Comments on: The Dakotas Economic Model

By: DLS

DLS — Tue, 30 Jun 2009 19:37:11 +0000

"My immediate family has escaped CA to Idaho, or are in the process of doing so."

"Spinoff" of California refugees throughout the West has been a significant phenomenon since the 1990s at least.

(Most people leaving California remain in the West rather that heading East, though I've seen some exceptions.)

By: livinND

livinND — Tue, 30 Jun 2009 00:13:03 +0000

And I should add, that I am a California native born and raised until I was 19 years old. I was raised on the central coast, married an Airman, and we got orders to Oklahoma, and we never came back. Oklahoma was a culture shock at first, but you see a HUGE difference in attitude of the citizens and friendliness, etc. People live a simpler life by and large in the middle of the "fly over" part of the U.S. and they seem to do better by and large because of it. Where are the huge losses with housing coming from? Not North Dakota, Wyoming, etc.

In the 18 years of my life as a military wife, I have lived in many parts of the U.S, and overseas in Turkey, and the first time we moved to ND, we fell in love. When we got orders to New Mexico, we spent the 3 years we were there trying to get back to North Dakota. It is the people and the attitude of those people that makes this place special. All you have to do is look at the flooding in Fargo and see how North Dakotans do things.

We did our best to stay in North Dakota, so we could retire here. Once my dh retired, we could have gone anywhere, but no way would we have gone back to Michigan where he grew up, or California where I grew up. Didn't want that lifestyle of California materialism, so we just moved west to the badlands and are as happy as a person can get. I feel settled and don't wish I lived anywhere else, although I do wish we lived closer to family.

My immediate family has escaped CA to Idaho, or are in the process of doing so.

While I love where I grew up, having lived in other places, I can honestly say I love it here more.

By: DLS

DLS — Mon, 29 Jun 2009 20:34:31 +0000

"People on the coasts are often dismissive of the plains states"

As a California native who actually left California to live and travel throughout the USA and elsewhere, I can say that their dismissal is based on ignorance as much as it is on conceit or other poor reasons.

There's a lot of life out there.

In the "bland, boring" Midwest, I enjoyed the best living experience ever to date, in St. Louis metro. To this day I miss being there.

By: The Dakotas Economic Model | The Moderate Voice

The Dakotas Economic Model | The Moderate Voice — Mon, 29 Jun 2009 09:28:27 +0000

[...] Auto loan numbers, for example. Both Dakotas have very cold winters and very hot summers, and distances between here and there in these states are generally greater than in most other parts of the country. … [Read the full article here] [...]

By: Salma01

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By: DaGoat

DaGoat — Sun, 28 Jun 2009 23:33:38 +0000

People on the coasts are often dismissive of the plains states, but livinND hit's the nail on the head. The other comments nitpick on minor issues while missing the large one – people in the Dakotas didn't live beyond their means and are much better off for it.

By: livinND

livinND — Sun, 28 Jun 2009 22:57:08 +0000

North Dakota works for me. At last count, the state unemployment rate is 4.4%. Every other business has a help wanted sign up. My house value has gone up in the last 2 years. My bank didn't get involved with the sub prime loan mess, and our population is increasing, not decreasing this year, as more and more people come for the available jobs(and not just McDonald's...engineers, medical, education, etc).

I don't feel the need to keep up with the Jones. We have a 10 year old fishing boat, that works just fine, no need to have the top of the line that we can't afford. We don't need a built in brick bbq, or granite counters in the kitchen, or a Land Rover or Escalade. We have a 4whdrive Ford F-250 pickup and a 4wh drive Dodge Durango, that allows us to haul what we need to haul and get up our driveway and through the rough badlands where we live just fine. We don't trade "up" every few years just to have the newest thing.

People mock ND all the time, but that's okay...we can sleep at night, knowing my dh has a job and will have a job tomorrow and the next day and the next day. If I want to sell my house, I can. I won't make a fortune, but I won't have to sell it for a song. Not getting the booms means we didn't get the bust. I can get a loan for a car or whatever if I want because the banks here are still healthy and giving loans; normal loans I should say vs some of these moronic loans done in other places. A 1.2 billion budget SURPLUS means we are getting tax relief .

As for the state bank. I am not a fan of govt controlled industry, but people want the bank to stay and state govt here is entirely different than the Federal govt in attitude and for sure fiscal constraint.

Living level vs large works out the best in the end.

By: Ron Beasley

Ron Beasley — Sun, 28 Jun 2009 19:07:40 +0000

Does that model include North Dakota's state owned (socialist) bank. The only one in the country.

By: Jim_Satterfield

Jim_Satterfield — Sun, 28 Jun 2009 18:38:19 +0000

Of course South Dakota is one of the two states, with Delaware being the other one, that help financial institutions suck the other states dry by having virtually no limitations on what chicanery credit card issuers can pull. Thus South Dakota has lots of banks that have at least some of their credit card operations there. That's a major source of non-agricultural jobs there.

By: Don Quijote

Don Quijote — Sun, 28 Jun 2009 17:22:01 +0000

That’s the Dakotas economic model. Works for me.

Or it could be "have a small older population with little to no population growth".

By: The Dakotas Economic Model

The Dakotas Economic Model — Sun, 28 Jun 2009 17:02:33 +0000

[...] Charts and tables don’t always tell you important things about the economy. But sometimes they do. And the other day I ran across three tables suggesting where our national country might be heading—and indeed should be heading. These tables showed on a state-by-state basis delinquency rates on auto loans, mortgages, and credit cards during the first quarter of this year. On all three tables North and South Dakota had the lowest rates of delinquency. It must be emphasized here that these table [Read the full article here] [...]

By: The Dakotas Economic Model

The Dakotas Economic Model — Sun, 28 Jun 2009 16:43:24 +0000

[...] Important Things, Model News, Mortgages, News Sources, South Dakota, State Basis, Three Tables News Sources wrote an interesting post today onHere’s a quick excerptCharts and tables don’t always tell [...]

By: The Dakotas Economic Model

The Dakotas Economic Model — Sun, 28 Jun 2009 16:19:56 +0000

[...] News Sources wrote an interesting post today onHere’s a quick excerptCharts and tables don’t always tell you important things about the economy. But sometimes they do. And the other day I ran across three tables suggesting where our national country might be heading—and indeed should be heading. These tables showed on a state-by-state basis delinquency rates on auto loans, mortgages, and credit cards during the first quarter of this year. On all three tables North and South Dakota had the lowest rates of delinquency. It must be emphasized here that these table [...]