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	<title>collapses &#8211; USA NEWS LIVE</title>
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	<title>collapses &#8211; USA NEWS LIVE</title>
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	<item>
		<title>Hotel development in California and the Bay Area is failing because the market collapses</title>
		<link>https://bloggingthree.soflytech.com/2025/01/hotel-development-in-california-and-the-bay-area-is-failing-because-the-market-collapses/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 14 Jan 2025 22:15:57 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Area]]></category>
		<category><![CDATA[Bay]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[collapses]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[failing]]></category>
		<category><![CDATA[hotel]]></category>
		<category><![CDATA[market]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=22679</guid>

					<description><![CDATA[SAN JOSE — Hotel development in California and the Bay Area collapsed in 2024, fresh evidence that the nationwide lodging market remains to be reeling from a series of post-coronavirus economic woes, a brand new report shows. Atlas Hospitality Group said in a brand new report that the decline affected three kinds of hotel projects: [&#8230;]]]></description>
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<p>SAN JOSE — Hotel development in California and the Bay Area collapsed in 2024, fresh evidence that the nationwide lodging market remains to be reeling from a series of post-coronavirus economic woes, a brand new report shows.</p>
<p>Atlas Hospitality Group said in a brand new report that the decline affected three kinds of hotel projects: planned hotels, hotels under construction and latest hotel openings.</p>
<figure id="attachment_11350672" class="wp-caption alignnone size-article_inline"><img decoding="async" class=" lazyautosizes lazyload" src="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-02.jpg?fit=620%2C9999px&#038;ssl=1" alt="Fairfield Inn &#038; Suites, a 111-room hotel at 220 North Greenville Road in Livermore. (Google Maps)" width="1066" data-sizes="auto" data-src="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-02.jpg?fit=620%2C9999px&#038;ssl=1" data-srcset="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-02.jpg?fit=620%2C9999px&#038;ssl=1 620w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-02.jpg?fit=780%2C9999px&#038;ssl=1 780w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-02.jpg?fit=810%2C9999px&#038;ssl=1 810w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-02.jpg?fit=1280%2C9999px&#038;ssl=1 1280w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-02.jpg?fit=1860%2C9999px&#038;ssl=1 1860w"><figcaption class="wp-caption-text">Fairfield Inn &#038; Suites, a 111-room hotel at 220 North Greenville Road in Livermore. (Google Maps)</figcaption></figure>
<p>Here are some details of the Atlas Hospitality Group report:</p>
<p>– In 2024, developers accomplished and opened only three hotels within the Bay Area, a 75% decrease from the 12 hotels that opened within the Bay Area in 2023.</p>
<p>— Hotels that opened within the Bay Area in 2024 had a complete of 348 rooms. That was 78.4% fewer than the 1,615 hotel rooms that opened within the nine-county region in 2023.</p>
<p>– Northern California, which incorporates the Bay Area, added 18 latest hotels with 1,849 hotel rooms in 2024. The variety of Northern California hotels that got here online in 2024 fell 28% in comparison with the 25 hotels that opened within the region in 2023. The total number of recent hotel rooms opened in 2024 fell from 2023 by 38.5%.</p>
<p>– Southern California added 1,950 hotel rooms in 2024, a 19.8% decrease from the two,432 rooms opened within the Southland in 2023.</p>
<p>&#8211; California added a complete of three,798 hotel rooms in 2024, a 39.5% decrease from the 6,280 statewide in 2023. The state added 35 latest hotels in 2024, a 34% decrease from the 53 hotels, which were added in California in 2023.</p>
<p>“Increased construction costs, rising interest rates and the shift away from new hotel construction by many lenders continue to place downward pressure on new hotel development,” Atlas Hospitality Group said in its latest report.</p>
