We aren’t seeing that kind of recovery here in NJ; in fact, we have the famous Xanadu mall right next to Giants Stadium in the Meadowlands that was finished years ago (complete with an indoor ski slope) that never opened (you’ll see it at next year’s Super Bowl - it is a mutli-colored monstrosity). People and jobs are still leaving the area (which is why we have a de facto amnesty here - without illegals and their anchor babies, we’d have a lot of unoccupied housing and empty schools). A few years ago my town got its first pawn shop; the family businesses that closed are replaced by tattoo parlors, hair & nail salons, Latino fast food dives, and laundromats (for the increasingly transient population living in illegal apartments). Our train service to NYC has been discontinued, and anyone with money looking to settle down has too many nicer options within a half hour’s drive (with lower taxes and more Americans).
I couldn’t imagine how the remaining working people are going to pony up the thousands of additional dollars ObamaCare will cost them; we have nothing left.
In spite of our current economic boom which is dependent on visitors with more disposable income, we have seen the same so called boom the past 4+ years:
“the family businesses that closed are replaced by tattoo parlors, hair & nail salons, Latino fast food dives, and Laundromats.”
Discount chain stores like Walmart and Target are doing great. Other discount stores are in the process of having new buildings built in existing shopping centers. A couple of new ones will be free standing with rental spaces for small foodie and whatever shops in their new areas.