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| trixiezzz |
 Posted: Fri Feb 25, 2005 6:39 am Post subject: Look at job growth |
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Investing Manager
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| Where to invest in real estate should depend on a lot on how stable the overall job growth is in your area. Where there is a variety of good jobs available will often be the best predictor of where the biggest growth in home prices over a long period of time. |
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| paula0000 |
| Posted: Sat Feb 26, 2005 3:17 am Post subject: |
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Investing Manager
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| Job growth is a good factor. Also, around here there are a lot of colleges/universities. People will often buy close to schools to rent out to students. |
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| trixiezzz |
| Posted: Mon Feb 28, 2005 4:39 am Post subject: |
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Investing Manager
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And it can be tricky, because it sometimes really depends on an area offering "variety" of jobs. Many booming areas are really dependant on a single industry or job sector. These geographic regions may be hot now, but if that one industry starts to decline, people get laid off and pack up and move. So your investments need to be in areas that are supported by many different job types. That way, employed workers will always be needing housing in these areas ~ and your ivestments are much more likely to produce continued, long-term growth, regardless of if setbacks happen in one or two industries.
Remember how hot Houston TX was in the oil-rich days. After the oil boom stopped you couldn't give a house away. |
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