Attention real estate investors: Want to know where the markets of tomorrow are? (And, who wouldn’t considering how terrible the markets of today are for the most part!)
Okay then….listen up: Follow the 20 something crowd!
Seems urban planners consider some cities to be “youth-magnet cities”-and these tend to change from one generation to the next.
The Wall Street Journal put together a panel of experts to come up with a list of the next youth-magnet towns and here is what they came up with:
Believe it or not, Washington, DC ranked number one!!!
If you guessed this might have something to do with Mr. Obama, you’d be right. Apparently, the experts feels that many 20 somethings will flock to D.C. because they think Obama is soooooooooooooooooo awesome, chill, cool, whatever—and also figure that there may actually be some jobs in government since there don’t seem to be many in the private sector.
Next up is Seattle (20 somethings like fish????), followed by New York (20 somethings like greed???), followed by Portland, Ore (20 somethings like fish and the pretense there is no such thing as greed???) and then Austin, Texas (20 somethings feel safer near anyone named Bush???)
But here is my own analysis–I say, if you are a would-be real estate investor, zero in on Los Angeles, where I live. L.A. is apparently not on the list as being a youth-magnet city. And, that means it will be a swell place to live for anyone who is NOT 20 something!!!!
Photo Credit: Humberto Moreno
Article Author:
Charles FeldmanCharles has written 149 articles for us.
Visit Charles's Website: http://www.thefeldmanblog.com
Charles is currently reporting for KNX Radio in Los Angeles, is the co-author of the book No Time To Think, and can be found commenting about the news on his blog, The Feldman Blog.
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{ 4 comments… read them below or add one }
I love these so called “experts” that use some individual criteria to say where to invest. Since time immemorial, the best place to invest in Real Estate is where the JOBS are. We have all heard the saying “Location, Location, Location”. Well, location means jobs, jobs mean consumers. You want to know where to invest? Just look where Wal Mart, Home Depot, McDonalds, and other major retailers are building. Where to avoid? Look for shuttered major retailers. Also avoid over built markets, ie. Phoenix, Las Vegas, Southern California, etc… There are plenty of BETTER indicators on where to buy than the 20 Something crowd.
Los Angeles? Seriously? Is this blog supposed to be taken seriously or is it simply a transparent plug for your personal real estate business?
That said, the information about Austin is patently false. The city is being overrun with Californians and Yankees. When it was still part of Texas, it was a wonderful place. Alas, that was a long time ago. If you’re thinking about moving there, go to Washington DC, Portland or Denver……anywhere but Austin. The last thing we need down here is more outsiders bringing their outsider ways. We’ve seen what you did to LA. Keep it there, por favor.
Shane – I think you missed the humor within the post.
I agree with Charles and Mike. The Washington area is, in fact, where the jobs are. (Not so much in DC itself, but in neighboring states of Maryland and Virginia.) And Washington is a much more appealing city than it once was. I noted last week how it is much safer than it used to be – safety was once a factor that kept many people out of DC. It’s still not safe compared to, say, Weston, MA; but it’s a lot safer.