Oftentimes, it seems hard to know where to put your money.
Stocks take time to manage, business relies on setup, capital, and reliance on the economy, but what about real estate?
Sure… it’s got its ups and downs and it’s had its crashes, but if you dig into the emerging markets in real estate—the ones that are truly trending higher—it’s easy money.
Here are 3 emerging markets you can get involved in NOW…
These emerging markets aren’t the traditional location-specific kinds you might be used to, but they look at overall trends that can be overlapped with up and coming city/town booms.
That means there’s plenty of opportunity to sink your teeth into.
Let’s start with “18-Hour Cities”…
For years and years, 24-hour cities—Like Chicago and New York—have been the go-to investments. But now it takes a LOT of capital to get your foot in.
Now it’s starting to look like the “18-hour cities” are ready for their turn.
So while New York, Los Angeles, Chicago, etc. will still be vibrant and alive, cities like Austin, TX, Portland, OR, and Asheville, NC are quickly on the rise.
The combination of lower cost of living with emerging opportunities in those areas is creating a whole new trend in real estate and beyond.
Moving onto to “The New Suburbs”…
In real estate, it’s important to consider the age range of people who are currently buying the most.
While the first home-buyer age is rising, we’ll still want to focus on what Millennials will be buying over the next decade or so.
They’re a bit of a strange generation that prides itself on being different, but some things never change.
For instance, they still want to own homes, they still want families, and they’ll still obviously want good schools for their children.
Millennials still want to be connected to with urban life, so be prepared for growing transit-oriented suburban development that allow this generation to easily get from suburban home to city hub.
This means areas around booming cities where transport is being built is a great place to look to invest in.
Finally, let’s look at the current Impact of Renting…
With housing prices skyrocketing, renting is becoming more popular than ever, and it’s being done in brand new ways. Take Airbnb and VRBO for instance. They are platforms designed for people to temporarily rent out their homes to those looking for shorter term rentals.
And it’s grown to the point where people are picking up property with the sole intention of renting it out on those platforms.
Winning in real estate is about spotting the trends and making an educated assumption of how long those trends will last.
Stocks and business are great, but if I were you, I’d take a big chunk of money and invest in one (or all) of these emerging trends as soon as viable.
