Are the suburbs making a comeback?
Since the end of the Cold War, it’s been the trendy thing to move to the big city.
After all, that’s where the highest paying jobs, the latest fashion trends, entertainment, and high culture are located.
Many Americans bored of their mundane lifestyles in the flyover country pounced on the opportunity to make it big in cities such as Los Angeles and New York City.
This trend held for a while. However, major Black Swan events such as the Global Financial Crisis and the COVID-19 pandemic have largely changed the game.
The GFC demonstrated how fragile the US economy actually is. Years of easy money and heavy regulation has made it less dynamic and susceptible to boom-and-bust cycles.
At the state level, many blue states (think California and New York) have built a reputation for having high taxes and regulations — policies that are not conducive for business growth.
Over the past three decades, millions of Americans have relocated from the northeastern and coastal regions of the US and have established new homes in Middle America and the Sun Belt. In these locations, they could at least keep their wealth and conduct business in a more flexible manner.
This trend went into overdrive during the COVID-19 pandemic. For many people, the government’s response was the straw that broke the camel’s back.
With their livelihoods completely rocked by government intervention and a perceived decline in their quality of life in major cities, they’ve had to look elsewhere for new places of residence.
Now, there’s a growing desire for people to move to the suburbs.
Let’s face it, major American cities are not the best places to live these days.
They’re crime-infested, expensive, and loud. Plus, with the advent of remote work, people can make significant amounts of money without having to move to a premier urban center.
With this kind of geographic flexibility, people will always opt for the cheaper and simpler kind of lifestyle that can be found in suburbia. Especially, in suburbs in flyover country and in the American Sun Belt.
People prefer to live in more spacious areas that are cheaper, safer and more relaxed.
Contrary to what some pundits say, suburbia is not going away, folks.
And that’s a great thing for income property investors.
You see, most red states, especially those in the Sun Belt, are pro-business and low tax in nature. Moreover, they have landlord-friendly policies.
What’s more, these areas feature many linear markets in the suburbs, where price fluctuation is rather stable. For the income property investor desiring consistent cash flows, this is a dream come true.
Linear markets are where the reliable cash flows are located.
Our very own Jason Hartman explains this during an interview with Mark Moss.
Listen to Jason make the case for a new set of real estate investing opportunities in suburbia here.
P.S. At Empowered Investor Pro, our investment counselors stress the importance of getting involved in suburban housing markets, among other linear markets.
These are the places where you’ll obtain the vaunted cash flows you’ll need to build a rock-solid portfolio.
However, this stuff is not easy. And you can make a ton of costly mistakes in the process if you don’t have the right information or guidance.
But fear no more, fellow empowered investor.
Empowered Investor Pro will supply you with the people and resources to make your income property investing journey so much simpler.
Want to save tons of money and time, while raking in massive cash flows through income property?
Join us at Empowered Investor Pro here!