<figure id="attachment_11350674" class="wp-caption alignnone size-article_inline"><img decoding="async" class=" lazyautosizes lazyload" src="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-01.jpg?fit=620%2C9999px&#038;ssl=1" alt="Chicken Ranch Casino Resort, a 197-room hotel located at the corner of State Route 49 and People of the Mountain Road in the Tuolumne County town of Jamestown. (Google Maps)" width="872" data-sizes="auto" data-src="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-01.jpg?fit=620%2C9999px&#038;ssl=1" data-srcset="https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-01.jpg?fit=620%2C9999px&#038;ssl=1 620w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-01.jpg?fit=780%2C9999px&#038;ssl=1 780w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-01.jpg?fit=810%2C9999px&#038;ssl=1 810w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-01.jpg?fit=1280%2C9999px&#038;ssl=1 1280w,https://i0.wp.com/www.mercurynews.com/wp-content/uploads/2025/01/SJM-L-BAYHOTELS-01.jpg?fit=1860%2C9999px&#038;ssl=1 1860w"><figcaption class="wp-caption-text">Chicken Ranch Casino Resort, a 197-room hotel situated on the corner of State Route 49 and People of the Mountain Road within the Tuolumne County town of Jamestown. (Google Maps)</figcaption></figure>
<p>The largest hotel to open in California in 2024 was the two,000-square-foot Chicken Ranch Casino Hotel within the Tuolumne County town of Jamestown.</p>
<p>The Bay Area&#39;s largest hotel opening in 2024 was the 127-room Hope2 Suites by Hilton at 5952 Silver Creek Valley Road in south San Jose.</p>
<p>Two hotels opened within the East Bay last yr: the 111-room Fairfield Inn &#038; Suites at 220 North Greenville Road in Livermore and the 110-room TownePlace Suites at 7260 Johnson Drive in Pleasanton.</p>
<p>San Francisco&#39;s hotel market is especially weak, the report said.</p>
<p>“San Francisco County still had no new hotel openings in 2023 or 2024, largely due to overall hospitality and local market conditions,” Atlas Hospitality reported.</p>
<p>In 2024, there was just one hotel under construction in San Francisco: a 169-room Waldorf Astoria.</p>
<p>Four hotels with 557 rooms were under construction in Santa Clara County in 2024. The largest was the 254-room Treehouse Hotel in Sunnyvale. There is a hotel under construction in downtown San Jose, the 175-room Marriott Townplace Suites.</p>
<p>Economic problems could worsen for hotel markets within the Bay Area and California, Atlas Hospitality warned.</p>
<p>“We are seeing an increase in the number of hotels that started construction, then stopped, and have now defaulted on their loans or gone bankrupt,” Atlas Hospitality reported.</p>
<p>Various financial hurdles will proceed to pose a difficult situation for the hotel industry.</p>
<p>“Hotel construction will remain weak as investors focus on purchasing existing hotels at discounts to replacement cost,” Atlas Hospitality said.</p>
<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Oasis fans are offended because Ticketmaster collapses under demand</title>
		<link>https://bloggingthree.soflytech.com/2024/09/oasis-fans-are-offended-because-ticketmaster-collapses-under-demand/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sun, 01 Sep 2024 11:29:44 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[angry]]></category>
		<category><![CDATA[collapses]]></category>
		<category><![CDATA[demand]]></category>
		<category><![CDATA[fans]]></category>
		<category><![CDATA[Oasis]]></category>
		<category><![CDATA[Ticketmaster]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=13576</guid>

					<description><![CDATA[LONDON — Some Oasis fans celebrated like a Champagne Supernovawhile others looked back angrily on Saturday, as online ticket sites struggled with demand for the band&#39;s first performances in 15 years. The Britpop-era giant, led by brothers Noel and Liam Gallagher, will play 17 shows in Cardiff, Manchester, London, Edinburgh and Dublin starting July 4. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2024/08/sjm-0960_203804236.jpg?w=1400px&amp;strip=all" /></p>
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<p>LONDON — Some Oasis fans celebrated like a <a href="https://youtu.be/tI-5uv4wryI?si=CtOqNTLcSbarL3JI" target="_blank" rel="noopener">Champagne Supernova</a>while others <a href="https://youtu.be/cmpRLQZkTb8?si=jlLrOXcVGVeUpu2U" target="_blank" rel="noopener">looked back angrily</a> on Saturday, as online ticket sites struggled with demand for the band&#39;s first performances in 15 years.</p>
<p>The Britpop-era giant, led by brothers Noel and Liam Gallagher, will play 17 shows in Cardiff, Manchester, London, Edinburgh and Dublin starting July 4.</p>
<p>Over 1,000,000 tickets went on sale on Saturday morning, with prices starting at around £74 (slightly below $100) and going as much as a £506 ($666) package that features a pre-show party and merchandise.</p>
<p>Representatives for the band said later within the day that each one tickets had been sold, but hinted that more shows could also be announced, saying: &#8220;Anticipation is now rapidly building for details of the international tour dates.&#8221;</p>
<p>Many fans were left frustrated of their attempts to get their hands on tickets. Some individuals who tried to access the few authorized sales sites, including Ticketmaster and Gigs and Tours, received error messages, while many others were informed they were in an extended queue.</p>
