Originally posted by Jerome Scuggs
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They're all States with economies strongly affected by the tourism industry.
And, due to the climate in those States, they are ideal retirement locations.
Furthermore, due to a lack of growth in the nation (GDP) since circa 1996, investment turned towards housing. However, housing development does not cause the GDP to grow.
Futher consider that baby boomers are planning for retirement. And what do most think of retiring to?
Warm climates; clear waters; sandy beaches; beautiful scenery; hiking.
Not that Texas doesn't have beautiful scenery and a fairly decent climate, it just doesn't compare to those 4 States.
And, I'm not even touching on foreigners with similar vacation spot interests -- even though they had huge affect on the number of foreclosures.
And, when it comes to chosing which state to incorporate in, it doesn't matter. You can do that in any State without actually operating in that given State. There are plenty of attornies in any State that would be happy to be identified as an "Agent" for your company in that particular State. It's easy money for them.
Personally, the only thing I would take from that article is that Texas has been holding strong. Why? Suprise! Suprise! Energy! Most energy companies are in Texas.
The point is look at the industries, not the politics.
California, Neveda, Florida, Arizona are America's playgrounds. When production becomes the focus due to a stagnated economy, it's no wonder these 4 States suffer, especially when the stagnation is global.
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