Where would you like to live and work? Survey says...
California Ranks as the #1 Place to Live
Outsiders still consider California the place to live. This is good news for the outlook of the California economy – no less for apartment owners and retail establishments. California is still considered the Golden State according to a new Harris Poll recently conducted. California ranked #1 for the sixth year in row, while Florida and Hawaii ranked #2 and #3, respectively.
Echo Boomers – The Prime Renter Category Favors California
For apartment owners and investors the poll revealed an interesting statistic.The favored status was most prevalent among the echo boomers (ages 18-32),which is the group that rents more than any other group. Baby Boomers (ages46-63) was the next highest group to favor California. Weather is cited as the numberone reason for the attraction. These groups tend to live more active lifestylesand this played a significant role in their decision making.
Sun Belt States is Where People Want to Live and Work
Of the cities and states listed high on the list, the top four statesmentioned are all in the Sun Belt. The top city, interestingly not a warmweather Sun Belt area, was New York City, followedby Denver. San Francisco ranked 3rd , while San Diego was 4th and Seattle 5th . Los Angeles was 15th of the citythat most people either wanted to work or live.
Contact me if you would like to invest in apartments or retail investment properties in the southern California counties of San Diego, Los Angeles, Inland Empire (Riverside and San Bernardino) and Orange County.
By Michael Duhs, Managing Broker of East West Commercial at (949)939-8352, specializes in apartments and senior housing for sale, in the counties of Los Angeles, OrangeCounty, San Diego,Riverside and San Bernardino. East West Commercial is seeing its Commercial REO and Apartment REO business increase in southern California. Contact http://www.EastWestCommercial.com, http://www.CommercialREOs.tv (Commercial REO’s), or http://www.REOapartments.tv (REO Apartments) for your source for commercial properties for sale or coming to market.
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