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ManBMitt t1_ja81qf2 wrote

RVA’s COL is below the country’s average, and I don’t see that changing any time in the foreseeable future.

Portland and Austin both became tech hubs, which is what drove up COL in those cities. Richmond doesn’t have anything that is particularly attractive to large tech companies.

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ThatChildNextDoor t1_ja843x9 wrote

Chesterfield was in 2nd place line to get the Intel semiconductor plant, but the site wasn't ready. I think we will get a fab again in future.

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ManBMitt t1_ja86n2j wrote

Right, but big plants don’t drive CoL increases because they are built far outside the city, and the people that work there typically live/build houses in more suburban/rural outlying areas where there aren’t many constraints on land availability (so people moving there do not really increase the prices).

The Gulf Coast has hundreds of large manufacturing facilities that employ millions of people, and is one of the fastest-growing areas of the country in terms of population. Yet Gulf Coast cities have some of the lowest CoL in the country.

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Charlesinrichmond t1_ja87pr3 wrote

end of the big fiber to ?spain? but not a huge employment driver.

But look at why Costar is moving here

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