's second-largest city, took the No. 5 spot, followed by Toronto, Canada's largest city and the safest city in North America.



Making a "surprise" appearance in the top 10 for the first time, US capital Washington DC took the No. 7 spot, making it by and away the safest US city. This marks a massive stride for Washington DC, which was once riddled with AIDS and other signs of urban decay.



Copenhagen, Seoul and Melbourne round out the top 10.





Source: Bloomberg



Ranking 60 cities on five continents, the index takes into account factors including digital, health, infrastructure and personal security as components of overall urban safety.



The cities that led the index offer easy access to high-quality health-care, strong cybersecurity and community-based policing, according to Bloomberg.



As one analyst noted, wealth is an important factor in determining safety, though it's not the only factor.




"Overall, while wealth is among the most important determinants of safety, the levels of transparency - and governance - correlate as closely as income with index scores," said Naka Kondo, the editor of the latest Safe Cities report. "The research also highlights how different types of safety are thoroughly intertwined - that it is rare to find a city with very good results in one safety pillar and lagging in others."




While AsiaPac is home to many of the world's safest cities and countries, there are also many low-scoring cities. These include Myanmar's Yangon, Pakistan's Karachi, Bangladesh's Dhaka and India's New Delhi. All four of these cities ranked in the bottom ten.




Tyler Durden

Sat, 09/14/2019 - 22:30
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Illinois' Financial Decay Spreads To Cities Across The State

zerohedge News illinois financial decay spreads cities across state All https://www.zerohedge.com   Discuss    Share

Authored by Ted Dabrowski and John Klingner via WirePoints.org,



Illinois’ finances aren’t just decaying at the top, they’re falling apart everywhere. The state’s one-size-fits-all pension laws and overly generous benefits have left many cities suffocating under impossible pension debts as their populations shrink, tax burdens jump and resident incomes stagnate. 



Without an amendment to the Illinois Constitution’s pension protection clause – and subsequent pension reforms – expect many cities to head toward insolvency. 

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trong>



The map below shows just how wide and deep the crisis is. Of the 630 downstate police and fire pension funds that reported data to the Illinois Department of Insurance in 2017, 57 percent had funded ratios lower than 60 percent. And nearly 100 funds had funded ratios below 40 percent.





What’s worse, the downstate pension decline has occurred during one of the nation’s longest-ever bull runs. If Illinois public safety pensions are doing this poorly in a great economy, imagine their struggles during an eventual downturn.





False, and true, solutions

Illinois cities – from Kankakee to Danville to Alton – need pension fixes before costs bankrupt them. And while state politicians have effectively quashed any chance for reforms now, that shouldn’t stop city officials from demanding real changes.



Real changes don’t mean pension fund consolidations or tax hikes. Consolidation may reduce administrative costs and increase investment returns, but it’ll do nothing to reduce the pension shortfalls. Not only that, but there’s the risk lawmakers will try to bail out cities by taking over or socializing all downstate pension debt. 



Illinoisans should also beware the talk of a “statewide” solution for the pension crisis. For politicians, a statewide “solution” isn’t about passing reforms, it’s about taxing everyone in Illinois. Chicago Fed economists have already suggested enacting a statewide 1 percent property tax – on top of the nation’s highest rates Illinoisans already pay – to pay for the crisis. 



The only solution that can protect both taxpayers and retirees is structural pension reform and bankruptcy for cities that aren’t yet too far gone. For others, like Harvey, Illinois, it’s probably too late.



Municipal leaders across Illinois need to demand the following if they want their cities to survive Illinois’ collective crisis:




  1. An amendment to the constitution so pensions can be reformed and worker retirement security saved;




  2. The ability to convert pensions to defined contribution plans for workers going forward; 




  3. A freeze on COLAs (while protecting small pensioners) until pension plans return to health, and;




  4. Collective bargaining reforms so officials can hold the line on new contracts. 



And if they get none of the above, they should demand from Springfield the option of invoking municipal bankruptcy. Otherwise, cities will remain trapped in a downward spiral – unable to reform and unable to reorganize.

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Today's Resident Evil: Ransomware crooks think local, not global, prey on schools, towns, libraries, courts, cities...

logicfish Security todays resident evil ransomware crooks think local global prey schools towns libraries courts cities All http://go.theregister.com   Discuss    Share
Small governments make up two-thirds of infection victims observed by infosec bods

Ransomware criminals have taken a particular shine to US city and state governments, infecting them with file-scrambling extorionware in hope of quick payouts.…

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Here Are The Cities With The Most Student Debt 

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LendingTree has revealed a new study that identifies certain US metropolitan areas with the highest student loan balances.



