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Are non-gateway cities inferior to gateway cities? Is there any correlation? Are gateway cities the most pristine cities in the nation?
Inferior cities, really? There are cities on your "non-gateway" list that are of equal or higher importance than those on your "gateway" list. To suggest that one is inferior to the other tiptoes pretty heavily on elitism...
The answer to your second question is "no." There are plenty of dumpy places in all of the cities mentioned, gateway or otherwise.
Do you think there is a connection to a higher cost of living with gateway market designation? The five gateway markets have the highest cost of living in the country. Do you see Chicago, Philadelphia, or Houston becoming gateway markets and also rising to the higher cost of living that seems to be connected to being a gateway market?
They are gateway markets already - although not sure on Houston. This is a gateway market in regards to office space/CBD's/office leasing/price PSF. They aren't listing cities in general.
Philly and Chicago have fairly high PSF for office and are certainly gateway markets in the country, they just weren't specifically addressed in the article for what's going on in our current situation.
In most situations a "gateway city" is one with entry/exit points for a large number of people in and out of a country.
Inferior cities, really? There are cities on your "non-gateway" list that are of equal or higher importance than those on your "gateway" list. To suggest that one is inferior to the other tiptoes pretty heavily on elitism...
The answer to your second question is "no." There are plenty of dumpy places in all of the cities mentioned, gateway or otherwise.
I would agree. Why are the gateway cities more expensive than the other's? What makes them expensive? Why do people chose to live in these cities with such a high cost of living when they could live in the alternative cities for a cheaper cost of living? What is the connection between being labeled as such and the demand to live in these cities?
I would agree. Why are the gateway cities more expensive than the other's? What makes them expensive? Why do people chose to live in these cities with such a high cost of living when they could live in the alternative cities for a cheaper cost of living? What is the connection between being labeled as such and the demand to live in these cities?
First, I think you need a clearer definition on what a Gateway city/market is. Which cities are Gateway cities, and why? Why exclude Chicago, Philadelphia, and Houston?
They are gateway markets already - although not sure on Houston. This is a gateway market in regards to office space/CBD's/office leasing/price PSF. They aren't listing cities in general.
Philly and Chicago have fairly high PSF for office and are certainly gateway markets in the country, they just weren't specifically addressed in the article for what's going on in our current situation.
This isn't a discussion about gateway markets. The gateway markets in America have been established for a long time and it's only about office space pricing anyway. My question is about the connection to the demand to live in those cities and the effect on the cost of living. What drives the cost of living up so high in these cities? It has to come from something. Also, why is the demand to live in these cities so high that they can sustain such high costs of living?
I would agree. Why are the gateway cities more expensive than the other's? What makes them expensive? Why do people chose to live in these cities with such a high cost of living when they could live in the alternative cities for a cheaper cost of living? What is the connection between being labeled as such and the demand to live in these cities?
Supply and demand, I would argue. For example, cities like SF and Boston are small, dense, and aren't exactly flush with several 50-75 story condo-containing skyscrapers or large, expansive city borders. Other cities are right along the ocean front and offer mountain views and beautiful weather (LA, SF), something for which people will pay a premium. However, the correlation with some of these cities being labeled as "gateway markets" and the fact that they have high COL is just that: a correlation. Being labeled as such, however, doesn't drive up COL or make it a more desirable place to live.
COL is due to a number of factors, not just that a city may or may not be classified as a "gateway city".
Sometimes the high COL does not match the QOL-In my opinion Boston, Seattle and DC.
Sometimes the high COL is understandable due to the QOL-NYC, SF
Which is the basis for my question. Why do people pay for it? Why can these cities meet the demand for housing to be so expensive? If the QOL is so low, why do people pay to live there? Why not live in a cheaper city? The gateway cities are the most expensive cities in the nation. Is there a connection?
Supply and demand, I would argue. For example, cities like SF and Boston are small, dense, and aren't exactly flush with several 50-75 story condo-containing skyscrapers or large, expansive city borders. Other cities are right along the ocean front and offer mountain views and beautiful weather (LA, SF), something for which people will pay a premium. However, the correlation with some of these cities being labeled as "gateway markets" and the fact that they have high COL is just that: a correlation. Being labeled as such, however, doesn't drive up COL or make it a more desirable place to live.
Very good points. So why do people pay the such high costs to live in the other cities?
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