Posted on 03/31/2011 2:31:29 PM PDT by blam
Cities Where Things Are Getting Worse
By Morgan Brennan, Forbes.com
Mar 29, 2011
It’s no secret the U.S. economy has for the past several years been slogging along at a slovenly pace. Hopeful signs of recovery are peeking through in some areas of the country, but many more continue to struggle under the weight of collapsed housing markets and high unemployment. But even California, home to Silicon Valley and Hollywood and once the darling of the housing industry, is no longer feeling golden.
Six California cities claim spots on our list of Cities Where The Economy May Get Worse. Riverside took the number one spot, thanks to a high unemployment rate (13.9%) coupled with weak job growth, a hefty number of mortgage loans 90 days or more delinquent (8.21% of all loans) and a projected migration pattern that finds 4,000 residents expected to leave the area this year.
In Pictures: 15 Cities Where It's Getting Worse Other Golden State metros on the list: Stockton at No. 2, Los Angeles at No. 4, Bakersfield at No. 5, San Francisco at No. 6 and Sacramento at No. 7. All of these cities have double-digit unemployment rates and paltry job growth projections. All except LA have housing markets in which prices continue to decline or remain stagnant.
"Struggling housing markets, state government cutbacks, combined with economies that lack industrial diversity and are heavily dependent on low-wage industries, such as agriculture, will hold back job growth." So says Celia Chen, a senior director at Moody's Economy.com, about many smaller California metros.
Behind The Numbers We started with the 85 largest Metropolitan Statistical Areas (MSAs) as defined by the U.S. government's Office of Management and Budget. These areas include both the cities they are named for and the geographic areas
(Excerpt) Read more at realestate.yahoo.com ...
Cities Where Things Are Getting Worse = democrat party in power.
...libs control those cities.
And after the next election, libs will still control those cities.
So what do you want me to say?
According to Jerry Brown the taxes in California are not high enough. I am not being sarcastic.
” And after the next election, libs will still control those cities. “
Until the mobs take over and the burning begins....
When that happens Tea Partiers will be blamed. (along w/Bush)
You mean the racist and extreme Tea Party?
* Do NOT pick your feet in Poughkeepsie!
I had to stop in Jacksonville a few years ago to get gas. I definitely got off at the wrong exit as I was the only person not of color, so to say. Anyway, I got my gas and decided to stop at McDonald’s for a quick bite.
It was a very weird experience getting served at the drive through with bars on the window and a box like a bank tellers cash box to pass the food through.
So yes, I can see Jacksonville being on this list.
Atlanta pretty much sucks.
Re: Dayton, Ohio. Good ghods. I go to the world’s biggest amateur radio convention there almost every year and have since about 1982. I’ve watched that $#!+hole of a city go “progressively” downhill every year. It’s almost a ghost-town now, even out in relatively-higher-income Trotwood where the show is held at the dilapidated HARA arena. Thank goodness I’m going to the European show this year in Friedrichshafen, Germany.
Denver ain’t no picnic either
Pray that it will get just a little bit better and I’ll sell and be outa here before you can say Jack Rabbit
Dayton has had its share of democrat mayors who don't know $hit about attracting business, but they are adept at running them out of town. A once thriving city is now starting to resemble Detroit.
My Mother (bless her soul) used to talk like that. Except she'd say, "faster than you can say Jack Rabbit."
She was a farmers daughter....
Riverside/San Bernardino are pretty much bedroom cities. They were once agricultural/transportation centers with several military bases. The bases are all gone and the agricultural land is now subdivisions peopled by people who work in LA and Orange counties.
90% of San Bernardino and Riverside Counties are sparsely populated and mostly Republican.
bttt
1. Riverside/San Bernardino, CA
2. Stockton, CA
3. Detroit, MI
4. Los Angeles, CA
5. Bakersfield, CA
6. San Francisco, CA
7. Sacramento, CA
This is why I keep telling my family they need to get the hell out of CA. Especially because they are part of the demographic that’s going to be soaked to pay for CA’s fiasco. Need to be somewhere else before that plan goes into full effect.
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