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