<p>Josh Jeffery, a videographer who lives near Edinburgh, spent hours working his way up the queue for online tickets before “the whole site crashed” at the ultimate step.</p>
<p>&#8220;I gave up, my friends gave up,&#8221; said Jeffery, who first saw Oasis in Manchester as a young person in 1996. &#8220;We just decided it was too much effort.&#8221;</p>
<p>“As I stood in line, <a href="https://youtu.be/bx1Bh8ZvH84?si=a5QlBpmBxV5rKUHW" target="_blank" rel="noopener">I heard “Wonderwall” blaring</a> from my neighbor&#39;s house,&#8221; he added ruefully. &#8220;He obviously had a parking ticket.&#8221;</p>
<p>Some fans were able to snap up pre-sale tickets on Friday, with barista Isabelle Doyle saying she was &#8220;over the moon&#8221; after snagging two seats to one of the band&#39;s London shows.</p>
<p>&#8220;I&#39;ve been a fan of Oasis for about 10 years, literally since I used to be 11,&#8221; said the 21-year-old. &#8220;To finally have the prospect to see them after they helped me grow as a young person is completely amazing and I&#39;m so excited.&#8221;</p>
<p>Within hours, tickets were being offered for sale on resale websites for up to £6,000 ($7,800). Oasis issued a warning, saying tickets could only be resold at face value through authorized websites.</p>
<p>&#8220;Tickets appearing on other secondary ticket sites are either fake or cancelled by the event organizers,&#8221; it said in a statement.</p>
<p>Megan Gordon, a 25-year-old fan from Manchester, said she was &#8220;furious&#8221; about not getting tickets.</p>
<p>“I don’t really want to pay the resale price, but I will,” she said.</p>
<p>Formed in Manchester in 1991, Oasis were one of the dominant British bands of the 1990s, producing hits such as &#8220;Wonderwall,&#8221; &#8220;Champagne Supernova&#8221; and &#8220;Don&#39;t Look Back in Anger.&#8221; Their sound was driven by sing-along rock choruses and the explosive chemistry between guitarist and songwriter Noel Gallagher and his singer sibling Liam.</p>
<p>Oasis split in 2009 when Noel Gallagher left the band after a backstage argument with his brother at a festival near Paris. Although the Gallagher brothers, now aged 57 and 51, have not performed together since then, both regularly play Oasis songs in their solo performances. They have also criticised each other in the press.</p>
<p>When announcing the reunion, the band said their fans would experience &#8220;the spark and intensity&#8221; that only comes from sharing the stage together.</p>
<p>Alice Enders, head of research at media consultancy Enders Analysis, said touring has become the main source of income for many musicians and Oasis can expect a big payday &#8211; even if the tour, which is limited to the UK and Ireland for now, pales in comparison to global giants such as Taylor Swift&#39;s &#8220;Eras&#8221; tour.</p>
<p>She said Oasis needed to catch up in a live music market where &#8220;spending, consumer spending and demand for festivals have risen inexorably&#8221;.</p>
<p>&#8220;Basically, they missed a 15-year megatrend,&#8221; Enders said. &#8220;So it&#39;s good that they&#39;re jumping on the bandwagon now. &#8230; If they wait too long, they&#39;ll just be a bunch of old geezers.&#8221;</p>
<p>The tour is scheduled to begin at the Principality Stadium in Cardiff on July 4 and 5. Oasis will also perform at Heaton Park in Manchester on July 11, 12, 16, 19 and 20; London&#39;s Wembley Stadium on July 25, 26 and 30 and August 2 and 3; Edinburgh&#39;s Murrayfield Stadium on August 8, 9 and 12; and Dublin&#39;s Croke Park on August 16 and 17.</p>
<p>The host cities are expecting an economic boost for hotels, bars, restaurants and shops – especially Manchester, the band&#39;s hometown and a city known for its musical heritage.</p>
<p>&#8220;This is a homecoming concert,&#8221; he said. &#8220;When they walk on stage for the primary time, it&#8217;s going to be a really special moment.&#8221;</p>
<p>Fans acknowledged that given the brothers&#39; frequent feuds, there is a risk that not all dates will go according to plan. But most were undeterred.</p>
<p>Louise Hudson has got tickets for London&#39;s Wembley Arena and is planning a &#8220;family night&#8221; with her brother, sister-in-law and niece.</p>
<p>And as for the Gallaghers: &#8220;If they fight, they fight,&#8221; she said. &#8220;Families, eh?&#8221;</p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Why people stay when the local economy collapses – a story about home among the many ghosts of closed steel mills</title>
		<link>https://bloggingthree.soflytech.com/2024/08/why-people-stay-when-the-local-economy-collapses-a-story-about-home-among-the-many-ghosts-of-closed-steel-mills/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 27 Aug 2024 16:46:58 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[among]]></category>
