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ben said:
You’re begging the question — is there any data that supports your point, or are you just saying that you personally are less interested in investing in real estate in those cities?
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I have posted numerous article on the topic already. But lets make it simple and assume I have money to invest in a real estate project/widget factory. My choices are to invest in say San Fran/Portland/Chicago/Seattle, etc. or South Florida/Texas. In my decision process I consider:

Where is the permitting process easier? Florida
Where is there less ESG bull**** and regulations? Florida
Where are labor costs more reasonable? Florida
What area is growing in population, i.e. demand? Florida
Which has lower income taxes? Florida
Which has lower sales taxes? Florida
Where is the crime rate lower? Florida

I could go on, but those are a few of the reasons that blue cities are hemorrhaging upper end taxpayers and big companies. Chicago alone has lost multiple major companies in the last couple of years. Tyson Foods, Boeing, Citadel, Caterpillar and others.
 
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SpikeUM said:
I have posted numerous article on the topic already. But lets make it simple and assume I have money to invest in a real estate project/widget factory. My choices are to invest in say San Fran/Portland/Chicago/Seattle, etc. or South Florida/Texas. In my decision process I consider:

Where is the permitting process easier? Florida
Where is there less ESG bull**** and regulations? Florida
Where are labor costs more reasonable? Florida
What area is growing in population, i.e. demand? Florida
Which has lower income taxes? Florida
Which has lower sales taxes? Florida
Where is the crime rate lower? Florida

I could go on, but those are a few of the reasons that blue cities are hemorrhaging upper end taxpayers and big companies. Chicago alone has lost multiple major companies in the last couple of years. Tyson Foods, Boeing, Citadel, Caterpillar and others.
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Florida’s economy has been built on your points, literally for more than 100 years. And Chicago’s GDP has grown every year, save for the 2020 pandemic year that hurt EVERY city’s economy — despite those companies leaving.

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SpikeUM said:
Go ahead and put your money where your mouth is, invest in Chicago, or San Fran or the other blue cities. Go ahead .
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I am — I left Miami for Schaumburg four years ago to start our family. I love it. When I visit Miami it makes me sad because Miami sucks in my opinion compared to what it was even 10 years ago.
 
ben said:
I am — I left Miami for Schaumburg four years ago to start our family. I love it. When I visit Miami it makes me sad because Miami sucks in my opinion compared to what it was even 10 years ago.
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Thats not Chicago proper, its a small relatively wealthy suburb, with its own police and government. You also made a personal decision, from an investment perspective, the megatrend is into the sunbelt states, and that is where the most money has and will be made.
 
SpikeUM said:
Thats not Chicago proper, its a small relatively wealthy suburb, with its own police and government. You also made a personal decision, from an investment perspective, the megatrend is into the sunbelt states, and that is where the most money has and will be made.
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But when you talk Miami investment are you talking about Liberty city or are you talking about gables, pinecrest, grove, biscayne, Brickell, etc? When I talk chicago I most definitely include the suburbs.
 
ben said:
But when you talk Miami investment are you talking about Liberty city or are you talking about gables, pinecrest, grove, biscayne, Brickell, etc? When I talk chicago I most definitely include the suburbs.
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Fair point, most of my Florida real estate investments have been on the west coast, from Naples to Sarasota (best markets for MF and storage). My Miami focus has been on warehouses and smaller mom and pop rentals.

And back to my original point, all of the reasons to INVEST in the Sunbelt vs. blue cities are still valid.
 
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SpikeUM said:
Fair point, most of my Florida real estate investments have been on the west coast, from Naples to Sarasota (best markets for MF and storage). My Miami focus has been on warehouses and smaller mom and pop rentals.

And back to my original point, all of the reasons to INVEST in the Sunbelt vs. blue cities are still valid.
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Seems the housing market in Port Charlotte and Englewood area are still pretty level. Prices are coming down a bit still… but like we both said… we’ll above the Covid boom
 
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Video shows man brutally beaten by a mob of bicyclists in LA

Horrific video shows the moment a mob of bicyclists attacked and brutally beat a man in broad daylight in downtown Los Angeles.
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ithacane said:
Seems the housing market in Port Charlotte and Englewood area are still pretty level. Prices are coming down a bit still… but like we both said… we’ll above the Covid boom
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I am not as informed on SFH, but as best as I can tell, the rate of increase in prices has slowed dramatically, but prices have stayed relatively strong.
 
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