Commercial Real Estate and Big Business force out the Middle class in Arizona.
Why are Americans choosing to live overseas? Can small business survive Amazon and Walmart?
Can an employee afford to live here? Why are Americans moving overseas? This is a chart of the number (estimated) of US citizens living abroad.
|Country||Number of Americans (estimated)|
14 Countries With the Most American Expats: Updated: 05/31/2022
Over 8.7 million non-military Americans live overseas.
However, where do most of them live? Well, the answer may surprise you.
Countries With Most American Expats
First off, this chart won’t include U.S. military personnel. Moreover, since governments collect information on immigration in various ways, there’s no way to provide factual information about the number of American immigrants in each country.
The chart was sourced from the U.N. International Migrant Stock at Mid-Year by Sex and Region, Country or Area of Destination, and Origin.
What country has the most rich and poor? Is this what is happening in the US? Are we becoming the land of the rich and poor? Why does it take two armed Country Sheriffs to guard the local Walmart store during the day?
Top 10 Countries with the Highest Wealth Inequality (World Bank Gini index):
- South Africa – 63.0%
- Namibia – 59.1%
- Suriname – 57.9%
- Zambia – 57.1%
- Sao Tome and Principe – 56.3%
- Central African Republic – 56.2%
- Eswatini – 54.6%
- Mozambique – 54.0%
- Brazil – 53.4%
- Botswana – 53.3%
South Africa’s income inequality has become worse over the years. The top 1% of earners take home almost 20% of income and the top 10% take home 65%. That means that 90% of South African earners take home only 35% of all income. ________________________________________________________________________
China, India and the U. S. are projected to retain the top three rankings as the countries with the largest middle-class populations, according to World Data Lab. Slow or negative population growth in some advanced economies will lead to a shrinking middle class in countries like Japan, Germany, Italy and Poland.(World Data Lab – Bloomberg).
(Note: The WDL study uses 2011 dollars at purchasing power parity.)
First Published: Fri, September 03 2021. 06:36 IST
GDP = Gross Domestic Product
And PPP = Purchasing Power Parity (per capita/per person on average)
|United Arab Emirates||74,245|
As you can see, The GDO and PPP (Gross Domestic Product and Purchasing Power Parity of the US: is 50% of that of Luxemburg and Ireland! Are we gradually slipping behind?
Commercial Real Estate owners in AZ own 25% of all property, private owners, 18% and the Federal government 43%. People also ask: https://www.fs.fed.us/rm/boise/AWAE/labs/awae_flagstaff/watersheds/basics/management.html
|Bottom of Form Public Land Management and Land Ownership in Arizona Public Land Management and Land Ownership in Arizona There are 72.9 million acres of land in Arizona. Approximately 12.9 million acres, or 18%, in Arizona are privately owned. Approximately 9.6 million acres in Arizona, or 13 %, are managed by the State of Arizona. Approximately 20.1 million acres in Arizona, or 27 %, are held in trust by the United State Government for native Americans. Approximately 30.3 million acres in Arizona, or 42 %, are owned by the citizens of the United States. These public lands are managed by the USDA Forest Service, the National Park Service, military organizations, and USDI Bureau of Land Management|
Search Resultshttps://chamberbusinessnews.com/2022/03/23/bill-to-lower-arizona-commercial-property-tax-inches-closer-to-passage/ As rents skyrocket, commercial owners seek to pay less tax. The meteoric rise of homelessness is clearly linked, in part, to rising rent prices.
“Arizona commercial property makes up roughly one-fifth of the property owned in the state, and yet we pay around one-third of the total cost incurred by property taxes,” said Tim Lawless, the president of CREED, Commercial Real-estate Executives for Economic Development .Mar 23, 2022
18% property privately owned
42 % owned by Federal government
25% commercial real estate
85% of all property
Every resident in the state needs to know that commercial real estate investors are not your friends. They are not your neighbors, they won’t be your neighbors, it is unlikely they will ever live here. They don’t care about the city, the state, the wildlife or the schools. They are here for one reason only and that is to make money. They will then take the cash and live in very expensive and exclusive places (maybe New Zealand or some small island) and leave the residents to deal with homelessness, gangs and crime.
The residents of AZ need to curb the influx of commercial investors of properties that turn us all into the rental poor with no hope of ever buying a home. If the influx cannot be stopped (or we don’t want it to) the people of the state need to put a lid on the rapidly escalating % of rent increases that are happening all over the state. If this does not happen, the middle class drain out of the state will continue and increase. We will be left with a situation that is occurring in California where the cities are becoming composed of the rich, the poor and the gangs.
This state, much like what has happened in California, will not only become not affordable, it will become unlivable. I clearly recall a story told to me from a California transplant. She sold a nice home in Victorville for a loss because the homeless had become so aggressive around the grocery stores, middle-aged housewives were carrying guns in their purses. That is starting to happen here and we need to stop it.