Yea, Atlanta is definitely going crazy with Tech businesses moving in. People are definitely following the jobs (even though remote work is more of an option). You can’t look up without seeing a giant crane! And with the beltline coming in it’s a pretty incredible thing to watch in real time!
Atlanta is definitely growing. Unfortunately crime is very bad in Atlanta. Metal detectors in malls going up/down the escalator, because of Mall shootings. Cars being broken into constantly. People getting robber on the beltline. Traffic on par with Los Angeles.
@@yume816 Crime will stay in downtown, that's where most of the crime hangs out. But if you go north of Marietta the crime rate is much much lowers. All you hear is petty crime, nothing crazy like downtown and it's surrounding. Just look at the demographics.
I use to love BiggerPockets but their topics over the last two years have become so macro economy in scope with a heavy dose of mindset that the specifics of real estate transactions and property management have been ignored. For example, BiggerPockets will have a guest who owns a large number of properties and there will be no deep drive into any specific transaction the person has done. Also there is almost a complete pass in asking the guest how he found, financed and manages the property. This discussion was good if someone was living in a cave the past three years and payed no attention to the real estate market What new information was provided?
1950s no zoom no internet AND NO CELL PHONES! 😊 You got the message when you got home whenever that was. You called a person job and went through 5 people before getting the message that your loved one is not at their desk. Life is truly different now. All instant gratification #21century
Great conversation. Knowing the migration patterns is useful but taking a close look at where's the highest price to rent ratio and chepeast real estate (per sq. ft) seem better quantitative questions for the short and long term. Also, knowing the type of jobs or crowd that is attracted to the area is essential.
It's interesting to see which real estate markets are experiencing a surge in migration in 2023. It can be helpful information for those looking to invest or relocate.
It does not appear that the migration out CA and NY is going to stop anytime soon. These people are landing in just a few states and cities for the most part. We're pretty bullish on coastal apartments in Florida, mainly southern Florida where we already have a small presence. Throw in attractive landlord laws, we're excited about what Florida has to offer over the next few years, high rates or not.
No sir, people are moving out of Florida. It has become very expensive to rent there and they can't get home insurance for their houses when they buy. I would not move to Florida. Very low inventory there too. I have a roommate who moved to NC to rent my room because her rent went way up. .
@David Crandall I know it feels that way to you, but the net migration and/or population growth in Florida is #1 in the US. It grew the most out of any state the last couple of years and its not slowed yet.
@@robwithrbk Well they are paying the price for their mistake and it also has the most natural disasters of all 50 states. Florida sucks, I would not move there. Not enough housing so your rent will go up a shocking amount every year. Miami is going to be underwater in the near future and look what happened to Ft Myers this year. Florida sucks - - - oh, did I already say that?
We just sold our house. It was our second home for Airbnb. We went through 3 price reductions in 3 months. We ended up taking about -32% off original asking. It was very tough.
Texas is a great market. I have lived here my whole life. It is also a very competitive market to buy properties. Everyone is buying multi family properties here so they are expensive and if you find something, you better move fast or it will be gone. No buyer's market here yet.
Going to FL and TX, also NC, SC, TN, GA 😥 I continue to regret not buying in early 2021 when I first got ready to. Please go home y'all. We've already got enough people in the South.
I never believed Florida was in a bubble I saw this coming years ago even before covid. Like who wouldn’t want to live where people vacation. It’s beautiful here. Thank God I can still afford it. I feel bad for the natives and people who have been here for years that can’t afford it tho. hope they beef up their skills and get better jobs or their bubble will burst unfortunately.
I don't mean to sound cruel but most of this information is old news but I appreciate the effort. Also, if you were told it doesn't get cold in Texas, it's a lie. There has been 2 winter storms in the last 2 years, apt pipes bursting and extended periods of power outage due to the crazy weather. All I'm saying is, do your due diligence before you move anywhere
There’s no slowing down here in Florida! For duplex home in the market is at least 7 buyers waiting wiling to over pay! New home still selling no matter the interest rate when up! All builder are pulling offers down!!! They don’t need them 🔥🥴
Warm weather and low taxes how are the numbers for Puerto Rico? I mean if you can work remotely enjoy hawaii climate and $99 flights from Miami seems like a no brainer but would love to hear your opinion or data on this and why. I live in FL and commercial banking lending tends to follow migration trends. Myrtle Beach now a trend setter due to low insurance and liability risk. Just saying.
