citykid09 Posted February 17, 2009 Share Posted February 17, 2009 America's Emptiest CitiesBy Zack O'Malley Greenburg, Forbes.comFeb 12th, 2009Las Vegas edged Detroit for the title of America's most abandoned city. Atlanta came in third, followed by Greensboro, N.C., and Dayton, Ohio. Our rankings, a combination of rental and homeowner vacancy rates for the 75 largest metropolitan statistical areas in the country, are based on fourth-quarter data released Feb. 3 by the Census Bureau. Each was ranked on rental vacancies and housing vacancies; the final ranking is an average of the two.Full Article: http://realestate.yahoo.com/promo/americas...est-cities.html1. Las Vegas2. Detroit3. Atlanta Link to comment Share on other sites More sharing options...
Jeebus Posted February 17, 2009 Share Posted February 17, 2009 I keep hearing how Atlanta is taking this recession really hard. Why is that? Is Atlanta an isolated incident in the south, or is it more common in the bigger southern cities and the media is just focusing on Atlanta? Link to comment Share on other sites More sharing options...
citykid09 Posted February 17, 2009 Author Share Posted February 17, 2009 I keep hearing how Atlanta is taking this recession really hard. Why is that? Is Atlanta an isolated incident in the south, or is it more common in the bigger southern cities and the media is just focusing on Atlanta?I think its just the media. CNN is based there. Link to comment Share on other sites More sharing options...
Jeebus Posted February 17, 2009 Share Posted February 17, 2009 Okay, well why are things bottoming out for Atlanta? What's going on over there? Link to comment Share on other sites More sharing options...
UrbaNerd Posted February 17, 2009 Share Posted February 17, 2009 Maybe it has something to do with all of those projects that went up, eh? Link to comment Share on other sites More sharing options...
TheNiche Posted February 17, 2009 Share Posted February 17, 2009 Okay, well why are things bottoming out for Atlanta? What's going on over there?It got overbuilt to start with, and then the bottom fell out of the economy. It's kind of like Phoenix in a lot of ways. A lot of its growth was driven by activities that support growth. For instance, Home Depot is headquartered there, and they've made some pretty serious staffing cuts. Likewise, ad revenue for media is way, way down, so the Turner empire is having to become more lean. That probably does have something to do with the press about it...but it's not just press, it really is reflected in the data. Phoenix isn't on the list, but it's probably really close. And I'm surprised that Riverside isn't on the list. Miami is bad too. Link to comment Share on other sites More sharing options...
Highway6 Posted February 17, 2009 Share Posted February 17, 2009 Phoenix isn't on the list, but it's probably really close. And I'm surprised that Riverside isn't on the list. Miami is bad too.Good call.. phoenix is #6http://www.forbes.com/2009/02/12/cities-te...partner=yahoore Link to comment Share on other sites More sharing options...
RedScare Posted February 17, 2009 Share Posted February 17, 2009 Good call.. phoenix is #6http://www.forbes.com/2009/02/12/cities-te...partner=yahooreAnd Miami is 11th. In fact, every Super Bowl City since Houston in 2004 is on there, up until Dallas in 2011. Link to comment Share on other sites More sharing options...
Highway6 Posted February 17, 2009 Share Posted February 17, 2009 up until Dallas in 2011.Ooo.. let's keep our fingers crossed for next year's list. Link to comment Share on other sites More sharing options...
Pumapayam Posted February 17, 2009 Share Posted February 17, 2009 1. Las VegasWell, they must have tons of hotels rooms open now, which means they may drop room rates to compensate.Cheaper rooms means that all the nice hotel rooms will start become run down as the riff raff take over.Edit: I thought this referenced all things, but it seems to cover only rentals and housing, not hotels.NM. Link to comment Share on other sites More sharing options...
TJones Posted February 17, 2009 Share Posted February 17, 2009 Well, they must have tons of hotels rooms open now, which means they may drop room rates to compensate.Cheaper rooms means that all the nice hotel rooms will start become run down as the riff raff take over.Edit: I thought this referenced all things, but it seems to cover only rentals and housing, not hotels.NM.Forget the hotel, go rent out a nice hacienda on a golfcourse. Have the hotel you want to gamble at come pick you up in their limo.Oh, and check out this arrogant jacka$$ !!!http://news.yahoo.com/s/time/20090216/us_time/08599187977400 Link to comment Share on other sites More sharing options...
Houston19514 Posted February 17, 2009 Share Posted February 17, 2009 I think its just the media. CNN is based there.?? So, did the media make up this high vacancy rate you first posted about?It's clearly not just the media. I guess Atlanta has just been taking a lot of relatively unrelated hits recently. As Niche already mentioned, cutbacks at Home Depot and CNN/Turner. Plus some pretty huge hits from AT&T's buyout of Bell South, and some other major hits in the last year or so.Recently there was a report on metro job gains and losses for 2008. Houston was the #1 gainer, adding 42,400 jobs. Atlanta lost 66,100 jobs, second worst to Detroit's loss of 67,700. Link to comment Share on other sites More sharing options...
Jeebus Posted February 18, 2009 Share Posted February 18, 2009 Recently there was a report on metro job gains and losses for 2008. Houston was the #1 gainer, adding 42,400 jobs. Atlanta lost 66,100 jobs, second worst to Detroit's loss of 67,700.Wow. Those are some staggering numbers. Link to comment Share on other sites More sharing options...
Subdude Posted February 18, 2009 Share Posted February 18, 2009 Recently there was a report on metro job gains and losses for 2008. Houston was the #1 gainer, adding 42,400 jobs. Atlanta lost 66,100 jobs, second worst to Detroit's loss of 67,700.Link? Link to comment Share on other sites More sharing options...
tamtagon Posted February 18, 2009 Share Posted February 18, 2009 That ATL area job loss figure sounds familiar....Even if the country hadn't experienced an economic catastrophe, Atlanta would have still shown up as one of the population centers with an excessive amount of dwellings. A lot of people have been moving to Atlanta, but not as fast as builders built. I was kinda surprised Dallas didnt make the list, until realizing that Forbes advertisorial piece on "empty" considered where people lived, rather than where they worked. Link to comment Share on other sites More sharing options...
kenc Posted March 19, 2009 Share Posted March 19, 2009 I was kinda surprised Dallas didnt make the list, until realizing that Forbes advertisorial piece on "empty" considered where people lived, rather than where they worked.High office vacancy rates are not a good thing, but people walking away from mortgages and vacating apartments because there are no jobs is much worse for a city than empty offices. Dallas was conservative in building residential as compared to Florida, Atlanta and Vegas over the last decade. The city is poised to come out of the recession more quickly because it is not as overbuilt as others. Link to comment Share on other sites More sharing options...
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