?
Where should we buy our single family home rentals? To begin with, we can
focus on large metropolitan areas. Large metropolitan areas are usually
comprised of a number of cities (for example the Phoenix metro area includes
cities such as Chandler, Mesa, Gilbert, Scottsdale, Avondale, Peoria, Glendale,
and others). A large metropolitan area usually has good economic and
employment diversity, and a large pool of industries and employers. Thus is
likely to create employment opportunities and economic stability. A large metro
area also is likely to have a diversity of education, culture, culinary and many
other facets of life, which can be attractive to a larger pool of residents and
create a stable place in which to live.
Next, it is always instructive to study the demographic trends in the United States. Even before
we had the World Wide Web and search engines to facilitate research, demographic
information was available through multiple sources, including the US Census. It is evident that
as far as overall demographic movements, the Sun Belt States are the states which usually
experience net growth in population on an ongoing basis (those states in the sunny, southern
part of the US, such as Nevada, Arizona, Texas, Oklahoma, Utah, Colorado, Florida and other
southern states.) Not all Sunbelt states keep growing on a net basis, but many of the big ones
do, and that would be one criterion on which to base our geographic choice.
demographic, economic and weather
benefits. The Baby Boomers (those born
between 1946 and 1964) may be the largest
group of people in the US, numbering about
7778 million people. The oldest Baby
Boomers are already at age 71. The
youngest are currently at age 53. Due to the
massive size of this group, one of the opt to end their days in the sunny
biggest retirement waves in US history has climate of the Sun Belt states rather
already begun and will continue for another than in the bitter winter cold of
decade or two as the baby Boomers some of the northern states.
continue to retire. Retirees also prefer states with low
or no state income tax. Many
Traditionally, retirees prefer warmer Sunbelt states offer this, in addition
climates. It is possible that many retirees will to a sunny climate.
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The Sun Belt states benefit from a variety of