from Kerry Lutz's Financial Survival Network
Famed real estate investor Ken Van Liew joins us for an inquiry into the continued viability of New York City. It’s no secret commercial RE markets are getting clobbered. Retail is being hammered as well. There’s been a complete exodus from the New York State. It’s a work in progress. Properties have been devalued. Rent is $1 billion in arrears. Do you buy Florida swampland or a money pit off of Central Park? Markets outside the Metro area are booming. CT projects, NJ projects, affordable housing and mixed use, Ken is seeing great demand and there’s no inventory. Money is fleeing NYC. Almost every rental market outside urban areas is booming. Less commutation equals more single family rentals. In these times, Ken believes that his real estate investing formula still works better than ever. You just need to concentrate in the markets that are benefiting from the flight out of urban America.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3sEeN66
