October 10, 2016
ALL HE KNOWS ABOUT INNER CITIES IS THAT HE LOSES MONEY IN THEM:
Trump May Think Inner Cities Are A Disaster, But Home Prices Tell Another Story (Alanna Finn, 10/10/16, Forbes))
Donald Trump mentioned "inner cities" 10 times in last night's second presidential debate, using words like "disaster" and "devastating" to describe them. When neighborhoods decay, home prices decrease. However, a look at home prices in the "inner cities" of most major U.S. metro areas shows that the opposite is happening. Instead of falling, the median price per square foot of homes sold in the inner cities of 31 major metro areas has jumped 52 percent over the last six years, outpacing price growth in the surrounding metro areas by 18 percentage points. The only inner cities where price growth has fallen behind that of the surrounding metro area are Chicago, Houston and Miami.
Posted by Orrin Judd at October 10, 2016 6:38 PM