The study's release comes at a time when total student loan debt has reached $1.6 trillion, set to unravel in the next economic downturn. The study gives an eye-opener to the cities where millennials will suffer the most significant financial distress when the crisis unfolds.



About 70% of the cities and surrounding areas with the highest median loan balances are located in the South, including large balances in Georgi

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a, Alabama, Louisiana, and the Carolinas. These areas are known for widespread deindustrialization, high opioid addiction, and weak economic activity.





LendingTree's map shows high concentrations of student loan balances in the South, Rust Belt, and Mid-Alantic.





Borrowers in Washington, DC, carry the most student debt median balance of $29,314. And about 15% of those borrowers owe more than six figures, the highest percentage among the 100 metros surveyed.



Atlanta and Charleston, SC, have the second and third highest balances, averaging both around $28,000.



1. Washington, D.C. (Median balance: $29,314)


Roughly half of the people over the age of 25 in the Washington, D.C., metro have a postsecondary degree — that’s significantly higher than the 28% of all Americans who’ve earned a bachelor’s or higher.



Even more significant: Nearly 1 out of 4 have professional or graduate degrees, more than double the national rate of 10.5%. This helps explain why Washington also has the highest percentage of student debt holders who owe more than $100,000.



But that doesn’t necessarily mean these borrowers are in financial crisis, as most completed their degrees and are earning accordingly. While 22% of Americans left college before finishing, the same is true for only 16.5% of those residing in and around the nation’s capital.




2. Atlanta (Median balance: $28,706)


Atlanta is another highly educated city — 37% of Atlanta residents ages 25 and older have completed at least a four-year education, and nearly 14% have a graduate or professional degree, which is higher than the nation as a whole (10.5%).



However, that doesn’t completely explain why about 13% owe more than $100,000, well above the 8.7% average of the metros we reviewed. The area is home to a plethora of higher learning institutions, including the Georgia Institute of Technology, Georgia State University, Emory University, Morehouse College and Spelman College. Perhaps the need for so many professors helps to explain why Atlanta is more educated — and in more student debt — than the nation as a whole.



Unfortunately, 1 in 5 Atlanta residents left college before finishing a degree, which is in line with the rest of the country.




3. Charleston, S.C. (Median balance: $27,591)


The first of two South Carolina metros among our top five overall, Charleston placed third by a narrow margin. Still, the average borrower here has 4.6 loans, more than any of the 99 other metros we studied.



More students going to college also equals more student loans overall: About 34% of the metro area’s population has at least a bachelor’s degree, trumping the national average of 28%.




4. Akron, Ohio (Median balance: $27,363)


High balances brought Columbia into the top five of metros with the most education debt. About 45% of borrowers in the metro area had at least $50,000 in student debt — and more than 13% of were staring at a six-figure hole.



Interestingly, while the fellow Palmetto State cities of Columbia and Charleston ranked high on the list, Greenville, S.C., did much better, coming in at 39th overall for median education debt.






And metro areas with the lowest median balances were mostly west of the Mississippi River. College graduates in California, Texas, and Utah had some of the tiniest balances in the country.





Student debt is the fastest-growing consumer debt in the country, with $1.6 trillion outstanding, cracks are already starting to appear with 22% of borrowers defaulting.



The economic downturn which started in the summer of 2018, has already manifested into a broad industrial slowdown that is already starting to spread into other parts of the economy.



Millennials will be most impacted in the next recession, and thanks to LendingTree's study, the exact metro areas of this financial stress are now known.

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These Are The Hardest-Working Cities In America

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Productivity in the US has been a hot topic among economists over the past few years, as the Fed and other academics have puzzled over how the longstanding correlations between unemployment & inflation have unraveled in the years since the financial crisis.



Americans are working longer hours than ever before. Yet, wage growth remains stagnant, and automation is killing more jobs than ever before.



Still, the US has perennially ranked as one of the hardest-working countries in the world as American workers clock in more hours than almos

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t any of its peers in both the developed and developing world classifications.



But, in order to drill down and collect more data on the subject,  Kempler Industries carried out a study to rank the 200 hardest working cities in the US. In order to compare apples to apples, Kempler ignored cities with populations below 150,000.



A map below shows the top 10 hardest working cities.





