Moved here for business reasons and to try some change...but unkowingly, right into the teeth of the financial crisis and a serious recession...so, perspective is a bit biased.
If my wife and I were not still under water on our home, we'd aggressively seek another southeastern city or metropolitan are. Once our home equity situation sufficiently improves, we'll move.
It has pleasant spring, fall, and winter weather, relatively low cost of living, low taxes, and affordable housing, but Mobile has scant few other quality-of-life factors to keep one here or attract one to move here. The affordability factors are offset by very stagnant real estate values, high property insurance costs, significant poverty, and a muted economy. Prospects for tax base expansion are fair-to-low. Citywide, population is declining.
There are some economic bright spots on the horizon, aircraft assembly in particular, but meaningful trickle-down effects are years away. Read More