Infrastructure, services, etc. in Puerto Rico are very poor quality. Could take them weeks to a month to fix something on your car. It you’re cool with that go for it
Thanks for covering the types of jobs moving in to or out of a state. Could you cover all the different types of ways a state with no personal income tax makes up for that revenue?
It's simple, only move if the pros significantly outweigh the cons. Fact is, companies will move due to the tax breaks but not necessarily the talent pool. For ex: California companies move to Texas and low balling local talents; so not all that glitters is gold
@@Anna-qz6xw wtf???? well where is that house? im not even in a rich area and last time i left my garage open all day and left to work and nothing happened.
Is long term defined? Is it greater than 10 years? Because being heavily invested in the flood plains of Houston or under water in the coastal areas of FL 10 years from now would be extremely risky to me. I also think they're misinterpreting the end of the party with a long term trend, the pressures from climate change will force people out of many of the locations they are hyping. Even the explanations Dave and Dave are giving are reactionary reasons, which doesn't give me confidence that they are looking to the future trends other than what has happened due mostly due to Covid.
I agree and many other real estate channels are stating opposite to hold cash sit tight and that companies are forcing employees to come back into office so moving won’t happen as much.
At the current prices throughout Charlotte Raleigh Atlanta and all of FL , there are plenty of other better options than paying 600-800 in NC 30miles outside of the city; you could literally live in the DC metro for that much in a larger house
Bingo! I'm luckily to be one of those guys. RE is a very rich person game now. Bigger pockets is a shadow of its previous self because "little guy RE investors" is over. If I was new investor starting from scratch I would risk buying a business.
The benefit of keeping your NY or SF salary remote is gone. Companies today are taking the approach of salary adjustment based on the cost of finding your talent in that area, which pretty much is a Corporation way to say "we are going to decrease your salary because Yes"
You were spot on it seems like too many channels are doing this lately I know part of its TH-cam's fault cuz they prefer longer videos especially at least 10 minutes or more so they can show more ads. But it's gotten irritating how a lot of these channels will ramble for 10 minutes before they even start to give you any useful information. I'm pretty sure they're doing it because of the algorithms but I just wish if they were going to do that they would fill it with more useful content or just make it a 20-minute video instead of 40. I end up having to play these things on double speed and hit the 10 second forward button constantly when they're just talking about useless information. I understand it's free content but there's certain channels that I just prefer to watch last because I know they're going to do this.
I was wondering why Northwest Arkansas never comes up as an emerging market. There’s lots of tech and the university is training more. Lots going on there. Would love to know your opinion. It’s under the radar right now
David Green I think the New York is way of a price but I gotta imagine once people start moving out of like that Ben the taxation and where they run that shitty in that state they have to change I mean you can’t sub that type of population loss and tax base revenue was be able to sustain that paper real estate pricing yeah I live in Florida as well and I love it I think Florida great place to invest on the Mac Barnett buy real estate out there myself now inside Salsano Perron southwest Florida what position to Dairy Queen
Really surprised BP is jumping on the Austin bandwagon when the city is woke and likely to impose its own anti-landlord initiatives, plus lots of investor competition. DFW is just north, has massive growth and is moderate politically. I guess I’m happy there’s no attention being brought: more deals for me!!
Still lots of competition here in DFW. Fun fact, there are currently no 2-4 unit properties available in Frisco, Plano, Richardson or Allen and there is only one in McKinney.
Got to thank these greedy investors/speculators for jacking up prices of hosing across the country. I hope upcoming recession will give you the taste of your own medicine.
