Posts Tagged ‘higher education’
Top 10 Cities Primed for Recovery
August 21st, 2009 | 
Author: 10. Tulsa (projected vacancy rate in 2010: 19.2 percent, up 2.2 percentage points from 2008). The oil and gas sector was an albatross in the 1980s, when Tulsa suffered from a severe energy bust. But in recent years energy (along with healthcare, aerospace, and government) has helped sustain Tulsa’s economy. Employment and economic growth are much better than national averages, and unlike in other cities, most big construction projects have stayed on track. With new buildings coming online, the overall vacancy rate will stay high until the economy fully rebounds. But it will worsen only slightly in 2010 and probably start to improve by 2011.
9. Pittsburgh (17.3 percent, up 2.4 points). This once industrial city wriggled out of the Rust Belt years ago, and the economy now revolves around medicine, technology, and higher ed. At 7.7 percent, the unemployment rate is nearly 2 percentage points lower than the national average. Few people got rich in Pittsburgh during the real estate boom, which seemed to pass the city by. But the bust has spared Pittsburgh as well, with home prices remaining more stable than in most other markets. That leaves the Steel City primed for a recovery. Read the rest of this entry »
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The Next Bubbles to Go
It’s every investor’s dream — buy into an asset class on the rise before any one else has caught on. . . ride it all the way up until it gets bubbly. . . and then sell it to suckers.
Whether it was buying houses in 2004 (as we did), only to sell and go short in 2007 (as we did). . . or tech stocks in the late 1990’s only to see their cataclysmic fall in 2001, we are all too familiar with the term “bubble” in recent years. In short, “bubble” is loosely defined as an unstable boom based on speculation in stocks, often followed by a financial crash.
We’ve seen it happen in Treasuries, financials, commercial real estate, autos, and credit. We watched in tortured silence, as an over-extended housing bubble popped, triggering a seismic credit meltdown.
And now, unbeknownst to many, as we deal with banking and housing issues, there are two more bubbles that could pop. . . and soon. Read the rest of this entry »
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