Reverse Migration

7 September 2004 - 10:00am

Entrepreneurs And urban professionals are discovering life in the heartland. Are small cities the new economic cutting edge?

In "Life 2.0: How People Across America Are Transforming Their Lives by Finding the Where of Their Happiness", Forbes publisher Rich Karlgaard "documents the movement of "executive class" people from major coastal cities (and centers of finance) to towns like Denver; Bozeman, Mont.; Des Moines, Iowa; and Green Bay, Wis., in search of the good life at more affordable prices.Karlgaard's interest in urban flight was initially motivated by the heavy response to a Forbes column he wrote in 2002 called "Boonyack Comeback." He wrote that "small cities could well outperform large cities economically over the next decade."

Source: The Denver Post, September 5, 2004
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"