The Great Wealth Migration: How To Benefit From It
Bloomberg has just mapped out a recent $100B shift in wealth in the US. Where is the money leaving and going to? How can you make sure you are a beneficiary rather than a loser in this transition?
Wealth Is On The Move
According to a new map from Bloomberg News, $100B in wealth has already shifted. Mostly to the south. Much of it out of California, and the Northeast, and even mid-east coast.
Some has gone to parts of central Texas. Though Arizona has been a significant recipient too. With Florida appearing to be the biggest winner. Though, with wealth actually leaving the Miami and South Florida or Orlando areas in favor of more northern parts of the state.
More Wealth Migration Is Coming
There are many factors which are highly likely to keep on moving wealth.
This includes continuing to compound the reasons people and businesses are fleeing, with higher taxes, and unfriendly environments for businesses.
More Fed interest rate hikes are expected this year, which will compound inflation and force more to move out of lack of affordability.
Predictions that inflation will fall by 2% by 2024 are likely just playing smoke and mirrors with the data. Even if it comes down 2%, but real inflation has risen by 30% or more recently, that isn’t near enough of a cut to make a difference for most consumers, workers, and property owners.
The Real Wealth Shift To Care About
The real wealth migration that should be on our minds is that between individuals and corporations, or other entities.
We are probably about to see one of the most significant of these shifts in our lifetimes. The richer are getting much richer, much faster. The middle class and below are going to be bled dry fast.
As a real estate investor you want to make sure you are on the receiving end of this wealth. There are several ways to position for this.
Which includes operating in the states and areas where the money is moving to. When the money moves it, that means big bumps in house prices, local spending, rents, and more. You can target the movers themselves too. Helping them from where they are trying to move out of.
You can invest ahead of this to find the deals, and wholesale them for more.
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