Very happy to have just bought a house in Atlanta! It felt like a great place to live in many different ways, but glad to know the metrics back up our decision.
I like markets with geographic constraints to sprawl. Denver has the Rockies to the west and a large wildlife refuge and its airport to the NE. Nearby Boulder is fantastic example of geographic constraints, but already way too expensive. Chattanooga's downtown is very constrained from the Tennessee River, railroads, and I-24.
I think you should revisit Atlanta. I am seeing 50-90 offers like Dallas and Austin. For years, - yes Atlanta has been great but that is starting to change.
Thank you for the insight! I agree that Atlanta’s market is getting frothy. But its muted supply pipeline and relatively modest appreciation lower its downside. Can’t say the same for a place like Austin.
@@ReventureConsulting I agree. I would love for you to revisit Atlanta around this time next year and see where things are. Atlanta prices are up, but for similar homes in Dallas and Austin - they are still about 30-60k cheaper overall.
Great question! I still like all these markets long-term. But some have become super frothy over the last six months. Knock Denver and Huntsville down a peg in short-term.
I would appreicate if you can help me with these two questions 1) s it insane for a single mother to buy a single family house in where I live (San Diego, CA) because the rent I have been paying since last year and coming for the next 3 years is close to $3000 (Note: Due to my son's sensitivity to noise from low quality people, I had to rent a tri story townhome so that he can study, sleep, and live in peace. He is a 10th grade student). It is driving me nuts why I have to pay rent when I can use that money for mortgage. The rent I mentioned above is taking 3/4 of my income ....if not more. I work in this city. 2) Which parts of Georgia Atlanta is the best ... affordable and good quality...specifically?
Thanks for the comment! I would challenge your perception on rent v. owning finances. Mortgage interest, just like rent, is money you won't ever see back. If you're buying at the top of the bubble, it could be a very bad financial decision. I did a video on Atlanta 3-4 months back. Check video history.
@@ReventureConsulting Thank you so much for your reply. I will also look for your Atlanta video. North or South Carolina houses look decent price too. Are they good places to buy a single family house? which one is better? Thank you.
Can you provide a couple cities to invest in where someone could buy a house for ~$275k and rent for $2k/month? I'm not sure if Denver or Huntsville are still on your list but housing has gotten crazy expensive in Denver. Does your criteria take into account property taxes? High property taxes can be problematic for CoC, and property taxes never go down, only up. Another follow up question - How should someone analyze the neighborhoods in these cities to find the right area, and what tools do you recommend? Denver and Atlanta for instance are HUGE.
I live and own a house in Chattanooga, TN. We sadly had a large EF3 tornado in April of 2020 (My house had severe damages, but I'm very lucky compared to my neighbors, who lost everything!) and it's in a very desirable area of town called East Brainerd. I believe 150 homes were destroyed creating a short supply with a very high demand even though it still looks like a war zone. The homes in this area are selling within hours its incredible! I've never seen anything like this, Chattanooga truly is booming. I'm moving to Nashville later on this year and I wish to keep my house in Chattanooga but my HOA won't allow me to rent out my house so I plan on selling my current house and using the gains to invest in another area of Chattanooga and also buy in Nashville. Wish me luck!
Thank you for that insight Gabriel! I'm sorry about what happened to your home with the Tornado. However, it's great to hear some on the ground confirmation about Chattanooga's growth. I'd love to know: are there any particular industries or businesses that are leading the growth charge in Chattanooga?
@@ReventureConsulting Thank you! One good thing from the tornado is getting to remodel my house for free having insurance cover everything, and East Brainerd is looking more modern from all the rebuilding. I believe the growth in Chattanooga has to do with it being a low cost but active beautiful city with amazing internet. It was recently voted best "work from home cities." So overall tech, affordable, and new work from home lifestyle, has been contributed to Chattanooga's fast growth.
Love the analysis, however, Atlanta is prone to tornado's, and they seem to be more frequent in North Georgia, otherwise would definitely invest there, although every area has some cons. Natural disasters would be useful to add to the analysis overall!
@@ReventureConsulting Nice. How did you make this chart and where did you get the information? I live in Tallahassee and am currently investing in FL. I may start looking in Atlanta because of your video.
Thanks for the comment Vitaly! I am a fan of Colorado Springs. It represents an affordable alternative to Boulder/Denver, which are looking increasingly like California in their rates of appreciation and restrictions on new development. Colorado Springs probably stands to benefit from that from those looking for affordability. With that said, values have gone up by quite a bit in Colorado Springs this cycle. Be prepared for a dip of some sort in the near term.
Thanks for the comment Sunny! I'm not a big fan of San Antonio. It has mediocre growth combined with a fairly high permitting pipeline. It also has one of the worst appreciation rates in the country in 2020. Texas in general has struggled lately due to all the new supply it delivers each year.
Thanks for the comment Tracy! Sacramento is an interesting market. On one hand, it has a volatile past (huge value declines in late 00s crash) and is relatively expensive today with an average home price of $475k. But it also has some strong economic and demographic fundamentals with limited new supply. I probably wouldn't buy at current prices. But I like the market in the long-run.
I am confused. You have Denver in the top 5 cities to invest because of job growth. However, how do you square that with your most recent. video re the potential crash where you discussed V/E ratio and Rental yield?
Do you think information you are using is not accurate anymore because of remote working. Californians are moving to other states but their jobs are still physically in California. Boisie, Idaho is good example. Loacal people are getting priced out by remote workers.
According to 2020 migration estimates cities like Boise had a modest bump in inbound migration in 2020, but nothing crazy. So WFH/Remote could be impacting things marginally.
Great question! Dallas and Raleigh are two other cities that have great Value / Growth combos. The advantage that Atlanta has over them is that there's less new construction.
I think it is interesting you did deep dives into Columbus and Nashville but Cincinnati and Chattanooga are the ones that showed up on your list. What is better about Cincinnati vs Columbus, and Chattanooga vs Nashville?
That's a great question! It comes down to supply competition. Columbus is a more "discovered" market than Cincinnati, meaning that there are more institutional builders and multifamily developers constructing new supply. The same goes for Nashville v. Chattanooga.
Thanks for the comment! Omaha is what I call a “slow and steady” market. It didn’t have any real dip in the last crash but has had mediocre appreciation since then. Don’t expect huge gains, but it’s fairly secure.
I won’t invest in democrat controlled cities because of their taxes and crushing regulations (rent controls, rent moratoriums, etc). Chattanooga is very conservative so it is of interest to me.
