Renters And Businesses Are Moving - Thoughts On These States?

Question

As a passive investor (AKA limited partner) in apartment syndications, I do a fair amount of macro-level research on the economy, markets, tenant/landlord laws, taxes and migration trends. I noticed this map (below) being circulated on social media over the past couple weeks by several individuals. What are your thoughts on these migration trends and the states in dark blue which are seeing an influx of people?

Joe Splitrock · Answer

Population movement is the most important thing for real estate investors to monitor. Housing prices are directly tied to housing demand, which is a byproduct of population movement. Map isn't a big surprise as we have seen people leaving California for Texas and leaving New York for Florida. From high tax sand high regulation states to low tax states and low regulation states.

Of course it is worth mentioning this is percentage of population, so the number of people is relative to the size of the population.

Bottom line is you always want population increase in a city or state.

Of course it is worth mentioning this is percentage of population, so the number of people is relative to the size of the population.

Bottom line is you always want population increase in a city or state.

Renters And Businesses Are Moving - Thoughts On These States?

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