Omega liquidating trust
Even though China is only growing by 0.5% annually, it is still growing by eight million people each year.The US, with a 1% population grow rate, increases by more than 2.9 million people annually, the equivalent of almost four new San Franciscos.Owners of 1 in 10 mortgages owe more than their houses are worth, and many just walk away.Without vested owners, vandalism runs rampant and the place becomes a slum.Developers plowed up walnut groves and vineyards to pay for services demanded by new school parents and park users.
Unfortunately,'GDP' does not differentiate between costs and benefits and we end up spending more money to fix the problems caused by population growth.
Many argue that a decrease in human numbers would lead to a fiscal catastrophe, seeing that, in the last 200 years, unprecedented economic growth has been accompanied by an equally unprecedented increase in world population.
During the 1800s and 1900s, up to half of world economic growth was likely due to population growth; Georgetown University environmental historian John Mc Neill explains: "A big part of economic growth to date consists of population growth.
Developers said these cities would eventually price the middle class out, and start to empty, but this hasn't happened.
Instead, the free-for-all cities like Las Vegas, the Phoenix metro area, South Florida, this valley - are the most troubled, the suburban slums.