It was market manipulation from artificially low interest rates for too long by the Federal Reserve that caused it. The Federal Reserve was supposed to act as an independent entity by adjusting interest rates with the rate of inflation to keep inflation at 2%. Instead they were manipulating the markets for political and crony favors. It wasn’t until inflation far exceeded 2% the Federal Reserve finally decided to raise rates because inflation was now squeezing the profit margins of their own, politicians and their cronies financial interests. The Federal Reserve is part of the European banking system, not our government and needs to be abolished for this very reason. They serve their own interests. If the Federal Reserve was not manipulating the markets with things like QE and artificially low interest rates by allowing the free market to work as it should, we would not be in the mess we are in today. This market manipulation will only continue to inflate away the value of the dollar till it is no longer has enough value to be the world’s reserve currency till we return to sound money backed by gold the framers mentioned in the constitution. Because our government stupidly took our currency off the gold standard back on August 15th, 1971. Also by allowing the Federal Reserve, that is not part of our federal government, take over control of our currency in 1913 is why we are seeing all the inflation we’ve seen in the past and are seeing today. This is why wages can no longer keep up with inflation. You can thank crony, not free market, politicians for selling us out. People are only doing what they can to survive and thrive in this mess politicians and the Federal Reserve has now gotten us into, which now favors the rich than the poor as they intended and the framers of the constitution warned about. If we had the free market we used to have, which is what made us the richest country in the world the framers of the constitution had also intended, it would have been kept inflation under control, our money would be worth more today and only survival of the fittest workers with the best companies would be doing well, as they should be. Instead great companies and their employees are having to compete for market share with zombie companies the Federal Reserve and our government are propping up for political favors of crony capitalists that are manipulating the markets with the help of the Federal Reserve to be in their favor. Inflation caused by crony market manipulation, not free market capitalism, by the Federal Reserve, politicians and other cronies, is behind all the inflation that is now driving our jobs and manufacturing overseas, which is lowering the value of our currency and wages even further.
Do all these people moving to the sunbelt understand the climate change risks they will face in the foreseeable future? In particular I am thinking of areas like Florida, East Texas, Arizona, etc. These states are going to see some of the greatest impact of climate change as average temperatures continue to rise and flooding becomes more common. Will this cause people to turn around and move out of these states in the next few years? Long term, these markets do not seem that stable. I moved out of the Houston area and sold all my investments there because the increasing cost of insurance and near constant repairs from weather was driving up my expenses. I have found markets in the mountain west are in high demand and face less risk overall, providing more steady returns long term. Could markets such as Colorado, Utah, and Idaho be the next boom as people begin migrating out of the south as they tire of the baking summers and flooding the rest of the year?
@@MeetLou True, been hearing it for decades. Then again, from where things were and based on the trajectory of things like rising temps, it was gonna take a while to get to that tipping point where conditions become so bad that people actually move away from it. Wonder how close we are to that point now? If I had to guess, the way things are going, it would seem to happen within the next decade. How many people want to live in a place that floods every year, or regularly sees 110+ temps in the summers? These "historic" floods and record temps seem to be occurring more frequently lately, will that trend continue? Even winter can be a problem in these warmer states as the Texas power grid failures have shown.
@@brady_morgan the thing about that that concerns me is that I only see smaller investors acting on the issue of climate change. Large institutional investors don’t seem to care about climate change and have received incredible returns in places like Miami and Houston. Makes me wonder if it’s really as bad as people say. But I’m also not any kind of expert on the subject so who knows the big banks could all be wrong
@@freedomjazir You're right. But the institutional investors will be the last to leave. They have too much setup invested into those markets to easily pick up and leave. Add to that the fact that they typically are less sensitive to changes in the market due to the economies of scale, I wouldn't expect them to feel the pain until it reaches a higher threshold. Just my thoughts on it anyways, based on my own experiences in Texas. Expenses were definitely going up, even pre-covid. Insurance in particular was becoming a real pain with the increases. Certainly an interesting topic for research and discussion in my mind, at least for anyone interested in a timeline extending a decade or more from now.
![Bob Sutton: How to Outwit Workplace Jerks [Entire Talk]](/img/n.gif)
Yea, Atlanta is definitely going crazy with Tech businesses moving in. People are definitely following the jobs (even though remote work is more of an option). You can’t look up without seeing a giant crane! And with the beltline coming in it’s a pretty incredible thing to watch in real time!