Washington DC takes the top spot, scoring 90 points out of 100. But although DC takes the top spot, seven out of the top ten hardest-working cities on the list could be found in the Lone Star state.



One reason why Texas had so many of the hardest working cities: Across Texas, roughly 20% of the state is of retirement-age.



And not only were workers in these cities working longer hours than Americans elsewhere, they were also commuting longer. With the exception of Irving, every Texas city within the top 10 had an average commute that is longer than the national average.



In terms of population, the largest cities on our list are Chicago and New York City while Pembroke Pines, Florida and Grand Prairie, Texas are the smallest cities on our list.



Taking a step back, as the chart below shows, productivity in the US has been declining since the mid-aughts





Theories about the underlying causes of this slowdown in productivity abound: one explanation holds that institutions and corporations are not deploying the new technologies very effectively for a variety of reasons: the cost of integrating legacy systems, insufficient training of their workforce, and finally, ill-planned investments by some companies utilizing these technologies scaring off others from following suit (perhaps more successfully).



To be sure, after years of declines, productivity posted its best quarterly growth during Q4 of 2018, according to BLS.





Courtesy of CNN



Remember: Productivity is important because producing more value with every unit of energy, every tool and every hour of labor helps drive higher wages, profits, taxes and general prosperity.



Then again, there's another explanation that has been catching on recently: Social media is helping to distract workers at unprecedented rates. According to one study, Americans are spending nearly 6 hours a day on their phones, facebooking, snap-chatting, insta-graming and interacting with their friends and others via social media networks.



That time has got to come from somewhere.

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National League Of Cities Warns: "The United States Has A Housing Crisis"

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The National League of Cities (NLC) published a new affordable housing report titled "Homeward Bound: The Road to Affordable Housing," last week.





The report cautioned about an affordable housing crisis unfolding across cities, towns, and villages in the US. It says stagnating wages and soaring real estate prices have become the most significant barriers to economic prosperity for American families.




"In fast-growing cities, wages lag behind housing costs, leading to a scarcity of affordable housing,"

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strong>NLC states.



"In legacy cities with slower growth, a persistent high rate of vacant and blighted housing exists due to the ongoing after-effects of the foreclosure crisis, and general economic disruption."




Housing specialists, scholars, real estate developers, city staff, and task force members (mayors from around the country) all took part in creating the new report.



The crisis has forced many people to become homeless. Latest government data shows more than half a million Americans are homeless. A lot of the homelessness is based around West Coast cities where home prices have jumped but wages haven't for the working class. Half of those who rent homes are cost-burdened, and the average minimum-wage worker has to work 99 hours per week to afford just a one-bedroom apartment.





Housing is the most significant factor impacting economic mobility for people. It's a growing cost for an increasing number of working families, creating cost burdens that affect millions of people.



Nearly 40% of households are renting, and research shows half of these households spend at least 30% of their income on housing, a dangerous level that has depleted the savings of 50% of Americans who have less than $400 in savings.




"All levels of government – local, state, and federal – need to face the nation's growing affordable housing crisis," said Washington, DC Mayor Muriel Bowser, Chair of the NLC Taskforce on Housing.



"The time is now for local leaders and the federal government to make bold investments that will ensure our residents have access to a safe and stable home. Our Taskforce's report is a roadmap for how we can work together to confront this crisis with innovative strategies before it is too late."




NLC notes that when affordable living conditions are achieved, communities tend to prosper which strengthens future generations.



But as we've noticed, the middle-class bottom 90% of Americans haven't been given wages that allow them to afford homes in the S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA Index (which include 20 major U.S. metropolitan areas: Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa and Washington, DC).



President Trump promotes "the greatest economy ever" on Twitter as wages have slightly moved higher in the last several years. But adjusted for inflation, wages are the same as they were in 2000.





In some cities, such as San Francisco and San Diego, most homes have been hyperinflated in the last decade because of the tech bubble, have become areas that are considered the epicenter of the affordability crisis.



The affordable housing crisis has paralyzed tens of millions of Americans. They can no longer afford to buy homes but have to rent apartments with rising costs that deplete a bulk of their wages. Millions will never recover; Millions will never be able to afford a home again: The American dream is dead. 

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Floating Styles - Professional Diamond Painting Site

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We provide professional Diamond Paintings, like combination diamond painting, animal, pet, landscape, cities, nature, flower, cat, puppy, dog, peacock, unicorn, owl and fairy. We also provide tools like lighting pad, tool kit, quick painting pen.

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