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How to know if where you live is “up and coming”: fried chicken vs. coffee shops

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Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#81
post #49

> Poor on average take worse care of their health and fitness Not intended to be snarky, as I grok the intent of your comment, but poor also don't typically have time to come home and go for an hour jog with frequency during the week.

Is this true? The general stereotype when I lived in the UK is that the poor were mostly non-workers who subsisted based on public assistance. If true, then they have plenty of time. In the US this is certainly true. The lowest earning category has 30 minutes/day more leisure time than the highest. http://www.bls.gov/news.release/atus.t11.htm Anyone know where to find the UK equivalent of the ATUS?

Working crazy hours across three jobs to make ends meet is definitely a thing, and not at all rare.

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#82

the theory is worth very little. you could identify two other random density factors (like cigarette butts and chelsea fans) and come up with some heatmap to identify the best value houses. only time-series data could give some indication and then you would still have to test it (and then the market would price in your findings shortly after they are published. this kind of arbitrage rarely lasts long).

I don't think those are random density factors. I don't believe that darts were thrown at a wall with words written on them and they landed on "Coffee Shops" and "Fried Chicken". I think the analysis started with the assumption that Coffee shops would be found in nicer areas and Fried Chicken would be found in rougher areas. Then the analysis was started to evaluate that hypothesis. It's OK that areas of with different economic conditions may have different types of businesses. Buying a house next to a check cashing shop or a pay day lender will nearly 100% guarantee you aren't living in the best neighborhood.

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#83

A more interesting indicator that authors may consider is how many people living in the area do jogging. When I moved to London's SE4 postcode three years ago (it's pretty close to Peckham, FWIW), the regeneration of the area has just started and the more middle-class looking people appeared around, the more men and women in running gear were visible in the streets in the morning. Poor on average take worse care of t…

Not a bad idea, but you'd have to adjust for age. There are tons of joggers around every college campus, for example, but those tend not to be great places for anyone else to live. Measuring at different times of day might be interesting too. As a runner (not jogger) myself, I do notice that there are very different kinds of people running at different times. The older folks tend to go out in the morning, while the late-afternoon crowds are distinctly young looking. Lunch-break and off-hour crowds are both in between. Which of these says what about home values or general desirability? I don't know, but it would be interesting to see the results.

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#84
post #49

> Poor on average take worse care of their health and fitness Not intended to be snarky, as I grok the intent of your comment, but poor also don't typically have time to come home and go for an hour jog with frequency during the week.

Is this true? The general stereotype when I lived in the UK is that the poor were mostly non-workers who subsisted based on public assistance. If true, then they have plenty of time. In the US this is certainly true. The lowest earning category has 30 minutes/day more leisure time than the highest. http://www.bls.gov/news.release/atus.t11.htm Anyone know where to find the UK equivalent of the ATUS?

It would be interesting to see the numbers. At least here in western NYS, I see many lower income people needing to take public transportation due to the lack of a vehicle. Thus, increasing their travel time considerably.

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#85

Inspiring assumption... I don't think Peckham is exactly your dream area :)

Many of my friends are East London types who can no longer afford to live north of the river, and I have heard Peckham described as "the new Dalston" more than once. Perhaps it's got the right balance of edginess, location and affordability (I don't know Peckham at all).

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#86
post #7

You put a fried chicken shop in a place where lots of people go while you put a coffee shop in places where there are few coffee shops. I'm sure that correlates with 'up and coming', but it's not necessarily a signature. Some up and coming places will have neither.

>you put a coffee shop in places where there are few coffee shops

Not where I live. Coffee shops (and bakeries, for that matter) over here usually cluster together, and when one opens, you can expect another one or two to open nearby, sometimes even next doors (in areas like "artistic" neighborhoods or next to universities). In the end there's like four to five coffee shops/bakeries next to each other with no possible explanation of how they're all still in business.

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#87
post #81

Earlier quoted context omitted.

Is this true? The general stereotype when I lived in the UK is that the poor were mostly non-workers who subsisted based on public assistance. If true, then they have plenty of time. In the US this is certainly true. The lowest earning category has 30 minutes/day more leisure time than the highest. http://www.bls.gov/news.release/atus.t11.htm Anyone know where to find the UK equivalent of the ATUS?

Working crazy hours across three jobs to make ends meet is definitely a thing, and not at all rare.

However, just based on my prejudices, I'd claim that those that do work crazy hours across three jobs typically do not need to go jogging, they get some exercise when moving from one job to another. They are also not necessarily the poorest in the income poverty sense, although their situation is quite clearly the most unfair.

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#88

Peckham might be considered up and coming, but it doesn't look like much :-S https://www.google.com/maps/@51.4739728,-0.067718,3a,75y,268...

How can you say that when there's an Armani shop right in there on the streetview!

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#89
post #49

> Poor on average take worse care of their health and fitness Not intended to be snarky, as I grok the intent of your comment, but poor also don't typically have time to come home and go for an hour jog with frequency during the week.

Is this true? The general stereotype when I lived in the UK is that the poor were mostly non-workers who subsisted based on public assistance. If true, then they have plenty of time. In the US this is certainly true. The lowest earning category has 30 minutes/day more leisure time than the highest. http://www.bls.gov/news.release/atus.t11.htm Anyone know where to find the UK equivalent of the ATUS?

The numbers may be skewed by retired people which is not absolutely clear in a lot of these data points when people casually cite them online (not saying your sources are).

Working poor is quite common in the US. With chronic unemployment where over time individuals face depression you would be better off correlating depression and low income with downward economic projections rather than free time. Rates of alcoholism and liquor sales may be closer approximations in areas where mental health figures are unreliable due to lack of availability among underserved communities (see: Native reservations, poor rural areas). Where I live, I might be the most depressed but so many do rather poorly economically but the region is consistently polled as rather high on happiness.

Re: How to know if where you live is “up and coming”: fried chicken vs. coffee shops

#90
post #64

Earlier quoted context omitted.

Pawnshops, payday loan services, barber shops... And pubs closed down, because it is too dangerous for them to operate. Also signs on restaurants "Customer only toilets"

Why barber shops? Don't well-to-do people also go to the barber to get their hair cut?

They go to salons :).

(Joking.)

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