Jan 21, 2021
This episode is meant for all the real estate
investors who wish to understand the key demographic trends that
drive growth in the markets and those who want to make informed
real estate investing decisions.
In this episode, Jake and Gino enter a free-wheeling discussion
with the doctor of demography – none other than Chris Porter, the
co-author of “Big Shifts Ahead: Demographic Clarity For
Here are some of the key takeaways:
- A multifamily investor must understand the demographic trends
in the market he or she wants to operate in. Be it government
policies, economic and business environment, jobs scenario,
migration, immigration and so on.
- Demographics determine the degree of your multifamily investing
success. Demographic trends can be overwhelming, misleading,
confusing, conflicting, and difficult to predict. Not anymore.
- The biggest demographic shifts since the baby boom continue to
create opportunities and present challenges. America has more
people in their early 20s and early 60s than ever before.
- In a post-Covid world, it is more rational to look at the
current trends instead of predictions as it is quite uncertain how
the future shapes up.
- The multifamily real estate market is witnessing an uptick in
housing prices in certain locations, the demand is getting stronger
and the supply is quite limited.
- This includes the South and the South-East parts of the US that
are going to witness growth, due to business-friendly environment
and the jobs being created in the region.
- The heavy reliance on migration and immigration in the past
decades is going to be affected somehow in the coming years. In a
knowledge economy, people can work from anywhere and this may
encourage people to move towards more cost-efficient
- While migration within the country may increase, immigration
from the other countries may be low. This would impact the home
buying and renting activities.
Listen to the Podcast to learn more.
Excerpts from the ‘Big Shifts Ahead’:
Four Big Influencers
Four Big Influencers explain why those born in different decades
behave so differently, and help explain the big shifts ahead:
- New technologies
- Changing government Policies
- Economic growth
- Shifts in societal acceptability
Seven Biggest Opportunities
Burns and Porter devote a chapter to each of the seven biggest
opportunities, forecast the future of each, and provide a framework
to shift strategy when unexpected changes occur.
- Working women
- Affluent immigrants
- Workaholic retirees
- Delayed young adults
- The Sharing economy
- Southern growth
- Urban life moving to the suburbs
Big Shifts Ahead: Demographic Clarity For Business: https://amz.run/4DrO
How well do you understand Demographic Trends? Find out for