[quote=FlyerInHi][quote=millennial]
I don’t think industrial jobs will ever come back to the Midwest because of mechanization and outsourcing. Also if it does, it will never be like the 70’s and early 80’s where factory workers were getting paid 6 figures due to the unions and non-competitive foreign products.
[/quote]
That’s so true. That’s why we need to focus on new jobs, not bring back old jobs.
[quote=millennial]
Despite this, cities like Detroit are now growing again and property values are growing as well. My sister just purchased a refurbished loft style condominium in a high rise for over $250k. Rent comps within the building are running between 2500-3000 a month and the available units get picked up quick. Companies such as Quicken have come in and incentivized workers by paying for their rent, or covering some of the down payment to do so. Anyways, just wanted to say that the those industrial cities are starting to right size and fill up again with professionals.[/quote]
So true again. Those old cities have great architecture and the city cores are doing well. the old urban sprawl… not so much.
Pittsburg is the same with Carnegie Mellon as a draw. Even Harrisburg, PA, the state capitol is reviving with new condos. A friend was trying to get to me to bid on a building at a ridiculous price, but it’s too far for me to handle. A beautiful stone building like in NY or Chicago! Great opportunity for real estate, but too cold for my blood.[/quote]
These Jobs are only a very small personage in these areas, most Jobs are very minimal in these cities.
