OfflineCan anyone recommend sources for researching emerging markets both in the US and globally? I am interested primarily in the migration, job growth and development factors. I want to be able to quickly and accurately identify areas which are showing the most strength & rapid growth. Also, sources which identify areas where local governments are taking large strides to provide benefits which attract future business is a plus.
I know Dean recommended one source in his book BAREM as contacting moving companies. This is good advice but seems a bit time consuming & reliant on the competence of who you are talking to. Plus, the more sources I have to confirm my research, the better. I prefer using websites when doing this research, provided their information is kept current and up-to-date, but any source recommendations are appreciated.
I know a good site for the US is www.census.gov but again, it seems a bit time consuming trying to find and interpret the data and, it still is only one source. I think this site will be better suited for drilling down to the micro once I have quickly found the general macro areas.
Thanks
Lenny
The empty wagon rattles the loudest.
Thank you for your answer hofster. I have since done some research myself and have come to the conclusion that what I am looking for does not exsist, at least free anyway. To clarify, I wanted a one-stop-shop website which could graphically represent new high growth areas with respect to my criteria listed above and primarily for the US but ideally for global research as well. For example, a world or US map with areas experiencing new rapid growth in jobs and migration highlighted in green, average growth in yellow, negative growth in red, and so on. Once these areas where found in this way I could then drill deeper and research the reasons for the rapid expansion in those areas, along with negative factors which may disqualify or support that region as a possible rental property investment area.
I should have also said that the support of local governments to attract business factor was meant primarily for the US but, it could also apply globally in some cases.
The empty wagon rattles the loudest.
That is a very good question. In fact, this should be the first step on any property investment process BEFORE looking at the property. This way, we can avoid wasting time on a deadend property and focus on the ones with most promise.
Carl
Thanks for your post Carl. I agree this is a crutial 1st step and, streamlinig the process is equally important; time is, after all, money. Apparantly, this level of convinience does not exsist yet.
Good luck with your strategies Carl and thanks again for posting.
Lenny
The empty wagon rattles the loudest.