My belief
is simple. It isn’t a secret that the traditional family unit is becoming less ubiquitous
in our society. As family sizes decrease, the need for more efficient housing
increases. I believe that the need for apartments will only continue to grow
into the future. I am thinking about a real estate investment in apartment
complexes. The need is for more housing, so investing in it is surely
beneficial. Society needs more efficient housing, that’s my thesis. The need
has always existed, but it is trending further in that direction. There is
currently developers trying to fulfill this need, and society as a whole is
working towards fulfilling that need. I am 70% sure this need exists more than
people realize.
I asked three people about my
thesis. Now since I’m talking about needs that are currently being fulfilled not
to the fullest capacity, people offered their insight. People all agreed with
my statement. Some offered the opinion that maybe some other form of housing
will fill that need better than mere apartment complexes, but couldn’t come up
with an actual alternative. I don’t deny the possibility exists, so there is
built in risk to the investment (like all other investments). The need arises
as people’s living situations change. As people get married, have kids, or
change careers, the need for housing arises. The trend I am discussing is a
need that develops over time and should have an investment horizon of 10 years
or longer. Most agree with the solution and think it’s a solid investment.
Especially considering how profitable investing in apartments has been for the
past decade.
I believe
further research should be done to alternatives that can arise from this trend
of decreasing family units. The original opportunity to invest still exists and
is still warranted. I am relatively unchanged to how strongly my opportunity
will succeed. Entrepreneurs should constantly be adapting to the environment
around them and new relevant information that arises. An entrepreneur who doesn’t
will be unsuccessful in any endeavor they take on.
Hi Mitchell,
ReplyDeleteI do think that people nowadays are more interested in apartments then building or buying a home. I see apartments are being built everywhere. I see it in Gainesville and back home in Jacksonville. My mom says that it's because the younger generation of people also get bored with staying in one area so they don't want a house to tie them down to one place. Also, she said it's a waste of money for apartment renters because all that money they are paying to rent can be used to buy a house.
This is a great business idea in that apartments are on the rise because of population increasing. This is especially true in cities such as Gainesville because of the fact that this is a university city and apartments are in demand for students such as I. I do agree with the first reply in that younger generation do get bored with staying in one area because young generation want to go exploring with friends and finding new things in life rather than stay. This is especially true for children because of the fact that their parents own a house and thus tied down to the house, not saying all parents have houses.
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