Atlanta is definitely growing. Unfortunately crime is very bad in Atlanta. Metal detectors in malls going up/down the escalator, because of
Mall shootings. Cars being broken into constantly. People getting robber on the beltline. Traffic on par with Los Angeles.
@@Terminus100 Downtown ATL is going through gentrification pushing crimes out.
@@yume816 you obviously don’t know anything about Atlanta. Our crime has nothing to do with gentrification.
@@yume816 Crime will stay in downtown, that's where most of the crime hangs out. But if you go north of Marietta the crime rate is much much lowers. All you hear is petty crime, nothing crazy like downtown and it's surrounding. Just look at the demographics.
I use to love BiggerPockets but their topics over the last two years have become so macro economy in scope with a heavy dose of mindset that the specifics of real estate transactions and property management have been ignored. For example, BiggerPockets will have a guest who owns a large number of properties and there will be no deep drive into any specific transaction the person has done. Also there is almost a complete pass in asking the guest how he found, financed and manages the property.
This discussion was good if someone was living in a cave the past three years and payed no attention to the real estate market What new information was provided?
1950s no zoom no internet AND NO CELL PHONES! 😊 You got the message when you got home whenever that was. You called a person job and went through 5 people before getting the message that your loved one is not at their desk. Life is truly different now. All instant gratification #21century
Great conversation. Knowing the migration patterns is useful but taking a close look at where's the highest price to rent ratio and chepeast real estate (per sq. ft) seem better quantitative questions for the short and long term. Also, knowing the type of jobs or crowd that is attracted to the area is essential.
It's interesting to see which real estate markets are experiencing a surge in migration in 2023. It can be helpful information for those looking to invest or relocate.
Another banger video! As usual 📈
It does not appear that the migration out CA and NY is going to stop anytime soon. These people are landing in just a few states and cities for the most part. We're pretty bullish on coastal apartments in Florida, mainly southern Florida where we already have a small presence. Throw in attractive landlord laws, we're excited about what Florida has to offer over the next few years, high rates or not.
Do you have a strategy for how long to hold onto coastal properties?
@Christobar whatever keeps our investors happy. Our current 16 unit we bought last April is a flip. We went into it knowing we'd flip.
No sir, people are moving out of Florida. It has become very expensive to rent there and they can't get home insurance for their houses when they buy. I would not move to Florida. Very low inventory there too. I have a roommate who moved to NC to rent my room because her rent went way up. .
@David Crandall I know it feels that way to you, but the net migration and/or population growth in Florida is #1 in the US. It grew the most out of any state the last couple of years and its not slowed yet.
@@robwithrbk Well they are paying the price for their mistake and it also has the most natural disasters of all 50 states. Florida sucks, I would not move there. Not enough housing so your rent will go up a shocking amount every year. Miami is going to be underwater in the near future and look what happened to Ft Myers this year. Florida sucks - - - oh, did I already say that?
In early 2020 I moved all of my business out of Oregon and into Texas, then later into Florida as well
vote red or go back
Why?
Oh NVRMD 😂 that’s right …
@@nickc3856 yessir! 👌🇺🇲
Moved my real estate from Portland, OR to DFW.
One long term issue I didn’t hear either of you mention is climate change…I know you are looking at recent data but not a dynamic to be ignored
We just sold our house. It was our second home for Airbnb. We went through 3 price reductions in 3 months. We ended up taking about -32% off original asking. It was very tough.
Texas is a great market. I have lived here my whole life. It is also a very competitive market to buy properties. Everyone is buying multi family properties here so they are expensive and if you find something, you better move fast or it will be gone. No buyer's market here yet.
Are there a lot of duplex to fourplex in Texas?
It depends on the city.
daammm not a fan of texas, florida is my home
Not in Dallas though right? Haven’t seen much multi
Family there
@@Jameslefrancais Not much is listed. Sellers go direct to brokers.
Going to FL and TX, also NC, SC, TN, GA 😥
I continue to regret not buying in early 2021 when I first got ready to. Please go home y'all. We've already got enough people in the South.
