Well, well, well… what an interesting year 2013 is shaping up to be!
The U.S. is still, at least according to the U.S., the world’s largest economy. Super!
Of course, U.S. gross national production includes the value of goods and services Americans produce regardless of their location – even overseas! But where do those employees live, rent homes, and spend money with local businesses (who rent homes and office space locally)?
Real estate investors typically care where the people are because people and their income is what gives real estate its value. After all, there’s lots of land on the moon, but it isn’t worth much because there aren’t any people there… at least not yet!