		<category><![CDATA[closed]]></category>
		<category><![CDATA[collapses]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[ghosts]]></category>
		<category><![CDATA[home]]></category>
		<category><![CDATA[local]]></category>
		<category><![CDATA[mills]]></category>
		<category><![CDATA[people]]></category>
		<category><![CDATA[stay]]></category>
		<category><![CDATA[steel]]></category>
		<category><![CDATA[story]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=13114</guid>

					<description><![CDATA[It was Saturday afternoon, and Simonetta led me from the open front door of her home in southeast Chicago into her lounge and sat down on the couch next to her husband, Christopher. In the Nineteen Eighties, Christopher worked a couple of blocks away at US Steel South Worksearned 3 times the minimum wage and [&#8230;]]]></description>
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<p>It was Saturday afternoon, and Simonetta led me from the open front door of her home in southeast Chicago into her lounge and sat down on the couch next to her husband, Christopher. </p>
<p>In the Nineteen Eighties, Christopher worked a couple of blocks away at <a href="http://forgottenchicago.com/articles/south-works/">US Steel South Works</a>earned 3 times the minimum wage and had a highschool diploma – good enough to purchase a house near Simonetta’s parents before her first baby got here. As her neighbors in <a href="https://interactive.wttw.com/southside/far-southeast/southeast-side">Southeast Chicago</a>Simonetta and Christopher&#39;s expectations of labor and residential were determined by the steel industry.</p>
<p>Between 1875 and 1990, the roles offered here provided <a href="https://www.pullman-museum.org/ihaccr/sechsSteelMills.html">eight steelworks</a> created a dense network of working-class neighborhoods on the marshland 15 miles south of downtown Chicago. For the tens of 1000&#8217;s of staff who lived and worked on this region, steel was a rare form of work: unionized blue-collar jobs that paid middle-class wages, with starting salaries within the Sixties of nearly <a href="https://fraser.stlouisfed.org/files/docs/publications/bls/bls_1814_1974.pdf">3 times the minimum wage</a>. </p>
<p>Opportunities for advancement, advantages and job security enabled staff to purchase homes, shop at local stores and construct savings. The steel industry was <a href="https://cup.columbia.edu/book/who-we-are-is-where-we-are/9780231552790">greater than just work</a>; it organized the spatial and social relations of this district.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#9d6c5e"><img decoding="async" alt="An aerial photograph looking south over the former steel mill districts on Chicago&#39;s south side." class="lazyload" src="https://images.theconversation.com/files/613344/original/file-20240813-17-embn2q.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/613344/original/file-20240813-17-embn2q.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/613344/original/file-20240813-17-embn2q.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/613344/original/file-20240813-17-embn2q.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/613344/original/file-20240813-17-embn2q.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/613344/original/file-20240813-17-embn2q.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/613344/original/file-20240813-17-embn2q.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">At the sites of former steel mills along the Calumet River, homes and businesses stretch along tree-lined streets. US Steel South Works was situated on Lake Michigan, just north of the river.</span><br />
              <span class="attribution"><a class="source" href="https://www.flickr.com/photos/mike_miley/43056591790">H. Michael Miley via Flickr</a>, <a class="license" href="http://creativecommons.org/licenses/by-sa/4.0/">CC BY-SA</a></span><br />
            </figcaption></figure>
<p>The collapse had devastating consequences for the people within the neighborhood, Simonetta told me. <a href="http://www.encyclopedia.chicagohistory.org/pages/653.html">One mill after one other closed</a> In the last twenty years of the Twentieth century, people began to maneuver away from the economic crisis in southeast Chicago to search out latest work – mainly within the service sector.</p>
<p>As we stared on the silent street, I asked them, &#8220;Why did you stay?&#8221;</p>
<p>Christopher paused, then said simply, &#8220;We had the building.&#8221; The three-story townhouse belonged to the couple after many years of paying off the mortgage. Sure, it had some crumbling corners and the roof had sagged, however it was theirs. Those 4 partitions remained stable during and after the tumultuous years of economic collapse. That constructing was greater than only a type of equity or material space, it was the muse of their stability.</p>
