For upwards of a couple years now I’ve been singing the praises of the Texas market for investment properties — specifically smallish residential income. Here’s a short (7 minutes) video that’s well worth the time. Some of the facts will raise an eyebrow, some will surprise, but in the end, you’ll see what I’ve been talking about here all this time.
Growth is the name of the game, capital growth especially, as it relates to investing in real estate for your retirement. The #1 factor in any region’s economic growth is always about jobs — now and in the foreseeable future. Job growth generates population growth which then becomes a dynamic formula for long term success.
I encourage San Diego income property owners to pay close attention. While watching, mentally compare our investment/business atmosphere to those of Texas. Then ask yourself why you’re not already in the process of moving your equity there.
When you’ve finished watching and pondering, give me a call at 619 889-7100. We’ll figure out if your situation merits a move at this time. Have a good one.
Related posts:
- San Diego Real Estate Investors — Some Reasons to Invest Out of State — Try Texas
- Durango, San Diego, Texas, KC — Random Thoughts On Real Estate Investing
- Real Estate Investors Movin’ Capital From California To Texas
- Retirement Date More Than 5 Years Off? — STOP Your Love Affair With Cash Flow
- Oh How I Love The Smell Of Being Right In The Morning
About BawldGuy
Nice Chamber of Commerce puff piece, but he lost me when he said the weather was great. Hot and humid in the summer, and the biggest bugs you will see outside a tropical jungle.
However, I had no idea that 24,000,000 folks were living there. My head is buried in the California sand!
AI — I think calling it a’nice Chamber of Commerce puff piece’ is not only a tad harsh, but factually incorrect. Puffing implies exaggeration. I’ve seen the same numbers everywhere I’ve searched, including the Economist in England. Yeah, they’re ‘selling’ Texas, but they have and can deliver everything they claimed.
24 million folks IS a lot, isn’t it? And to think they’re adding 1,000 people daily! Whew! That’s what steady real estate growth is founded upon — job and population growth. As the Economist said last month, Texas is the new California.
I dunno, but the description of the weather as “great” seems like a bit of puffery to me. Maybe if you are in Northern Minnesota in January, Texas looks pretty darned good. Based on your daily San Diego weather reports on Twitter, I don’t think you will be giving up San Diego for the Texasplex anytime soon, though.
Folks are voting with their feet, that’s for sure. The population growth rate is astounding, and is something to make you sit up and pay attention. Worth a trip down there to sniff the dirt.
Everything is relative, and nothing more than the weather. Would I trade SD weather for Texas? Are you kiddin’?!
However, the bulk of the country has weather, IMHO, slightly or significantly inferior to Texas. The empirical evidence is as you so correctly point out — the amazing number of families around the country voting with their feet — and their capital.
What you’ll discover ‘sniffin’ the dirt’ will only underline what I’ve been saying here all along.
Texas is great. Texas has no reason to feel “second class” in any category. That said Texas does not have a competitive position in either education, or climate. Claiming otherwise is just hokum.
Again, it’s all relative. For example, would you rather live in Ohio or Michigan with their weather? As far as ‘competitive position’ in education, I don’t know what that means. I do know UT ain’t exactly leftovers when it comes to education elsewhere. Are they offering the same thing as Stanford? Arguably not, but I dare say degrees from many Texas universities and colleges will stand up just fine to the vast majority of the ‘competition’ out there when vying in the job market.
Jeff,
I know we all enter dangerous waters with relative valuations of educational experience but the Rutgers to UMaine Orono axis on the east coast and UC to Oregon necklace on the west don’t even bother to sneer at the DFW/Austin institutions academically and football doesn’t count.
Oh sure, take football out of it.
BawldGuy,
Shhhhhhh……..
Please keep quiet about Texas. I would echo the comments of some of the others about how horrid the weather is, the substandard higher education, not to mention the dearth of cultural amenities and the dreadful accents (“yawl”). It’s really terrible (especially Houston and San Antonio) and I would encourage outsiders to stay away, while we Texas real estate investors load up on SF homes for 50-60 cents on the dollar, chock full of equity and cash flowing like a Fed printing press.
shhhhhhhhhh…………..
(tongue firmly in cheek)….
PS – As far as exceptional educational institutions, how’s Harvard’s balance sheet looking these days?
A proud UH alum. (Go Coogs!)
Mike — Thanks for the smile now plastered on my face.