What on earth are - TopicsExpress

What on earth are Millennials? ovginvest/property-investment-news/what-on-earth-are-millennials/ Are you familiar with the term Millennials? It’s a word used to describe people born between 1980 and 2000. And they are an important age group for property investors. Because they make up the vast majority of first-time home buyers. The good news is, the population of Millennials is growing in Detroit. In fact, since 2000 the number of college-educated residents under 35 has increased by 70.13%. (Source: US Census 2013) From 75,800 to 128,690. That means 18.73% of all Detroit residents are Millennials. And the number continues to rise. Which tells you Detroit’s population is getting younger. Why is this happening? Because young people are moving to Detroit to find work. You see, not only are thousands of jobs being created in the auto industry. But Detroit is now a major player in the technology sector. Don’t believe me? Take a look at a few of the facts… * Metro Detroit now ranks 3rd in the USA for creating new tech jobs * Technology industry employment in Metro Detroit is up 15% on last year – whilst Silicon Valley shows a 4% drop * The technology sector in Detroit added over 30,000 jobs between May 2013 and May 2014 * Detroit now has the highest concentration of tech jobs in the Midwest (242,520) – 2nd only to Silicon Valley (Source: Automation Alley Annual Report – March 2014) Why should this matter to you? Because all these new jobs create demand for housing. And that drives rents and prices higher. It’s certainly good news if you own property in Detroit. But don’t worry if you don’t. Because I can still offer you fully refurbished tenanted properties from only US$ 39,488. And you will earn net rental yields as high as 17.11%. So if you’d like to see what’s on offer in Detroit – just send me a message. Let’s have a quick look at a few that are available right now... ovginvest/property-investment-news/what-on-earth-are-millennials/#woodhall-street

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