U.S cities with promising economic & real estate growth?
What are some U.S. cities that have potential for economic & real estate growth in the next 3-5 years? Looking to buy a house as an investment in one of these areas (since Bay Area housing prices are absurd)
Atlanta
Boise
Micron?
High quality of life, very cheap homes https://www.businessinsider.com/californians-priced-out-move-to-idaho-2018-10
If you can stomach a majority conservative political culture, Utah’s Silicon Slopes have been a sort of dark horse in the tech industry. Economy’s done really well, with major companies like Amazon, Netflix, EBay, Snapchat and others building or already built offices in and around Salt Lake/Provo area. Huge startup culture. Real estate prices continue to rise. Beautiful scenery too. There’s downsides as well. It’s nowhere near as big as the Bay Area and compensation is not competitive, although Utah does have a very affordable cost of living. However, you have a lot of religious influence that some see feel is overbearing, and there is some truth to that. I’ve heard Denver is also doing fairly well, and there’s Seattle of course, but you might feel it’s too similar to the Bay Area. If you’re looking for a low-cost investment, Texas always has locations that continue to see growth in the real estate sector. Hope that helped lol
ATL -> fast growth in tech sector + low real state prices.
Pittsburgh, Detroit, Jacksonville, Salt Lake and Austin.
Denver
NYC and Seattle.
Seattle 🤦🏻♂️... it’s like the OP saying that he does not want to be cut by a knife and you saying that would you prefer to be cut by a sword instead 😂
Fresno. You can drive there. And there is going to be a high speed rail to there in 10 years.
Mind to share how are you gonna manage the property remotely? Can you really make good return after paying external property managers? Have you already have such real estate investment? If so, what’s typical return have you got/are aiming for? I am interested in rental investment too; newbie here. Have heard people like investing in Sacramento - where house cost is about 1/3rd compared to the Valley. Have you thought about it? I am waiting for Amazon’s HQ2 announcement. If it’s Northern Virginia (NoVA), do you think it will be a good chance to grow the real estate/rental value there?
Austin, nice tech hub. More and more companies are flocking there to open up offices. I also read somewhere that Washington DC is the next Amazon HQ. That's another obvious candidate if Amazon does select it.