Richard, basically I think of these places with very high housing costs as being unsustainable. Especially as the population becomes dominated by retirees. It'll be interesting to see what happens to real estate in these expensive areas of the country.
________________________________ From: "pundits...@gmail.com" <pundits...@gmail.com> To: FairfieldLife@yahoogroups.com Sent: Monday, October 7, 2013 9:34 AM Subject: [FairfieldLife] RE: Upward Mobility "Like medieval serfs, increasing numbers of Californians are downwardly mobile, and doing worse than their parents: native born Latinos actually have shorter lifespans than their parents, according to one recent report..." 'California’s New Feudalism Benefits a Few at the Expense of the Multitude' Daily Beast: http://www.thedailybeast.california-s-new-feudalism ---In FairfieldLife@yahoogroups.com, <fairfieldlife@yahoogroups.com> wrote: "It's no coincidence that those blue shaded areas overlap the Bakken formation, one of the largest shale oil and gas plays in the United States. And energy-rich Texas, home to the oil-rich Permian basin and the Eagle Ford shale formation, is also relatively upwardly mobile." 'The Shale Boom and Income Mobility' http://tinyurl.com/mog9qd2 Interactive Map: http://tinyurl.com/luoln6j
