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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2340)7/11/2014 2:08:03 AM
From: Riskmgmt  Read Replies (3) of 2722
 
You've got to remember that in most countries of the world, cities are considered the ultimate prize;


This is very true and properties in the center near historic sites are always in demand in Europe. I am shocked at the number of tourists I see near the Tower of London or along the Thames or in Paris along the Seine these days. Tourism becoming a multibillion dollar business for the capitals of old colonial European countries.
America in contrast has no real comparison. D.C. has many interesting places but most foreign tourists to the USA would probably choose a visit to New York, Los Angeles (Hollywood), San Francisco or even Disney world over D.C. Perhaps this too explains some of the apathy towards big cities in the USA as opposed to some of the other counties.

Anyway, my point was is this trend (rapid appreciation in big cities like NY, LA, SF) going to continue or will the rest of the country catch up?
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