Tue, 10 January 2023
It might be desirable to concentrate only on those locations that are growing when choosing a place to practice. Still, that isn't always the best choice. Some areas may not be increasing in size, but they have favorable demographics (such as employment, age, or income). The locations that are showing "out-migration" are the ones we see as having the most risk. Three of these were once growing but have reversed their trends. These include Oregon, Washington, and Colorado.
This episode describes just WHY these formerly thriving places are losing population (surprisingly). Some of these sites are pricing themselves out of the market. Of particular note is the very high tax rate we are seeing. This has particularly surprised demographic experts at the speed of the effects on population and employment. The market has fallen very rapidly. No one seems to know when these trends will be stabilized.
Direct download: outAudio.mp3
Category:general -- posted at: 11:27pm EDT