If buying now, where do you see the highest ROI in 3 - 5 years?

Asked by Nathan Cox, High Growth, U.S.A. Thu Aug 9, 2007

Where will the "hotspots" / hot areas be in the next few years?

Where is the job growth in Boise? Will it be strong? What sectors drive the local economy?

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Jim Paulson, Agent, Boise, ID
Wed Jun 16, 2010
I had to look back at this question to see how accurate the responses were. Unfortunately, there were only two responses! One was from California and the other company doesn't appear to be in business any more.

The correct answer back then and still it today is "it depends"! You first have to define what your expectations are of ROI! Is it cash on cash, leveraged, pre or post tax, etc.

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Brandie, , San Francisco Bay Area
Sun Sep 23, 2007
There are a number of markets that have the unique fundaments to predict strong ROI. However, they are not local to Boise, so if you are planning to invest you may want to look to other markets. We recommend Austin, Atlanta, Albuquerque , Portland and Raleigh - all of which have large, industry-diverse employers which are not dependant upon or tied to one another.

There are a number of factors to be considered to determine the future economic viability of a market, including:
• The natural path of growth within the metro
• The presence of large, sound, industry-diverse corporations
• Future plans for additional corporate entities
• Availability of State and Local government jobs
• The presence of cultural activities – music, art and nightlife
• Leisure interest and recreational activities, such as golf, hiking and athletics
• The development of retail outlets and restaurants
• The quality of local school systems

While employment drives population growth, it’s the intangibles that keep people in a particular neighborhood. So, in addition to market economics, the intangibles that make a community a highly-desirable place to live for a variety of demographic groups must be taken into consideration.

It takes a signifcant amount of time to research markets to recognize areas where real estate outperforms national and local averages so you invest ahead of the growth cycle, rather than follow it.

Hope that helps.
0 votes
Heinrich Wie…, Agent, Boise, ID
Wed Aug 15, 2007
Speaking Boise specific...Harris Ranch and SE Boise. There is a new bridge going in that will allow anticipated development to proceed. Job growth will be service, outdoor recreation and equipment co's and tech. The growth level in the tech sector is dependent on Micron employees. As Micron lets'em go, will these ex-employees have the innovative powers to create the next big idea? Time will tell. Analysis of our local market can be explored at http://www.geniusrealtyblog.com/category/market-conditions/
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