I live in a fairly small city. That is for now. We are experiencing a huge economic boom. The housing prices have more than doubled in a year and everything else has gone up as well. This scares me a little bit, as I like my small little city and I am scared that it is going to grow out of control. I do not want to live in a place where it takes me an hour to commute to work.
I guess it is good news for people who are in the real estate market, as they have much to gain. It is also good for the local business owners, except for the fact that the bigger the city grows, the more the big box stores will move in. It gets you to thinking that an economic boom may not be the best thing after all.
It has done me absolutely no good, as the prices on everything have gone up and I worry for the people who have to rent their homes as the rents are sky rocketing and so many apartments are being converted and sold as condos. I don’t know what will happen to the little guy if this keeps up.