<h2>Why do people stay in difficult places?</h2>
<p>In the last 10 years <a href="https://scholar.google.com/citations?user=43yNcKUAAAAJ&#038;hl=en">I asked why people stay</a> if their local economy collapses. </p>
<p>My 2024 book states: “<a href="https://cup.columbia.edu/book/who-we-are-is-where-we-are/9780231552790">Who we&#8217;re is where we&#8217;re: Finding a house in America&#39;s rust belt</a>&#8220;I used ethnographic research and interviews to look at the long-term effects of deindustrialization in a rural iron mining community in Wisconsin and in urban manufacturing districts surrounded by Chicago&#39;s steel mills. </p>
<p>The causes of deindustrialization were <a href="https://www.imf.org/external/pubs/ft/issues10/">macroeconomic and global</a> – technological change, trade agreements, environmental regulations and increased competition – however the impact was local. In the second half of the Twentieth century, towns and communities that had developed around iron mining and steel industries suddenly lost their core jobs.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:67.10875331564988%;--background-color:#414141"><img decoding="async" alt="A large group of smiling men of different races and ethnic backgrounds cheer and hold up signs." class="lazyload" src="https://images.theconversation.com/files/613395/original/file-20240813-19-4l32o9.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/613395/original/file-20240813-19-4l32o9.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=403&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/613395/original/file-20240813-19-4l32o9.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=403&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/613395/original/file-20240813-19-4l32o9.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=403&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/613395/original/file-20240813-19-4l32o9.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=506&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/613395/original/file-20240813-19-4l32o9.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=506&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/613395/original/file-20240813-19-4l32o9.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=506&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">Striking steelworkers at US Steel South Works in 1952. During the Chicago industry&#39;s heyday, South Works employed greater than 15,000 people at its complex on the shores of Lake Michigan. The plant closed in 1992.</span><br />
              <span class="attribution"><a class="source" href="https://newsroom.ap.org/detail/SteelWorkersChicago1952/f39038c7739b418bb8bf77b5a4d93311/photo">AP Photo/Ed Maloney</a></span><br />
            </figcaption></figure>
<p>The Rust Belt region stretches from New York to Minnesota and has experienced five many years <a href="https://ysu.edu/center-working-class-studies/social-costs-deindustrialization">almost double-digit unemployment rates</a>. As a result of commercial closures, lots of of 1000&#8217;s of individuals are unemployed <a href="https://www.forbes.com/sites/adammillsap/2017/01/09/the-rust-belt-didnt-adapt-and-it-paid-the-price/#432550ec7a3d">packed their houses</a> and sought their fortune in factories or mines within the American South or anywhere else where there was not an economic depression. As a result, these deindustrialized places not only lost their inhabitants, but <a href="http://content.time.com/time/subscriber/article/0,33009,923238,00.html">their place in American history</a> economic progress, growth and resilience.</p>
<p>But not everyone goes.</p>
<p>For this study I spoke to <a href="https://amandamcmillanlequieu.com/research/a-globalized-home-situating-discourses-of-stability-when-the-company-leaves/">greater than 100 people</a>like Simonetta and Christopher, to know why people stay in these neighborhoods when jobs disappear and businesses close. They repeatedly argued that being stuck in them offers them stability in a chaotic world.</p>
<h2>Home ownership: a trap and a strategy to keep it</h2>
<p>The people I spoke with often began their stories with a practical – and economic – concern: the funds and freedoms of homeownership.</p>
<p>For many long-term residents, moving elsewhere was impossible as a consequence of financial constraints. Low property prices meant they may not recoup their investment by selling, and moving itself is pricey. However, additionally they argued that owning a house offered them a little bit of stability throughout the early years of unemployment.</p>
