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Iowa Fights Brain Drain

Posted by: Chris Steins
Thanks to: Chris Steins
7 February 2005 - 9:00am

Young, single, well-educated adults under 30 are leaving Iowa in droves. The state is considering abolishing the state income tax for everyone under 30.

"Iowa suffers from an alarming brain drain: It loses more of its young, single, well-educated adults than any state except North Dakota. In search of bigger cities, hipper crowds and warmer weather, young Iowans flee in such numbers that demographers predict the state will face a drastic labor shortage within two decades."

Full Story: Exodus of Its Restless Young Makes Iowa Fear for Future
Source: The Los Angeles Times, February 6, 2005
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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?"
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