Real estate investing is a sure thing because they aren’t making any more land, or are they?
Actually, some of your favorite geeks just might be…
A former Google engineer and Paypal founder have launch a new venture being launched this year which plans to construct an offshore man-made nation.
The structure which could eventually become a home to millions is to begin with offices off the coast of San Francisco, in international waters. Just far enough away to avoid weapons restrictions, building codes and be exempt from taxes of course.
Of course you may have to be one of Silicon Valley’s elite to hope to reside here but it certainly takes real estate investing to a whole new level and you have to bow to the innovation.
No need to panic yet. Even if or when this becomes a reality and if the space above our heads or the moon begins to be developed there will be plenty of land locked people who won’t be able to afford to create their own countries and will still need housing here in the good old US of A.
However, this is a powerful lesson in creativity and being prepared to be flexible in your real estate investing strategies. What will future trends like this mean for some of America’s top cities and what could it mean for our economy? Could regulation and the high cost of doing business really push our most valuable assets – entrepreneurial minds and innovative businesses abroad? Where will the best real estate investing opportunities lay then?
Will we need more low income housing? Will there be more migration out of the country’s currently hot and densely populated cities? Will security features, helipads and docking for larger boats become more important for those flipping and selling luxury real estate?