The Prof G Pod with Scott Galloway State of Play: Real Estate Markets and Investing — with Dave Meyer
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Feb 9, 2023 Dave Meyer, VP of Data and Analytics at BiggerPockets, brings his real estate expertise to discuss crucial trends in the housing market. He dives into the implications of population decline and the need for supportive policies for family growth. Meyer examines the critical state of housing affordability, noting historic lows and contrasting dynamics across different markets. Predictions for the future sculpted by economic factors and shifts in luxury real estate reveal fascinating insights for investors. Join him for a well-rounded exploration of today’s real estate landscape.
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The Cost of Kids
- Having children is increasingly expensive, costing over $310,000 to raise a child to age 17.
- This financial burden contributes to declining population trends and the rise of the "dinkwad" lifestyle.
Balancing Cash Flow and Appreciation
- Markets with high appreciation potential often have low cash flow, and vice-versa.
- Look for hybrid markets that offer a balance of both, such as cities in the Southwest.
Promising Markets
- Consider Tampa, Charlotte, and Atlanta for real estate investment due to their diverse economies, population growth, and relative affordability.
- Focus on job growth, wage growth and population growth when assessing markets.
