参考動画 Break Into CRE How To Build a Real Estate Investment Thesis // “If you had $100 million to invest in real estate, where would you invest it?”
Thinking about real estate investment in the coastal city and non-coastal city of America
Coastal cities like Sanfrancisco, Losangeles, and Newyork have traditionally been highly regulated markets creating supply constraints and upward pressure rents and values as a result. Non-coastal cities like Dallas, Lasvegas and Phoenix have much less regulated and have a higher probability of being overbuilt towards the end of a real estate cycle leadin to supply outpacing demand and prices weaking as a result.
The bottom line here is that a strong investment thesis usually involves investments in markets where demand is increasing and supply is either growing more slowly or static and things like positive net migration and supply constraints in the market make this a much more likely scenario.