E429 - The New Definition of Core Market

<p><span style="font-weight: 400;">For over a century, the big coastal cities have been considered the safest places to invest in real estate, which has kept some investors from migrating down south with the rest of the pack.</span></p> <p><span style="font-weight: 400;">However, with work-from-anywhere becoming a permanent trend, people who were once confined to living in major cities for work can move their lives to some of the smaller and warmer cities, or even to secluded tertiary markets. </span></p> <p><span style="font-weight: 400;">In addition, the policy risk posed by some of the lawmakers in the formerly core cities has made investing in their cities far less safe, which is why today’s guest considers markets like Atlanta, Dallas, and Denver to be the new core. </span></p> <p><a href= "https://asymcapital.com/podcast-post/e429-the-new-definition-of-core-market/"> <span style="font-weight: 400;"><<<Click Here>>></span></a></p> <p><span style="font-weight: 400;">Today’s guest, Jay Parsons, is the Head of Economics and Industry Principals at RealPage, Inc., a company that analyzes rental markets and provides investors/operators with powerful data in the form of SaaS. Jay is an expert on macroeconomic trends in the housing markets who provides an incredible amount of valuable data on all his social media accounts and in today’s interview!</span></p> <p><span style="font-weight: 400;">In this episode, we discuss…</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How interest rates and rental growth will change deal underwriting in the near term.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why rent control and the weaponization of environmental controls are huge threats to the viability of real estate investments. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The effects of inflation and other megatrends on the risk profiles of various markets.</span></li> <li style="font-weig