Only 11% of the people in this valley could afford the median home price.Through immigration and high birth rates, the United States is expected to add another 100 million people by 2050.More hands, more work, more things produced."Gross Domestic Product (GDP), a measure of economic success or failure, is the number of people multiplied by per capita income.Slow population growth, and economic growth will likely slow as well unless advances in productivity and spending increase at rates high enough to make up the difference.An economic "slowdown" that results from slowing and eliminating population growth is distinctly different from that caused by a credit crunch or the messy bursting of a speculative bubble.While it's true there will be fewer mouths to feed, there will also be fewer pairs of hands needing employment.Developers said these cities would eventually price the middle class out, and start to empty, but this hasn't happened.Instead, the free-for-all cities like Las Vegas, the Phoenix metro area, South Florida, this valley - are the most troubled, the suburban slums.
Nationwide, foreclosure increase 119% from two years ago.
Unsustainable farming practices cause the destruction and abandonment of almost 30 million acres of arable land each year.
The number of humans is still increasing by 1.18% per year, or 80 million annually, the equivalent of nearly two Sudans, or three and a half Taiwans.
We've already added 105 million people since 1970; we have a net gain of one person every 13 seconds.
This housing boom was spurred by the state's broken tax system where cities were hampered by by property tax limitations and increased revenue by the easiest route: expanding urban boundaries.