So Sad to see our cities going like this..

Fellowship of the Minds

San Jose

San Jose is a city in California’s famous Silicon Valley. It is the 3rd-largest city in California, the most populous city in Northern California, and the the 10th-largest city in the U.S.

In 2000, San Jose residents had the highest median household income of any city in the United States with a population over 300,000, and currently has the highest median income of any U.S. city with over 280,000 people. But the cost of living in San Jose and the surrounding areas is among the highest in California and the nation, housing costs being the primary reason.

Despite San Jose’s seeming prosperity, the city is on the verge of bankruptcy. Already, three cities in California have filed for Chapter 9: Stockton, San Bernardino, and Mammoth Lakes. A fourth city, Atwater, with Hispanics/Latinos comprising 52.6% of its population, is teetering on the brink, having declared a state of fiscal emergency in October…

View original post 451 more words

Advertisements

Comments are closed.