"Americans don't buy houses" and "The world's landlords are all Chinese!" ... If you still hold these views, you are very wrong! The millennial generation in the United States is not thinking the way their predecessors did. They are much more aware of home ownership and, more importantly, the importance of preserving property value.
Figure: The future growth trend of the population of the United States in different decades
According to the latest survey data. For American "millennials" (post-80s and post-90s), owning a home is a part of their personal ideal living. More than 80% of "millennials" believe that owning a house is actually more cost-effective than renting a house, and many young people are very interested in owning a house. From the change of home buying concept, it can be predicted that "millennials" are becoming a strong purchasing power and continuous driving force in the US real estate market, and the opportunity for US real estate appreciation and preservation is bound to increase further.
Millennials join the homebuying bandwagon
As the economy picks up and credit standards loosen, millennials are starting to buy homes, further boosting the local housing market. According to statistics, the total population of the United States is about 330 million, of which more than 85 million millennials make up 34% of the adult population. This large group of people are entering the stage of marriage and having children, starting to prepare for the house purchase, in fact, has produced a huge demand for housing. In particular, this group accounts for 68% of first-time home buyers.
Realtor.com expects the U.S. real estate market to be dominated by two groups of buyers in 2017: Millennials and baby boomers, who make up 33% and 30% of buyers, respectively, and will drive demand over the next decade.
Cities millennials are paying close attention to
Millennials will be the largest group of buyers in the U.S. real estate market in the coming years, but they don't just pick a city. Stable employment, high income and low cost of living, livability and quality education, and good urban development prospects are all important factors that attract millennials to live. Houston, Orlando and Los Angeles topped the list for their strong economies and job growth in 100 metropolitan statistical areas analyzed and ranked the best housing markets for millennials.
The best city in America to invest in -- Houston
Texas has the second largest economy in the country, behind California. Texas is rich in resources, especially crude oil. It produces 35% of America's oil and is home to 19 of the country's 20 largest oil majors. Its Fortune 500 headquarters is second only to New York City. Houston is the largest city in Texas, the largest economic center on the Gulf Coast, and the fourth largest city in the United States. With the fastest job growth in the US and no state income tax, Houston has the largest net inflow of people in the US, which has pushed up property prices and rents in Houston, which have been growing rapidly in recent years.
Houston's housing price trend in the last decade
Houston - Golden Oaks luxury Villa Community
Product: Detached villa
Apartment type: 3-4 rooms
Floor area: from 300 square meters
Set area: 200 square meters
Price: From $350,000
Decoration standard: fine decoration
The neighborhood is predominantly white and highly educated, with 85 percent of adults in the area having at least a bachelor's degree. In 2014, Harris County, where the community is located, has been listed as one of the top 10 richest towns in the United States. The median income per capita is as high as $59,900, far higher than that of Houston residents. It can be called "rich area".
Orlando
Orlando is a new city. Since the 1970s, Orlando has made great efforts to develop high-tech industry and tourism. It has not only the world's largest seven theme parks such as Disneyland, Universal Studios and SeaWorld, but also the regional headquarters of more than 150 multinational companies from 20 countries. The Orlando area has attracted a $13.4 billion technology industry and 53,000 high-tech jobs. Orlando offers great housing value compared to other metropolitan areas in the U.S. You can get an apartment for around $100,000. In 2016, Orlando ranked in the top three of Forbes' "America's best cities to invest in," with an appreciation rate of 28% over the next three years.
Orlando - Disney Lake View Condos
Product: Hotel apartment
Apartment type: 1-2 rooms
Area: 46-92 square meters
Price: Starting at $96,000
Disney Lakeview Apartments is located in a fully functional community with shopping, entertainment and dining close at hand. From East Asia, South Asia to Europe, South America and other countries to satisfy a variety of taste buds. Located in the best vacation rental area in the United States, it integrates accommodation, dining, retail, arts, entertainment and leisure. There are more than 1,000 rental properties booked in this area throughout the year. Disney Lakeview Apartments lease for 4 years with 6% net rental return per year, reducing investment risk, and 30 days of self-occupancy per year to meet the vacation needs of investors' family and friends.
Los Angeles
Los Angeles is one of the most desirable American cities for the global Chinese to live in. Los Angeles has a pleasant climate all year round. The city is located in southern California on the west Coast of the United States. Ranked by population, the city of Los Angeles has a population of 3,834,340, making it the largest city in California and the second largest city in the United States, after New York. The Los Angeles metropolitan area has a population of 2,95,100 and the greater Los Angeles area has an estimated population of 17,776 million. Los Angeles is one of the world's centers of culture, science, technology, international trade and higher education. It is also home to world-renowned institutions in various professional and cultural fields.
According to the statistics of the World Bank in 2015, California's GDP accounted for 13.79% of the US, reaching $2.5 trillion, the highest in the US. Palm Springs is an oasis city located about 100 miles east of Los Angeles in the Colorado desert. Thanks to its tourism advantages and California's fast growing economy, Palm Springs has become the first choice for investment and real estate.
California, USA - Palm Springs Hotel Project
Product: Serviced apartment
Investment type: sale and leaseback, buyback
Price: From $500,000 (with immigrant visa advantage)
Located in Coachella, Los Angeles, Palm Springs has acquired 20 acres and 27 acres of land next to the Eagle Springs Golf Course, and plans to acquire 90 acres this year to create 295 high-end serviced health care communities. With 550,000 square meters of land in the Coachella area, the project will create one of the most attractive entertainment, medical, hotel and retirement real estate complexes in pan-Los Angeles.
The third phase of the Palm Springs Hotel Project, the United States immigration investment, please consult the International Land 400-606-5355
