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The 6 US Housing Markets That Made Us Rich

admin by admin
June 29, 2024
Home Finance
Location, location, location is a phrase often repeated in the real estate business, meaning that where you end up buying property is where you end up making money. Lots of places in the United States are known for having high-end real estate that’s worth more and more as time goes on, yet not every market across the country is equal. Some can provide a suitable return on investment and others can make you a millionaire.
The San Francisco Bay Area has been a goldmine for real estate agents, particularly because of its tech-driven economic boom and limited housing supply, according to Tim Choate, the founder and CEO of RedAwning.
The area’s combination of high demand and low inventory has consistently driven up property values, Choate mentioned. For instance, when I first ventured into property investments in the early 2000s, the market was just beginning to feel the impact of the tech sector’s explosive growth.
Investing in properties near burgeoning homes for tech, such as Mountain View, Redwood City and Palo Alto paid off immensely for Choate, especially when companies like Google and Facebook expanded their campuses and workforces in those areas.
Guthart observed that the capital city of Texas was growing rapidly with a new tech boom that attracted a whole new wave of young professionals looking to spend their high salaries.

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