<p>Good wages and government-subsidized home loans made it possible for staff within the iron and steel industry to buy their very own homes within the mid-Twentieth century.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:64.3236074270557%;--background-color:#4d332b"><img decoding="async" alt="Postcard of the Gayety Theater near 92nd Street and Commercial Avenue in the heart of South Chicago&#39;s business district in the 1950s" class="lazyload" src="https://images.theconversation.com/files/612545/original/file-20240808-19-p12bj0.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/612545/original/file-20240808-19-p12bj0.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=386&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/612545/original/file-20240808-19-p12bj0.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=386&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/612545/original/file-20240808-19-p12bj0.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=386&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/612545/original/file-20240808-19-p12bj0.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=485&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/612545/original/file-20240808-19-p12bj0.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=485&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/612545/original/file-20240808-19-p12bj0.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=485&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">In the Nineteen Fifties, Chicago&#39;s south business district, lower than a mile from the factories, flourished.</span><br />
              <span class="attribution"><a class="source" href="https://commons.wikimedia.org/wiki/File:92nd_And_Commercial_Business_District,_Chicago._0Ch1458_(NBY_417488).jpg">Digital collection of the Curt Teich Postcard Archive (Newberry Library) via Wikimedia</a></span><br />
            </figcaption></figure>
<p>Starting within the Sixties, Southeast Chicago modified from a predominantly renter-occupied area to an area where between 60 and 70 percent of the homes <a href="https://archive.org/details/localcommunityfa0000unse">Home</a>For Christopher, Simonetta and 1000&#8217;s of their neighbors, buying a house was a sound financial decision and a strategy to achieve the American middle class&#39;s goal of constructing wealth through private real estate ownership.</p>
<p>Of course, homes are greater than mere material investments. Simonetta and Christopher&#39;s home was also their family history. Simonetta&#39;s parents had immigrated from Mexico in the primary half of the Twentieth century. Christopher&#39;s grandparents had immigrated from Mexico on the turn of the century. Simonetta explained that since they grew up within the neighborhood, once they married they desired to buy a house inside walking distance of her parents and their network of aunts, uncles and cousins.</p>
<figure class="align-center ">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#564837"><img decoding="async" alt="Children swim in Lake Michigan, factories can be seen in the background." class="lazyload" src="https://images.theconversation.com/files/613398/original/file-20240813-17-wdwpyw.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/613398/original/file-20240813-17-wdwpyw.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/613398/original/file-20240813-17-wdwpyw.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/613398/original/file-20240813-17-wdwpyw.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/613398/original/file-20240813-17-wdwpyw.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/613398/original/file-20240813-17-wdwpyw.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/613398/original/file-20240813-17-wdwpyw.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">The factory districts&#39; proximity to Lake Michigan means there are fishing and beaches nearby. Calumet Beach, seen here in 2021, was the scene of racial conflict within the early 1900s but became popular with the complete community by mid-century.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/families-and-children-enjoy-swimming-on-a-hot-summer-day-in-news-photo/1241089977?adppopup=true">Jamie Kelter Davis/For The Washington Post via Getty Images</a></span><br />
            </figcaption></figure>
<p>When they made the down payment in 1980, they benefited from falling real estate prices. Wisconsin Steel had just closed its nearby plant, and real estate prices in the encompassing neighborhoods were <a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#atvol">already down by 9%</a>However, they didn&#8217;t expect that the true estate bubble would burst throughout the region.</p>
<p>Real estate prices in your neighborhood <a href="https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#atvol">began to fall</a> when US Steel slowly laid off staff within the Nineteen Eighties and Nineties. Even today, the typical price for homes in southeast Chicago is between $80,000 and $100,000, lower than a 3rd <a href="https://www.redfin.com/city/29470/IL/Chicago/housing-market">The median value in Chicago is $330,000.</a>When the neighboring mill closed, their family networks were stuck.</p>