I never believed Florida was in a bubble I saw this coming years ago even before covid. Like who wouldn’t want to live where people vacation. It’s beautiful here. Thank God I can still afford it. I feel bad for the natives and people who have been here for years that can’t afford it tho. hope they beef up their skills and get better jobs or their bubble will burst unfortunately.
I don't mean to sound cruel but most of this information is old news but I appreciate the effort. Also, if you were told it doesn't get cold in Texas, it's a lie. There has been 2 winter storms in the last 2 years, apt pipes bursting and extended periods of power outage due to the crazy weather. All I'm saying is, do your due diligence before you move anywhere
Also Florida Homeowner Insurance sky rocketing
Fantastic show with great data to make very important RE decisions. Thanks Gentlemen!
There’s no slowing down here in Florida! For duplex home in the market is at least 7 buyers waiting wiling to over pay!
New home still selling no matter the interest rate when up! All builder are pulling offers down!!! They don’t need them 🔥🥴
How much duplex go for. where in FL. what is the rent for each side.
Warm weather and low taxes how are the numbers for Puerto Rico? I mean if you can work remotely enjoy hawaii climate and $99 flights from Miami seems like a no brainer but would love to hear your opinion or data on this and why. I live in FL and commercial banking lending tends to follow migration trends. Myrtle Beach now a trend setter due to low insurance and liability risk. Just saying.
Infrastructure, services, etc. in Puerto Rico are very poor quality. Could take them weeks to a month to fix something on your car. It you’re cool with that go for it
Thanks for covering the types of jobs moving in to or out of a state. Could you cover all the different types of ways a state with no personal income tax makes up for that revenue?
Usually higher sales tax
Austin Texas - high property tax, besides the 8.25% sales tt
I am starting to think that the business of Bigger pockets is to sell us what they flip and in the áreas they work.
Very good information right here
Guys try Boston suburbs. Very stable. A 200k apartment gives you 2000 per month. Gross.
It's simple, only move if the pros significantly outweigh the cons. Fact is, companies will move due to the tax breaks but not necessarily the talent pool. For ex: California companies move to Texas and low balling local talents; so not all that glitters is gold
TEXAS AND TENNESSEE ARE THE PLACES TO MIGRATE TOO. I LIKE MEMPHIS TN.
An advise! I paid my house 400th . How can use that money to laverage for an investment properties? Thank you! Great program ✅
What technology or plataform are you using? I would like to get that data for Mexico!
Do I really have to invest out of state? I would prefer to look or touch at the property whenever I want to invest in it.
@@Anna-qz6xw wtf???? well where is that house? im not even in a rich area and last time i left my garage open all day and left to work and nothing happened.
Anyone want to list the top 10 or mark it with the time ?
Good info, thanks.
Is long term defined? Is it greater than 10 years? Because being heavily invested in the flood plains of Houston or under water in the coastal areas of FL 10 years from now would be extremely risky to me. I also think they're misinterpreting the end of the party with a long term trend, the pressures from climate change will force people out of many of the locations they are hyping.
Even the explanations Dave and Dave are giving are reactionary reasons, which doesn't give me confidence that they are looking to the future trends other than what has happened due mostly due to Covid.
I agree and many other real estate channels are stating opposite to hold cash sit tight and that companies are forcing employees to come back into office so moving won’t happen as much.
At the current prices throughout Charlotte Raleigh Atlanta and all of FL , there are plenty of other better options than paying 600-800 in NC 30miles outside of the city; you could literally live in the DC metro for that much in a larger house
@@badinstinctsyoutube7108 because not everyone wants to live where it slows down. Beach living is great if that is the phase you're in.
Can you please show charts? It would be a lot more helpful
All these stories of normal people getting rich from RE is mostly from 2010s post recession. Those days are over.
Bingo! I'm luckily to be one of those guys. RE is a very rich person game now. Bigger pockets is a shadow of its previous self because "little guy RE investors" is over. If I was new investor starting from scratch I would risk buying a business.
Define rich?
Normal people?
