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Get Rich Education

470: The Collapse of American Cities with Doug Casey

Get Rich Education

Keith Weinhold

Investing, Careers, Business

4.3602 Ratings

🗓️ 9 October 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Crime, homelessness, poverty, immorality, theft and urban decay. What are US cities turning into?

NYC Mayor Eric Adams has said that 100,000 new migrants will destroy his city.

With business and residents moving out of many urban cores, property tax revenues decline. 

San Francisco's Union Square neighborhood has been especially hard hit. 60,000 people left SF county from 2020 to 2022. There's homelessness, crime, higher housing costs and more remote work. There are now shuttered storefronts. Nordstrom and Whole Foods closed there.

Vacant office buildings often can't be turned into residential housing. This accelerates decay and urban stagnation.

Author Doug Casey joins the discussion.

We discuss the "Defund the Police" movement.

The fall of Rome and Babylon are compared.

Learn what other nations think about America today. If America is so bad, why are migrants attracted to it?

We need to be mindful that nations, states, and cities all vary substantially by crime and demographics within them.

Resources mentioned:

Show Notes:

GetRichEducation.com/470

Doug Casey's website:

InternationalMan.com

Doug Casey's YouTube:

Doug Casey's Take

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to GRE. I'm your host Keith Whitehold. It's a gloomy episode. Some of America's most

0:06.3

valuable real estate is concentrated in our inner cities. Are American cities on the brink of collapse,

0:13.3

or is their death exaggerated, today on Get Rich Education?

0:26.6

You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Welcome to GRE from Hayward, Wisconsin to Hayward, California, and across 188 nations worldwide.

0:44.8

One day from our ninth anniversary of show production, you're listening to One of America's longest running and most listened to shows on real estate.

0:54.0

This is Get Rich Education. I'm

0:56.3

your host Keith Whitehold here in Chicago today. When we talk about big U.S. cities, well, you've got to

1:01.8

start with the biggest, the Big Apple. Though New York is not a border state, a lot of unemployed migrants

1:08.9

that have come in through the southern border have been bused

1:12.4

northeast in order to go to New York City here in recent months.

1:16.8

And New York City Mayor Eric Adams said 100,000 migrants will destroy his city.

1:23.5

Existing New Yorkers are paying for their $500 a night hotels, $1,000 scooters,

1:30.2

EBT cards, and clothing, and more.

1:34.1

Well, New York City residents that have already lived there, they pay, say, half their money in taxes,

1:40.1

and asylum seekers pay nothing in taxes.

1:43.6

That's the complaint.

1:46.0

Well, how long will it take those people, though, to become productive citizens?

1:50.8

Because, of course, only the problem is seen at this point.

1:54.2

I mean, I'm an American.

1:55.7

This is the descendant of immigrants.

1:57.8

And if you're a U.S. listener, you probably are too.

2:01.7

Pretty soon, we're going to bring in our famous author guest to have a conversation

...

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