Re:What Happens to Home Prices When Technologists Come to Town
by mc32 on Friday June 19, 2015 @07:03PM
(#9748189)
Exactly the same phenomenon happens when hydro fracturing comes to town. Except the ramp up is much faster and incurs much more disruption and, unfortunately, so far, is far more short lived. By the time municipalities catch up with the demand the industry goes into a bust.
Technology on the other hand brings, so far, long term prosperity to previously declining areas. The problem I see is that municipalities want the prosperity without the consequences. They want the tasty burger without the cholesterol. Western economies, or rather, societies, have this strange unease with rapid urban expansion. An unease I have not encountered so much in Eastern economies and societies. In the east, progress is seen as generally good, whereas the west has greater suspicion of it.
Re:What Happens to Home Prices When Technologists Come to Town
by ChuckMcM on Friday June 19, 2015 @07:00PM
(#9748183)
There was an article about that in the economist (http://www.economist.com/news/united-states/21644164-gentrif...) which basically said the economic indicators for an area are better for everyone when this happens.
What would be interesting to me though would be data along the lines of "What is different when technologists come to town vs. [insert some other group]"
- What does it do to supporting industries/economies?
- Do schools start performing better?
- Do the local municipalities fare better because of the group that is coming in?
- Do maker labs start springing up?
- Does the level of poverty decrease?
That's the kind of stuff I'd be interested in learning about. I guess I'm asking what ACTUALLY happens when technologists come to town that's different than when doctors come to town or garbage men, etc.