By now you know I like this area; and I am opening myself to new and innovative approaches to investing. Diversification is the key to spreading risk and I believe that. As I am an investor in gold and silver; I still work at a job though...
My job is as a mental and medical health counselor. In Florida we do not have a shortage of elderly just a shortage of healthcare facilities which is commercial real estate. My aha moment!!!
So I work with this population group. However, I have background in research and I have always held a high regard for psychographics and demographics... call it legal profiling...and rightly so.
I am now considering investing hard money into tangible assets that indirectly are targeted for seniors which is a real problem...with a real solution... since as real estate investment patterned after mutual funds REITS are attractive as income producing capital for long-term growth. I will be one of them (60 years and counting...but not to fast and not too loud, LOL)
So my renewed interest is not only practical,.. I live in Florida and work with the elderly, but the shortage of healthcare facilities for this group constitutes a demand.
Father Sarducci from Saturday Night Life fame said it best with his Italian accent "all you really need to know about business is 'supply and demand' and to think I invested good money to get an education to earn my MBA. I would like to think (and grow rich) that that translates as Major Bank Account (heard that at a Guru Seminar on options LOL.
I am looking at different strategies and REITS maybe one area for long-term growth. All I know is that it is still passive income...and I like that. I am open to any feedback and why I should NOT pursue this or Why I should pursue this specialization ... and why it has been around since its inception in 1960 enacted y congress...but know one seems talk about! Here I went straight to the horses mouth...the government
HIGH DEMAND
The rate at which American Seniors are retiring is truly staggering. The number of Americans 65 and older will increase from 47.8 million in 2015 to 79.2 million by 2035, due to the emergence of Baby Boomers into the age of retirement. Such a vast increase only creates a greater demand for Senior Living Facilities. Is there finanical growth here?
LOW SUPPLY
As the elderly population grows, the rate of senior housing new construction is not keeping pace. Units under construction began a significant decline in 2008 and continued to fall through 2011 with only modest growth through 2014. When these two dynamics are married, the need that is left unaddressed is the growing market for newer and better facilities/communities tailored to emerging retirees.
Now that tells me something about supply and demand...
I remember reading the book "Acres of Diamonds" but rather than talk about this pearl of wisdom here is the url for everyone to read (at their leisure) -- Lord knows we do enough reading on real estate alone...