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And -- case Shiller twenty city index of home prices rising at the fact fifth annual rate.
In seven years with West Coast cities lead the charge home prices rising more than twice percent from a year ago in Phoenix San Francisco Las Vegas.
Alone America CEO Greg ran has designed to other cities -- look into investing right now though thanks for being with us Greg -- and what to cities are -- I like Chicago.
Right Chicago was one of the all the major like really big cities big population cities where.
And that message economy Chicago Lan -- where the single family -- business so suburban Chicago land.
You can buy signal coming home and in my school district rented out for five or 6% yields just on the rents monitor expenses.
And that's the only place you can do that you can't we do that a Boston DC -- New York -- the East Coast cities and it's kind of rare also -- -- Cisco.
San Diego LA so from the standpoint if you want to play big US metro.
Chicago's -- you do that -- nine point 3% unemployment rate for Chicago higher than the national average in the -- paring all this bad publicity about shootings how -- those two reasons aren't enough to make it not like Chicago suburban Chicago.
The -- is also from nervous about Chicago nervous about the fact that like new York and California they don't have their arms are on the financial problems.
And so there's going to be some kind of reckoning coming down the road.
But -- -- national portfolios for single fairly -- okay.
And the way to do that is to balance it out so you don't want to.
Avoid some good metro stories like Chicago where I mean is the center of the midwest -- it's drawing population in from all over the midwest.
-- population it seems to lose is usually done to those places like Texas and Florida in the Carolinas where.
Ever was losing population to.
-- to play a city like that where you can get a good deal.
A -- basis right now rented out for profit and be in a major metro which is not going anywhere I believe Chicago's challenges are going to be solved.
But even if they're not from the standpoint of crime and unemployment.
The suburbs are still robust okay and your other favorite city is is Winston-Salem North Carolina and why that thought I used this example today because -- -- balance right you wanna play big.
City USA and balance -- against small town USA.
Winston-Salem is in North Carolina and so.
Every city North Carolina is -- by for us right now.
Population migration from the north migration from the south -- quality of life low cost of living all those fundamentals are intact but.
North Carolina is one of the lowest foreclosure states in the country.
Winston-Salem is one of the highest foreclosure cities in North Carolina so that balance of having.
Long term game very much intact but a little bit short term pain to give you -- correction on prices but also we see foreclosures or distressed property.
We did you see the obvious of lower prices.
We actually see ten intimate.
Right if you can raise your kids and house and you lose that house to foreclosure or -- sell it short sale your biggest.
Motivation right now to shield them from impact and so you wanna go to the same school on Monday that they -- two on Friday when she moved.
And so we track distressed households yes as -- indicator of rental demand in those cities thereby increasing yields over time.
All right thanks very much for me with a straight -- and -- that -- housing market that continues to recover slowly slowly.
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