Investor · Tampa, FL · Member since 2016 · 334 posts · 215 votes
One of the keys to real estate investing is finding a profitable market. Certainly you can make money in a market with stable growth, and if you're really good, even a declining one. However, where you'll find the most success is in GROWING markets.
Brandon on the BP podcast constantly reminds us about this by poking fun at Detroit.
Surprisingly, Detroit isn't even close to being the worst city on this list.
Check out the following map to see how your city compares:
Yeah, our good old Kansas City doesn't make a lot of the fastest growing lists. At least it also doesn't make the fastest crashing lists when a recession hits, though.
Excellent resource. The trends look like people are moving form the colder states to the shore areas of the warmer states. This could be attributed to the baby boomers turning to snowbirds, and retiring in the warmer areas. Glad to know my market of SoFla is on the rise... although, due to the lack of good deals, it's pretty much common knowledge down here. Either way, good stuff.
Yeah, our good old Kansas City doesn't make a lot of the fastest growing lists. At least it also doesn't make the fastest crashing lists when a recession hits, though.