In the wake of last week’s determinative elections, it’sinteresting to take note of how progressive/conservative votingpatterns match up against the investment prospects of various realestate markets and regions. Election junkies will note that a seaof conservative red covers most of the U.S., especially in theSouth and Midwest with blue bastions concentrating along theNortheast and West Coasts as well as interior urban centers likeChicago, Minneapolis, and Denver.
Take the analysis a step further, and you’ll note that theentrenched top five Emerging Trends investmentmarkets—Washington DC, New York, San Francisco, Seattle andBoston—are solid blue. And among the top ten markets, only Dallasand Houston edge into the red zone.
Now some might argue that the blue leanings of these topinvestment markets, including Los Angeles, should be no surprisesince minorities and liberal types tend to cluster in these places,and these groups overwhelmingly vote Democratic. But these 24-hourgateways also attract outsized numbers of brainpower workers andincreasingly concentrate the country’s most dynamicindustries—software, biosciences, technology, and financialservices as well as leading educational and cultural institutions.They are the nation’s most important entry points for overseascommerce and generate outsized per capita shares of economicactivity. Property values have held up better in these markets andthey are expected to recover faster—and smart real estate investorsconcentrate their bets on these important centers.
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