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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (2345)	7/11/2014 12:58:46 PM
From: tejek	Read Replies (1) \| Respond to 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. Recently, I was reading a foreign travel guide out of the UK or AU, and one of their comments.............there are not many attractive cities in the US that are worth visiting. I think only SF and NYC made their list. Frankly, I believe its too narrow a list.......certainly, Boston, DC, New Orleans, Seattle, Portland, MPLS are attractive, interesting cities, but then most foreigners to whom I speak don't believe American cities measure up particularly with the standard of living in this country. 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? No, I don't think you will see the kind of boom/bust you see in NY, LA and SF in too much of the rest of the country for a number of reasons. However, I do think the list will expand some.......mainly coastal, port of entry cities like Miami. Miami is getting pretty built up and doesn't have much room to expand. What do you think?

To: Riskmgmt who wrote (2345)	7/20/2014 12:28:23 PM
From: John Vosilla	Respond to of 2722

My personal favorites would be San Francisco, Seattle, NYC, Boston, DC and Chicago. As you say many reasons to check out all LA/Hollywood has to offer or go to Disney World and to South Beach if you are coming from overseas but there is no real walkable city to see. But would the European tourists even care as much as we think as they might not place as much emphasis on that as those of us in the states seeking an urban experience to escape boring American suburbia and small town USA?