<p>Simonetta recalled: &#8220;My father and my parents still lived in the neighborhood. They didn&#39;t want to go anywhere. Where would they go?&#8221; She continued: &#8220;We&#39;re not rich. I mean, the factory is closed. We were unemployed!&#8221;</p>
<figure class="align-center ">
<div class="placeholder-container" style="--aspect-ratio-percent:75.06631299734748%;--background-color:#ab9167"><img decoding="async" alt="On a cool autumn day, people sit on buckets with fishing rods. Behind them is a large concrete wall. In front of them is the river with Lake Michigan in the background." class="lazyload" src="https://images.theconversation.com/files/612557/original/file-20240808-19-f6vch5.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/612557/original/file-20240808-19-f6vch5.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=450&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/612557/original/file-20240808-19-f6vch5.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=450&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/612557/original/file-20240808-19-f6vch5.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=450&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/612557/original/file-20240808-19-f6vch5.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=566&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/612557/original/file-20240808-19-f6vch5.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=566&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/612557/original/file-20240808-19-f6vch5.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=566&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">People fish within the Calumet River, behind them the wall of the US Steel South Works site. The site has been considered for revitalization several times, most recently as a technology center for quantum computers.</span><br />
              <span class="attribution"><span class="source">Amanda McMillan-Lequieu</span>, <a class="license" href="http://creativecommons.org/licenses/by-nd/4.0/">CC BY-ND</a></span><br />
            </figcaption></figure>
<p><iframe id="lli6v" class="tc-infographic-datawrapper" src="https://datawrapper.dwcdn.net/lli6v/1/" height="400px" width="100%" style="border: 0;" scrolling="no" frameborder="0"></iframe></p>
<p>Even if her parents desired to sell their house and begin a brand new life somewhere more promising, the economic freefall of deindustrialization would have made it too expensive for them to sell. Mass unemployment turned houses that were once solid financial investments into almost unsellable liabilities.</p>
<h2>What&#39;s the purpose of staying at home?</h2>
<p>Even though the economic opportunities of homeownership were limited, owning a property was also a shelter when every little thing else was in turmoil. &#8220;The building,&#8221; as Christopher called their house, made their path forward easy: They earned money doing odd jobs and commuting over an hour to the suburbs, and so they looked out for one another.</p>
<p>Home can be where family, <a href="https://youtu.be/NbFcrzbvEes?feature=shared">socially constructed identities</a> and familiar experiences merge. The people I spoke with drove me to their favorite lakes and parks, drew maps to their favorite shops or climbing trails, and identified historical markers of the commercial past. They celebrated the social networks that also anchored their identities &#8211; prolonged families, annual parades, and regular school and work reunions.</p>
<figure>
<p><iframe title="WRAPPED IN STEEL - The Story of the Neighborhoods of Southeast Chicago" width="1170" height="878" src="https://www.youtube.com/embed/vq_c-XXU1Tk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p><figcaption><span class="caption">Wrapped In Steel: A 1984 documentary film concerning the neighborhoods of southeast Chicago. Produced and directed by James R. Martin.</span></figcaption></figure>
<p>Interviewees were quick to confess that the broader crisis of deindustrialisation limited their decisions and restricted their options. Yet inside the fragmented framework of post-industrial social life, a generation of long-term residents still belongs together.</p>
<p>&#8220;We survived, and that&#39;s why we didn&#39;t leave,&#8221; Simonetta said. &#8220;The community has changed, but where else are we supposed to go? I mean, we&#39;ve been here for over 50 years. &#8230; This is my neighborhood.&#8221;</p>
<p>“That’s how you destroy neighborhoods,” Christopher interjected, “by leaving!”</p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
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