The needs lower in Maslow’s hierarchy, as seen in the diagram above from SimplyPsychology, must be satisfied first before you can fulfill your needs higher up. That makes having a place to live a basic need.
Consequently, investing in bricks and mortar is easily a much safer bet to build your wealth than starting a business.
While every now and then there will be a decline, the demand for a living space will never disappear. People will always need to live somewhere, so investing in property is an investment that will always have a market.
With all of this information, we know you’re wondering, ‘Why the US? Can’t we invest here in Australia?’
Previously we talked in detail about the perks of investing in the US and recently stated that the value of the US residential property market is expected to hit $33 trillion USD.
We were wrong…
According to Stephen McBride, Editor of Risk Hedge Report, in a Forbes article growth in US property will rise to $35 trillion USD. Even in the midst of a pandemic, there’s an insatiable appetite for housing in the US which has arguably never been more in demand.
So to reiterate, the US is the best place for Australians to invest right now because it is insanely cheaper compared to the prices here in Australia. Maybe a few decades ago, it would have been easy to grow your portfolio investing here, but with the prices being so high now (and it doesn’t look like they’ll be significantly lower any time soon), it’s not the best option.
Going back to a previous point, we said that it is important to have a strategy that will help you in your decision making and that you need to choose what has the lowest risk. So investing in the US is a prime example of that.
You spend less, and with the ever-present need for a living space, you have a better chance of receiving higher returns. As the same Forbes article mentioned above states, there’s a ‘chronic under-supply of homes in America’ and that means you’ve never had a better opportunity to buy a distressed, run down property and turn it into a home with strong investment potential.
While we can’t guarantee what sort of ROI an investor will get, no one can predict that, we can guarantee that if you do nothing, you’ll make no profit at all.
Life is a hustle. So if you are keen to take action and find ways to increase profit in the long term amid the coronavirus pandemic, we are ready to help you.
For more information on the U.S Market, download our FREE eBook – “7 Simple Secrets to Investing in U.S. Property”.
Learn how the U.S market is smashing the AU/NZ market right now, and the strategies THAT WORK.
Download here – https://stardynamicinvestments.com/7simplesecretsguide