The Investment Thread

efil4stnias said
Nationally i think so.

locally ( micro level ) - we just had the river parishes razed by Ida and storm surge- The mass migration north after Katrina is about to happen again from those in the River Parishes. Not on the scale of Katrina but it will happen...many will go more toward Hammond/BR - but there will still be a large contingent moving into St. Tammany area once again. Willing to pay a premium to get out of harms way. Especially if they apply/receive the SBA 1% loans that will be readily available to many of them.

My fear locally, is we will be behind the national curve by 6 months and when it finally does come home to roost, it will be tough for many because that will drag economy , in turn drag down income, and now its two-fold pressure on the homeowner.

It's not just a short term pattern in areas. It's a long term pattern in SE Tx, coastal La and in areas of the Sierras. The constant storms in La and the wildfires in California are pushing people out. That is going to accelerate and spread to other areas along the South and East coasts but it should be a relatively slow paced, very small number type of thing for the next decade or two. Places like Idaho, Utah, Montana are booming as it warms up as well.

I'm actually really liking property in Cheyenne, Wy. It's a city that has seen real estate values decline over a long period, no state income tax and everything just south of it in Colorado is exploding in price. It's likely in the early stages of a long term boom. Those cold winters are only getting warmer.

Boise is another place of interest. Surrouded by mountains and limited available real estate, growing fast with a huge tech sector. It's got the makings of a big boom place as well, particularly if you pick up land cheap south of the City now. I think land in key areas is a good investment long term regardless of the situation with everything else. I really think we are going to see a big migration into those areas over the next two decades.