Posted on 12/11/2010 2:58:25 PM PST by 2ndDivisionVet
"We're seeing one of the lowest mobility rates in a century," says Nathaniel Karp, chief economist for banking firm BBVA Compass. Karp says the recession has forced many people to stay put because they are unable to sell their homes, cannot find jobs or are unwilling to relocate for work if it means sacrificing a partner's stable position.
The slowdown makes the question of who's moving and why even more significant than in years past. Using 2010 projections by Moody's Economy.com, Forbes ranked the states in which people are leaving faster than they are arriving. Economists report several overlapping trends that may be forcing people out of certain states as much as they are pulling them toward others.
At No.1 on our list, New York is expected to wave goodbye to 49,000 more people than it gains this year. The state has seen a steady loss of residents over the past five years, losing an average of 100,000 people per year. Karp explains that, because New York is a large state, it may report greater movement than others, but notes that population size is not the only reason residents are fleeing.
"In order to move, you need to be able to sell your home," says Karp. "The housing market [in New York] has not gone through the meltdown that other states have gone through."
While New York homeowners may have a slightly easier time selling their homes and moving to greener pastures, a competing trend is the number of unemployed renters who can no longer afford the high cost of living in and around New York City. Karp says the expensive lifestyle and high taxes may force the long-term unemployed to move on to more affordable regions.
The Prairie State came in at No. 2....
(Excerpt) Read more at realestate.yahoo.com ...
I’m waiting for many of the big Insurance companies in CT to close up shop and find greener pastures. With the incoming Dems at all levels it is only a matter of time.
Interesting that ND is on the list. We have a housing shortage here with the influx of people working the oil fields. We also have the lowest unemployment in the country.
However, we do export a lot of our college graduates to seek their fame and fortune. Also, a large number of elderly leave the state each winter for Fla., Tx or AZ.
I am sure I would not want to move to any of those states. I guess I will stay in Wyoming, where men are men and so are some of the women.
I thought my Golden State would be first, and it’s not even on the list!
The loss of folks from Nebraska just doesn;t make sense, when there are such high unenployment rates elsewhere. here in SW Nebraska, we have an unemployment rate of 4%. It’s hard to find good workers. My company is desperately seeking welders and machine operators. The health care industry has all kinds of openings. Houses in my town sell for anywhere from $20,000 for a fixer-upper to less than $200K for a McMansion. You can get a small acerage and old farm house with out-buildings for less than $100,000. And the winters really are not that bad.
Nebraska and Kansas...I call bovine secretions.... Back to the old adage...liars figure and figures lie...
Except for Louisiana and Mississippi they’re all snowbelt. The big snowbelt exodus continues.
That stuff very dire and not reflected in an article like this one.
But......since you have nothing to do, get out to my place and help fix fence. (and take a couple round bales out to the cattle while you're on the way)
Holiday Bowl? (from a Husky fan :) )
SW Nebraska? Anywhere near Kimball? We lived there when my dad worked on Minuteman missiles back in the 60s.
Here in NY the women are women and so are some of the men! I’m not sure which is worse.
Last winter was the worst one I can remember. This winter so far (excluding today) has been the mildest I can remember, I believe this is the first snow we’ve had all year.
I would love to come over and fix fence, especially since its 16 degrees with a 40 mph wind!
Were playing Washington..........again.
Hows the wind?
If you’re going to be poor, you might as well be poor in good weather. CA is probably in the middle of the pack - because its productive citizens are leaving at the same rate the parasites are entering.
I’m not implying anything. Those are the top 5 states from the article. I don’t see a commonality.
‘....the weather sucks and there is nothing to do here....’
That was my first thought. Perhaps youngsters are leaving for the same reasons they always do; opportunity and adventure.
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