/biz/ - Business & Finance

>no hurricanes
>no earthquakes
>no tornadoes
>climate is getting warmer every year
>will never run out of water (re: arizona)
>housing is still fairly affordable(re: nyc, california)
>extremely diverse economy not susceptible to bubbles (re: tech hubs)
>at least five >billion-dollar development projects going on RIGHT NOW

and this is where it gets interesting:
>poor black and hispanic residents leaving the city in droves
>wealthy, young white residents have stemmed that exodus (re: much higher-quality residents) with billions being pumped into downtown
>city still down 1 MILLION people from it's peak, and has literal acres of urban, transit-connected vacant land ready for construction

Any guesses? It's Chicago. Crime is the last hurdle we need to jump to start hyper growth. And we're about to elect a pro-police mayor and get our crazy mayor out of office. everyone, even the most progressive residents hate her. And the election is in 6 days.

Screencap this post and come back in 5-10 years. I may be early, but I am not wrong.

>moved out of parents house 2 years ago
>parents saw insane home value increase during the pandemic housing run-up
>parents are cashing out a small fraction of their equity to match what I have saved for my down payment

Is this a good idea anons? I have been renting for a little under 2 years (graduated 2021). Worried with where interest rates are at it's not worth it. The area I'm in has remained remarkably stable and hasn't seen a crazy run-up like the sunbelt has in recent years. I plan on living here for at least a decade, likely longer.

>>53545087
>>53546842
The midwest is 100% not full, population loss reflects that.

Also, where do you think all of these people moving to Arizona/California/Nevada/Utah originated? Many, the majority even, come from the Midwest. Same with lots of people moving to the south. Lots of midwest transplants in Florida, Tennesee, etc as well.

A great thing about the Midwest is many of the city centers are
>dense
>have cheap housing
>have plenty of water
>have outsized infrastructure built for populations many times their current size
>have lots of space to grow
and are perfect places to add new transit once the population supports it. As mentioned, cities that fit this mold are:
>detroit
>chicago
>cincinnati
>minneapolis
>columbus
>cleveland
>St louis
>Kansas city
>indianapolis
>milwaukee
>madison

Most if not all of these cities are down significantly from their population highs. Chicago, for example, is down 1 MILLION people from it's population peak. Much of that is to do with the crime in the poor/shitty neighborhoods, many of which are rapidly gentrifying. Same can be said for many other midwestern cities.

Problem is many of these cities have serious crime problems. If they gentrify, the crime leaves with that new wave of gentrification. It's a massive untapped market that can be easily exploited.

Not sure if this already exists but it seems like something everyone my age would use.

Idea: one-stop bill-pay service - essentially a credit card that you put all of your recurring subscriptions/bills on, and eliminates the worry of a late fee by covering the payment ahead of time and carrying a balance until paid each month.

>rent/mortgage/property tax
>insurance: health, dental, etc
>utility bills
>subscriptions (netflix, spotify, etc)
>gym membership
Basically any recurring purchase one makes each month - pay one bill and done with it, and gives you a buffer in case you forget.

Revenue model: charge a 0.5 or 1% fee on all bills included. Or - you could charge late fees/interest on a balance too.

What do you guys think? Think of all of the millenials/zoomers who are retarded and can't remember to pay everything on time? Myself included in this - would be a nice help but also an easy way to collect revenue in an economic downturn. On top of that, people are less likely to cancel because it would mean switching all of their cards back to what they used prior.

Think of it this way:
>between all subscriptions/bills (especially rent) - $2000/mo in recurring costs
>1% of that - 20/mo
>1500 signups = 30k/mo
>15000 signups = 300k/mo

Seems fool proof to me. Imagine a million.

I take the blue line to work in Chicago every morning (same line that runs north to o'hare) and there are a LOT of flight attendants that live around here. They always seem really stressed out and miserable. Just an observation. The pilots look happy though

>>53064253
>My cousin is a Redfin agent, and like 90% of the agents have had ZERO work for MONTHS.
On an individual level, that's terrible. Hope your cousin finds some deals soon.

On a systemwide level, this is excellent news. Time to accumulate.

Yes, i'm in training right now to take over the small company i've worked for for the past two years. It's an insanely daunting task and now I can tell why the two guys more senior than I am passed up the opportunity.

>>52968409
It was more of a pregame but believe it or not, there are some social adjusted people who use 4chan as a way to blow off autistic steam

Depends, am i still running the business I own or does that not exist anymore?

if existing business is not a factor
>caribbean - st kitts as mentioned, antigua, st barths, or st lucia
>switzerland
>Florida (home state), preferably tampa/st pete, boca or miami
>london (specifically with non-dom income)
>montenegro
>monaco if I could afford it (absolutely not on 1m)

if existing business IS a factor
>chicago (where I currently live)
>manhattan
>london (again, non dom)
>dublin
>Florida - same as listed above (anything but miami)

My worst financial decision was being born in 1998

>>52961111
>LINK CAN'T BREAK $6
I still remember when we thought link wouldn't break 10 cents