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Geographic Proof of Government Inefficiency?

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November 23, 2009 – Comments (8)

Just wondering, because a map I found through a link on Brokamp's blog shows that the DC area has pretty much the highest concentration of high income counties in the U.S.A.

And, well, I'm just saying, the number one industry out here is government, and businesses that support the government.

Worth a look and a ponder, I'd say.

Sj

8 Comments – Post Your Own

#1) On November 23, 2009 at 2:24 PM, TMFGebinr (97.64) wrote:

Did you notice how you can pick out the metropolitan centers just from the color?  Darker = higher median income = large cities.

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#2) On November 23, 2009 at 2:48 PM, chk999 (99.98) wrote:

So I guess this is disproof of the Efficient Government Hypothesis?

If so then the Cr@p Asset Pricing Model is toast too.

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#3) On November 23, 2009 at 2:52 PM, TMFBent (99.83) wrote:

Also interesting: Loudoun county, VA, has one of the highest median income levels, but unless things have changed since I last looked (or if my remembery is completely off) it was also an undisputed leader in the DC area in foreclosures, mortgage delinquencies, and dropping home prices.

Sj

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#4) On November 23, 2009 at 2:58 PM, TMFBent (99.83) wrote:

Some stuff on Loudon.

Loudoun County

With the exception of January 2009, each month this year has been behind the correlating month from 2008, said Rosemary deButts, a housing analyst with DAAR and the Virginia Association of Realtors.

While both sales volume and median prices increased dramatically from 2000 to 2005, the number of sales is down 46 percent and the median sale price is down 33 percent since 2005, deButts said.

 

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#5) On November 23, 2009 at 3:12 PM, Toburk (58.51) wrote:

I suppose it would also be interesting to note that D.C. has a higher infant mortality rate than most Chinese cities.

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#6) On November 23, 2009 at 5:18 PM, AbstractMotion (54.15) wrote:

Loudon was definite bubble territory.  There was basically nothing there until a few years ago.  After they shut down the prison, developers started moving in and building expensive housing, so it's not too shocking that's it's come crashing back to earth.

 

It's definitely government related, a lot of money related to the government, lobbying it and some defense contractors/military sits outside D.C and in Northern Virginia.  The other important thing to note is that there's been phenomenal growth in the area, Fairfax County alone has something like 1/7th the population of the entire state.   So it's possible there's some distortions due to old or inaccurate projected data.  That said it's a testament to government spending over the last decade, all that money has to end up somewhere...

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#7) On November 23, 2009 at 6:02 PM, devoish (99.07) wrote:

It's not gov't spending landing in DC though. It's corporate spending landing in DC would be my guess. There are, according to this article, 42,000 registered lobbyists or 78 for every elected Senator, Representative and President combined.

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#8) On November 23, 2009 at 10:49 PM, TMFBent (99.83) wrote:

Well, that corporate spending is only here to buy government spending, so I think it all works out. Only 78 lobbiests per national legislator? How do we manage?

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