Originally posted by SHOCKvalue
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But let's not pretend that home prices go up because of people with daddy's money and a bit of culture want to buy an old house.
My wife and I bought our house in the Brookside area of Kansas City (south of the Plaza) 5 years ago this month. About 15 years ago, downtown Kansas City was like downtown St. Louis--totally dead on the weekends, and a general ****-hole otherwise. Then, the City dumped a bunch of public money down there and built the Sprint Center and Power and Light. Since then, the Crossroads has bloomed, midtown is hopping, and gentrification, for better or worse, is spreading east past Troost. Just across the river from downtown into Kansas, Strawberry Hill, an area with historically very low real estate values, is seeing its values rise as artists and similar people of low income move in.
Here in Brookside, when my neighbors' houses go on the market, they seldom last a day. Bidding wars break out. It's so bad that if your bank requires a home inspection before they'll approve a loan, tough ****; the next guy's doesn't. My wife and I could sell our house now for over 75% more than we paid for it just 5 years ago.
What's driving all this? There are greater than 100,000 more people living in the KC area now than there were in 2010. Companies like Cerner, DST, Sprint, and Garmin are hiring a ton of young professionals and paying them well. With them, they're bringing a ton of culture that's attracting a bunch of more people to the area. There's a progressive attitude that's contagious.
I still love Wichita. But would I move back? Only maybe. I work with a lot of people who lived in Wichita for a bit after school, then moved to Kansas City. I ask them if they would ever move back, and they say, why they liked it okay, they wouldn't. When I ask why not, they say there's enough stuff to do, but the people drove them away more than anything.
A lot of posters in this thread and elsewhere on this site really pump Intrust Arena. I agree and think it's great. But search this very site and read posts from back in 2005 or 2006, and you'll see how many people were against building any public arena. While cities like KC, Tulsa, OKC, Omaha, and others had built nice public arenas, you had a TON of people in Wichita who were against doing anything of the sort.
Meanwhile, pretend your job was moving you to KC. Close your eyes and think about all the places or areas in KC you'd look forward to going to, and I'm betting that 80% of them were paid for at least in some way with public funds.
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