Re:Governments Should Compete for Residents, Not Businesses
by hammock on Wednesday March 08, 2023 @04:10PM
(#35074772)
> generally it is easier to move somewhere new than to feel entitled to change a municpal culture simply because you got older.
This notion sounds right, but observationally it is incorrect in practice. In Chicago the neighborhoods cycle between bustling, vibrant - when filled with new, young singles who move in and bring business with them; and eventually evolving over a decade or so into a bougie DINK family-oriented community, before completing the lifecycle as a sleepy, economically depressed place with miserably stable/flat real estate values that you just pass over.
Seen this exact cycle happen with a dozen different neighborhoods in Chicago.
If people were instead moving to a different area, this wouldn't happen. Well, some are moving to different areas (the suburbs, etc) but not entirely.
This notion sounds right, but observationally it is incorrect in practice. In Chicago the neighborhoods cycle between bustling, vibrant - when filled with new, young singles who move in and bring business with them; and eventually evolving over a decade or so into a bougie DINK family-oriented community, before completing the lifecycle as a sleepy, economically depressed place with miserably stable/flat real estate values that you just pass over.
Seen this exact cycle happen with a dozen different neighborhoods in Chicago.
If people were instead moving to a different area, this wouldn't happen. Well, some are moving to different areas (the suburbs, etc) but not entirely.