Keep reading for the ranges within these five metrics that will help you determine whether or not a city is worth investing in, according to Bawa."Whatever cities you're investing in, make sure that they have population growth," Bawa said on the podcast.
"For those cities, you roughly want a 1% population growth per year," he added. "But if you want a very detailed metric, between the year 2000 and the year 2017, you want there to be 20% growth." In addition to 20% population growth between 2000 and 2017, you want to make sure that the median household income in the city grew by at least 30% in that same time frame.
"A 20% population increase drives a 30% income growth, which drives a 40% growth in home prices," he said.For the most current year, Bawa said, you want to see a crime number of under 500 and declining. Or in other words, the numbers for the previous years should be higher than the numbers for the current year.. You want to make sure that job growth in the city you're investing in is up by around 2%.
Source: News Formal (newsformal.com)
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