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Author: Goofyhoofy Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 455782  
Subject: Re: I like it! Date: 4/21/2013 1:31 PM
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It really is a beautiful City, and lots of people want to live here. But few people stay once reality sets in. So there are few home owners, mostly renters,

Hardly uncommon:

San Francisco: Homeownership rate, 2007-2011 37.1%
http://quickfacts.census.gov/qfd/states/06/06075.html
Orlando: Homeownership rate, 2007-2011 40.6%
http://quickfacts.census.gov/qfd/states/12/1253000.html
New York City Homeownership rate, 2007-2011 32.6%
http://quickfacts.census.gov/qfd/states/36/3651000.html
Boston Homeownership rate, 2007-2011 34.6%
http://quickfacts.census.gov/qfd/states/25/2507000.html

There are other cities with higher rates of home ownership; in general (at least the few I tried) those tend to be older, more gentrified cities where people aren't as mobile.

I'd think people with brains would be moving to low cost states.

People with brains like to get paid for having brains. That means going to an "intellectual capital" state like California, New York, Washington, Massachusetts, Connecticut, Chicago. Others find greater success trading muscle power on assembly lines, factory farms, or other rote-type work.

States that specialize in brain power industries tend to have higher living costs, compensated by high paychecks. You can look it up, if you like. You can use those same charts, and those of other cities, to confirm the coorelation.
 
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