LINDA ' S LETTER
Happy 2021 ,
investors . It ’ s a new year , and everything is moving rapidly . Now that everyone has had to adapt to a “ new normal ”, an era of living during a pandemic , we ’ re going to be seeing many shifts ahead .
Fasten your seat belt as we prepare for drastic changes in government policy and economic trends , as well as global and local shifts .
If 2020 wasn ’ t bumpy enough for real estate investors , now even more new changes will be heading our way . Policies that will impact every aspect of our lives .
Already scores of businesses around the country have closed up shop . The pandemic demolished familyrun restaurants specialty stores , and countless others , many of which had been thriving for generations . Government aide in the form of PPP loans were simply not enough .
Retail is still bleeding , and has been slowly dying for many years — in case you didn ’ t get the memo on how Millennials are changing the economy . Many oncebullish office
Photo by John De Cindis and singletenant NNN investors are preferring to enter safer ground : Multifamily rentals , hence the huge appreciation in this sector .
Although change can be difficult , stressful and fearful ; we must also be open to the many opportunities that transformation can bring .
Some incredible opportunities being seen today are in hospitality , of course ; this comes as no surprise . Many small to midsize hotels are being lost in foreclosure or are being sold at unbelievable pricing . While some investors may fear this sector , others I know are looking for chosen properties to convert into studio rentals . In California , housing is at a premium and “ microunits ” are desperately needed in our economy .
Familial moving trends are also causing homes in oncesleepy towns to be sold at premium , thanks to
Find Equity , Build Wealth
By Linda Pliagas , Publisher / Editor
many families who are exiting urban areas to fully take advantage of the new “ virtual ” economy .
Other savvy urban developers are paying close attention to living trends and profiting . One company I know is creating singlefamily units with multigenerational living in mind . These threelevel units were designed to offer flexibility and privacy for extended families or numerous housemates .
Changing home trends , economic shifts , policy reforms , it ’ s already here . But certainly , expect even more change on the way in 2021 .
With life being at such a whirlwind and so many unknowns how can investors be confident in their decisions ? Although governments , businesses and cultural norms change , one rule remains constant . If we are to build wealth , we must FIND EQUITY .
Familial moving trends are also causing homes in oncesleepy towns to be sold at premium , thanks to many families who are exiting urban areas to fully take advantage of the new “ virtual ” economy .
Image by Gerd Altmann from Pixabay
19