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Updated almost 7 years ago on . Most recent reply

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Surban™ – It’s Not Urban or Suburban

Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Posted

https://www.coachcarson.com/big-shifts-ahead/

Above is a good article and book review from Chad Carson, a BP blogger, on demographic shifts.  I lived the Surban lifestyle and most of my investing has been in a Surban market.  It's an excellent lifestyle...lots to do but it's convenient and still affordable.  Not having professional sports is a drawback but that does not matter to many people and the trade offs are worth it for me.

Feel free to reply with any feedback or thoughts on the article, demographic trends, and whether or not they have influenced your investing.

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Mario Brown
  • Investor
  • Greenville, SC
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Mario Brown
  • Investor
  • Greenville, SC
Replied

Very Interesting, thanks for sharing @Mike Dymski

1) I would identify the Laurens road corridor with Parkins Mill, Gower & now Nicholtown, as a great example of an established Surban™ area here in Greenville, SC. West Greenville, Poinsett Highway (Sans Souci /TR)  are likely to capture a large part of growth in coming years as schools improve. 

2) One thing not referenced is the impact Southern migration has on home values. Outside of supply /demand drivers it seems buyers are willing to pay a much higher price for homes when coming from more expensive ( home prices & taxes) northern states.  This drives values up/  adds another obstacle for what would be millennial home buyers, which strengthens the home renting norm. 

My two cents. Open to feedback.

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