The benefit of keeping your NY or SF salary remote is gone. Companies today are taking the approach of salary adjustment based on the cost of finding your talent in that area, which pretty much is a Corporation way to say "we are going to decrease your salary because Yes"
This put me to sleep! I woke up and asked google instead. Podcasts always take 500 hours to give you 30sec of information 😴😴😴😴😴😴
You were spot on it seems like too many channels are doing this lately I know part of its TH-cam's fault cuz they prefer longer videos especially at least 10 minutes or more so they can show more ads. But it's gotten irritating how a lot of these channels will ramble for 10 minutes before they even start to give you any useful information. I'm pretty sure they're doing it because of the algorithms but I just wish if they were going to do that they would fill it with more useful content or just make it a 20-minute video instead of 40. I end up having to play these things on double speed and hit the 10 second forward button constantly when they're just talking about useless information. I understand it's free content but there's certain channels that I just prefer to watch last because I know they're going to do this.
I absolutely agree. Talking just to be talking. Dragging it out
They said the same thing about people working from home for 20 minutes.....
Nah for real
You are 100% right. They repeat the same thing in every podcast now
You guys say a lot without saying a lot
I was wondering why Northwest Arkansas never comes up as an emerging market. There’s lots of tech and the university is training more. Lots going on there. Would love to know your opinion. It’s under the radar right now
lets keep it under the radar
What about Columbus Ohio where the Intel plant will be coming online in 2025?
Can y’all not come here and make the home prices even more inflated 🤬
please move to the southwest and not the southeast
🔥🔥🔥
Definitely some shifting sands!
What’s Jacksonville growth looking like?
Dave is a lot better than Rob. My suggestion would be to make the swap moving forward.
David Green I think the New York is way of a price but I gotta imagine once people start moving out of like that Ben the taxation and where they run that shitty in that state they have to change I mean you can’t sub that type of population loss and tax base revenue was be able to sustain that paper real estate pricing yeah I live in Florida as well and I love it I think Florida great place to invest on the Mac Barnett buy real estate out there myself now inside Salsano Perron southwest Florida what position to Dairy Queen
Are you there?
What are the 10?
This could have been a 10 min conversation. Can we please have some short and concise analysis aside from the podcasts? Thank you
South of Downtown Austin median house sale is for 1.2 million...
Really surprised BP is jumping on the Austin bandwagon when the city is woke and likely to impose its own anti-landlord initiatives, plus lots of investor competition. DFW is just north, has massive growth and is moderate politically. I guess I’m happy there’s no attention being brought: more deals for me!!
Not to mention the heat is almost unbearable for 3-4 months out of the year.
Still lots of competition here in DFW. Fun fact, there are currently no 2-4 unit properties available in Frisco, Plano, Richardson or Allen and there is only one in McKinney.
@@dfwfurnishedhousing8533 isn’t that because Frisco city council denies all multi unit permits?
@@lotsosoul I think so. Also people who own them don’t really sell and once they do hit the market they are snatched up immediately.
FLORIDA.!
Businesses leaving those states for the same reason. Bad policies.
Skip to 21 min yw
Salt Lake City is growing because Mormons have a lot of kids and they typically stay in SLC.
Don’t forget politics. Politics is one of the main reasons for the migration.
Got to thank these greedy investors/speculators for jacking up prices of hosing across the country. I hope upcoming recession will give you the taste of your own medicine.
It was market manipulation from artificially low interest rates for too long by the Federal Reserve that caused it. The Federal Reserve was supposed to act as an independent entity by adjusting interest rates with the rate of inflation to keep inflation at 2%. Instead they were manipulating the markets for political and crony favors. It wasn’t until inflation far exceeded 2% the Federal Reserve finally decided to raise rates because inflation was now squeezing the profit margins of their own, politicians and their cronies financial interests.
The Federal Reserve is part of the European banking system, not our government and needs to be abolished for this very reason. They serve their own interests. If the Federal Reserve was not manipulating the markets with things like QE and artificially low interest rates by allowing the free market to work as it should, we would not be in the mess we are in today.
