Well if he goes with Credit One you would be
Ha! Good point. Apparently his bank offered him a pretty basic no-frills no-annual fee card, so he's got a good option. I suspect his parents getting into Big Trouble with credit cards has him skittish. Can't say I blame him, although he's the most frugal dude I've ever met, so he'd probably be fine.
So what's it like to live in a booming area instead of one that's chronically economically depressed? It's been so long I've forgotten what that's like.
Good and bad.
Good that there's awesome people from all over the world want to be here, new businesses constantly opening, and a flourishing food scene.
Bad that you never know if your neighborhood will be the next "cool neighborhood" and price you out. My nice apartment in a great area jumped from $730 a month to $1,200 a month, for example, three years ago. People will move somewhere affordable and then, a year later, condos and gastro pubs go up and so does the rent, sending everyone scurrying. Hence the panic among my friends about needing good credit to snag a new place. After getting batted around for about three years (and living in some awful apartments), I have finally found a nice one about 10 minutes from downtown for a decent price. And I pray that the neighborhood doesn't get trendy. A local Lifestyle magazine recently gave my neighborhood a NAME, though, so it's only a matter of time.
Also bad: My city boomed in the 90s. And it went bust. So I am always expecting that to happen again.
I used to live in an economically lagging city in the midwest, and there were some perks to that too -- like having a giant, beautiful apartment walking distance from everything for $450 a month. And fewer hipsters. And less pretentiousness in general.