Why is There a North South Wealth Divide in Cities

Why is there a North South Wealth Divide in Cities? In this video, we'll explore an intriguing phenomenon seen in cities across the globe: wealthier neighborhoods tend to cluster in the north, while southern areas often lag behind. This "North South Divide" isn't just a coincidence—it’s the result of historical, geographical, and socio-economic factors. Cities in this analysis include Chicago, Washington DC, Miami, Seattle, Fresno, Denver, and Boston.

#wealth #realestate #oldmoney

Citations:

Chapters:
0:00 Introduction
2:00 California Cities Review
5:37 Chicago
7:00 Washington DC
10:38 Boston
12:00 Miami
16:00 Seattle
19:03 Denver

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Seeking Alpha: Nicholas Pardini

Disclaimer:

Anything in this channel is for informational and educational purposes only and is not investment advice. All information contained herein is based upon information available to the public. No representation is made that it is accurate or complete. No mention of a particular security, index, derivative, or other instrument on this channel is an offer to buy or sell or a solicitation of an offer to buy or sell the securities mentioned herein, nor does it constitute an opinion of the suitability and appropriateness of investing in any financial instrument. Please consult your investment advisor and do you own research before making any trading or investment decisions

[entropy]

No city shows this more than Dallas. Kinda surprised it wasn’t shown in the video. Old money is in north and northeast and then the new money just built out farther north and farther east.

[JacquesMigne]

Being from St Louis, it is the complete opposite but with a twist. West of the city is wealthiest, then south. The North city and North county are where 95% of murders in the whole metro area are committed and poverty flourishes. I think though back in the 1890s-1940s the north part was considered the wealthier but due to a variety of factors entire wealthy neighborhoods were abandoned within a generation and all the money went west or south.

[duthegee]

A very interesting topic. I thought I lived in "San Diego" until I started working up north. The wealth disparity was shocking and noticed they weren't dealing with 'poor people (or density) issues' like lack of parking issues, homelessness, or a restaurant blasting their banda music at 1am for the entire neighborhood. The fact that North of San Diego is often just called "North County" made me realize many want to keep that divide subtly visible.

[jmagicd]

I live in Boston, and would appreciate a visit. We mostly call the South Boston Waterfront the Seaport district which is more of a business district than anything else. That said, all of Southie is pretty much a gentrifying area. The rough neighborhood depicted in Good Will Hunting doesn't really exist anymore, and a lot of local college grads who stay in the area for work live there. The real rough parts of town are further south, namely Dorchester. It's hard to categorize Boston neighborhoods by class since so many students are around, but the North South divide seems to make sense with Mattapan, Dorchester, and Roxbury all being South of the city, while even Cambridge, which you didn't name is north of Boston, and quite affluent. Outside the city, all of Norfolk County to the north is pretty well off, while to the South are not as many rich towns. The one exception to the north-south divide is that of the North Shore and South Shore. Coastal towns south of the city like Hingham and Milton are pretty nice, more so than North Shore towns like Salem or Chelsea.

[SomePerson-dz]

I think Dallas is the perfect example of this phenomenon.

[Bear_Arms]

Chicago has to be the best example of this. This is especially the case when it comes to the North Shore suburbs of Chicago. Suburbs like Kenilworth, Glencoe and Winnetka contain some of the wealthiest ZIP codes in tte country.

[karenmurphy]

Just wanted to say that I love your videos. No frills - just data and analysis. Thanks!

[DENDEAURA]

If this isnt the most timely video ever for me, on my wealth journey. I dont know what is! Posted few minutes ago, clrealy havent had time to watch the entire video. But thank you!!!

[DhanleyEntertainment]

I'm exited that you're visiting DC!

[usernameryan]

I was studying cities across the country when deciding to move and I was shocked to notice this when looking at different statistics represented on the map. Houston, Dallas, Chicago stuck out to me the the most.

[StephenDowdall-lguq]

You do an excellent job in your narrative abilities, you explain finance effortlessly, I've watched three in a row, moving to the fourth. Good work and good job Nick!

[MoonShine-on]

I just noticed you went from 2k to 22k subs! Congratulations! Well deserved! You cover so many interesting topics.

[GeorgeVajagich]

In Milwaukee the north side of the city is poorer than the south side, however the north suburbs are wealthier than the south suburbs, North side of the county there's a river where is goes from very rich on one side to very poor on the other while the southern half of the county is just kind of blue collar working to middle class everywhere

[ronniescales]

Real Talk... Don't forget about Atlanta.

[keithskane]

Cities developed around railroad stops. "The other side of the railroad tracks" was the South Side. The tracks were just South of what became the Nothern part of downtown.

[johnduchesneau]

The South Boston waterfront is a new neighborhood created in the last 20 to 30 years. It used to be a run down industrial area but now has upscale condos and trendy restaurants.

[justynsweeting]

Even in my country, The Bahamas, the same is true. In the capital city of Nassau, almost all of the wealth is along the northern coast, with two exceptions being Palm Cay and Treasure cove on the South east coast. As for other islands, a similar pattern can be found, but it's not as clear cut as in Nassau (except for Eleuthera). What's also interesting is that for the country as a whole (700 islands), almost all of the money is in the Northern islands; Bimini, Abaco, Grand Bahama and New Providence (Nassau).

[bluedaffodil]

11:28 I live outside of Boston. You're right, the South Boston Waterfront is a new money area. It's been gentrified relatively recently (within my parents' memory), and there are a lot of corporate places there and big consulting firms

Edit: it's mostly young people living there though, not families

[carl]

This is true in Stockholm as well particularly in NE area towards the archipelago

[MultiMojo]

Great video, interesting observations ! Dallas, Austin, Detroit, Atlanta, Toronto also follow a similar pattern