This market manipulation will only continue to inflate away the value of the dollar till it is no longer has enough value to be the world’s reserve currency till we return to sound money backed by gold the framers mentioned in the constitution. Because our government stupidly took our currency off the gold standard back on August 15th, 1971. Also by allowing the Federal Reserve, that is not part of our federal government, take over control of our currency in 1913 is why we are seeing all the inflation we’ve seen in the past and are seeing today. This is why wages can no longer keep up with inflation.
You can thank crony, not free market, politicians for selling us out. People are only doing what they can to survive and thrive in this mess politicians and the Federal Reserve has now gotten us into, which now favors the rich than the poor as they intended and the framers of the constitution warned about.
If we had the free market we used to have, which is what made us the richest country in the world the framers of the constitution had also intended, it would have been kept inflation under control, our money would be worth more today and only survival of the fittest workers with the best companies would be doing well, as they should be.
Instead great companies and their employees are having to compete for market share with zombie companies the Federal Reserve and our government are propping up for political favors of crony capitalists that are manipulating the markets with the help of the Federal Reserve to be in their favor. Inflation caused by crony market manipulation, not free market capitalism, by the Federal Reserve, politicians and other cronies, is behind all the inflation that is now driving our jobs and manufacturing overseas, which is lowering the value of our currency and wages even further.
Thank you government for bailing out silicon valley bank... Crooks... Let them fail
Speaking in code.....Liberal Dem cities.....no bueno.....conservative cities bueno.
Do all these people moving to the sunbelt understand the climate change risks they will face in the foreseeable future? In particular I am thinking of areas like Florida, East Texas, Arizona, etc. These states are going to see some of the greatest impact of climate change as average temperatures continue to rise and flooding becomes more common. Will this cause people to turn around and move out of these states in the next few years? Long term, these markets do not seem that stable. I moved out of the Houston area and sold all my investments there because the increasing cost of insurance and near constant repairs from weather was driving up my expenses. I have found markets in the mountain west are in high demand and face less risk overall, providing more steady returns long term. Could markets such as Colorado, Utah, and Idaho be the next boom as people begin migrating out of the south as they tire of the baking summers and flooding the rest of the year?
climate change is fake, an excuse to de-industrialize the west. dont make investment decisions based on it
I agree BUT people been saying this for YEARS, many years.
@@MeetLou True, been hearing it for decades. Then again, from where things were and based on the trajectory of things like rising temps, it was gonna take a while to get to that tipping point where conditions become so bad that people actually move away from it. Wonder how close we are to that point now? If I had to guess, the way things are going, it would seem to happen within the next decade. How many people want to live in a place that floods every year, or regularly sees 110+ temps in the summers? These "historic" floods and record temps seem to be occurring more frequently lately, will that trend continue? Even winter can be a problem in these warmer states as the Texas power grid failures have shown.
@@brady_morgan the thing about that that concerns me is that I only see smaller investors acting on the issue of climate change. Large institutional investors don’t seem to care about climate change and have received incredible returns in places like Miami and Houston. Makes me wonder if it’s really as bad as people say. But I’m also not any kind of expert on the subject so who knows the big banks could all be wrong
@@freedomjazir You're right. But the institutional investors will be the last to leave. They have too much setup invested into those markets to easily pick up and leave. Add to that the fact that they typically are less sensitive to changes in the market due to the economies of scale, I wouldn't expect them to feel the pain until it reaches a higher threshold. Just my thoughts on it anyways, based on my own experiences in Texas. Expenses were definitely going up, even pre-covid. Insurance in particular was becoming a real pain with the increases. Certainly an interesting topic for research and discussion in my mind, at least for anyone interested in a timeline extending a decade or more from now.
Stockton is a commuter city. Cummiting your prison sentence.
I don’t normally comment, but the rambling of this video was just to much, get to the point.😢
Commi pinko liberal cities ....not growing? Let's Gp Brennndoin.
House price is going back to pre Covid-19.
I’m sure you wish they would…but no, they won’t.
@@lotsosoul. I know you wish it wouldn’t, but it will. Have you heard: What goes up will come down?
First!!!
Boy, can you talk about nothing!!
CA has horrible infrastructure