\n<\/p>\n
Wondering where those former boomtowns like Denver and Austin are?<\/p>\n
They\u2019re on the naughty list:<\/p>\n
\u2013 New Orleans, LA: -4.7%<\/p>\n
\u2013 Shreveport, LA: -4.3%<\/p>\n
\u2013 Fairbanks, AK: -3.2%<\/p>\n
\u2013 Austin, TX: -2.6%<\/p>\n
\u2013 Corpus Christi, TX: -2.4%<\/p>\n
\u2013 San Francisco, CA: -2.2%<\/p>\n
\u2013 Denver, CO: -1.3%<\/p>\n
\u2013 Cheyenne, WY: -1.1%<\/p>\n
\u2013 Sacramento, CA: -1.0%<\/p>\n
\u2013 Colorado Springs, CO: -1.0%<\/p>\n
The word \u201ccorrection\u201d comes to mind. Cities that shot up too far, too fast in the pandemic have crashed back down to earth.<\/p>\n
Meanwhile, slow-and-steady cities where home prices are still affordable and tied to local incomes are doing just fine.<\/p>\n
It\u2019s one more reason I feel great about our December investment in the Co-Investing Club: an income-oriented multifamily property in Mansfield, Ohio. It won\u2019t win any awards for sexiness, but it\u2019s projected to pay an income yield over 9% in the first year alone, and only grow from there.<\/p>\n
P.S. We did surpass the $500,000 threshold for that investment, so we got the higher 9% preferred return.<\/p>\n
It sure feels that way when you look at stock prices, gold, home prices, and other assets hovering near record highs.<\/p>\n
Fortunately, we know of at least one asset class that for sure isn\u2019t in a bubble.<\/p>\n
Check out this quick episode of Buck$ Outside the Box we cover:<\/p>\n