Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Jamey Mako
  • San Francisco, CA
0
Votes |
7
Posts

What will happen in blue collar areas when jobs go away?

Jamey Mako
  • San Francisco, CA
Posted

A large share of blue collar jobs are going to disappear and I think there is no denying that. Some will stay, but the repetitive jobs (transportation, manufacturing, etc.) will all eventually be automated. You can even see it happening today: McDonald CEO stated that machines will eventually replace fast food workers. Uber is already replacing drivers with automated taxis. Amazon just launched its first drone delivery and plans on creating grocery stores without checkout lines.

So my question is, for those that invest in blue collar neighborhoods, does this concern you at all? Returns are good now, but what about in 10-20 years when these technologies truly start maturing and revolutionizing the labor force? I am looking to place my cash in real estate, but I am wondering if it is better to invest in higher end properties for the long run.

Loading replies...