Updated over 7 years ago on . Most recent reply
#2 Tax, SDIRAs & Cost Segregation Contributor
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- Los Angeles, CA
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HOW TO FIGURE OUT WHO EMPLOYS MOST OF MARKET
#2 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- Los Angeles, CA
Hey guys,
I feel like I have a general understanding of largest employers in my prospective markets, but I think what I am truly looking for is WHO EMPLOYS A MAJORITY OF MY MARKET AND KEEPS ECONOMY GOING?
For example, if I am considering about investing in suburb "A" who's largest employer is a grocery store, but in reality most of residents in that town commute to City "B" that is only 2 miles away which has a major university and hospital.
How would I research and figure this out?
- Jason Malabute
Most Popular Reply
@Jason Malabute Finding information by neighborhood is useless and misleading. Folks commute between neighborhoods, areas and cities. A big employer locally might not be employing local employees or vice-versa.
This level of granularity would not be very useful unless you are investing very small markets with little or no movement. You run the risk of being precisely wrong as opposed to approximately right.