I am constantly on the lookout for good economic news. The New York Times yesterday had an article on the current economic situation of a rust belt city, Pittsburgh. Given all the bad news about manufacturing, one wouldn't think that they wouldn't have 5.5% unemployment, housing prices up 2.2% for the year ending September 2008, and foreclosures being fairly uncommon.
Why can't the rest of the country be forward thinking enough to position themselves (bite the bullet) and make positive changes in their local economies.
My question to you - are these numbers correct? and where are there more positive stories like this one?
Many Thanks to Amy Feldman (@amyfeldman) of Businessweek for pointing out this article on Twitter.
Hill Asset Management specializes in investment management for high net worth individuals. The firm helps finance and develop real estate. Also we have securitized 1031 exit strategies for real estate
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