Urban vs Rural Real Estate: Where Should You Invest Now?
Interestingly, the distinction between urban and rural areas is relatively blurred in the United States. Whether in New York or Los Angeles, many rural areas offer amenities like shops, restaurants, hospitals, and schools, making life just as convenient as in cities.
US Real Estate Market Analysis
Investment Advantages of Detached Houses
In the US real estate market, detached houses are a prime investment choice due to their affordability and active rental market. These properties are not only popular with American families but also highly attractive to investors. Whether first-time homebuyers or experienced investors, detached houses offer a promising investment opportunity.
US Property Tax Detailed Explanation
◇ The Importance of Property Taxes
Property taxes are considered a key source of government revenue in the United States. They account for as much as 70% of the US tax system and are widely used to support public services such as public schools, community development, and municipal facilities. Paying property taxes is not only a legal obligation but also a form of community responsibility.
◇ The Collection and Effect of Property Taxes
The collection of property taxes in the United States involves two key factors: the tax rate and the property's assessed value. Each state government sets its own tax rate, and the assessed value is based on the purchase price at the time of purchase. Annual property tax payments do not hinder real estate investment; rather, they help preserve and increase the value of a property by providing excellent public safety and educational resources.
New York is a recommended city for US real estate investment. Here are several key reasons:
- Tight Rental Market
New York's rental market is in high demand, especially in core areas like Manhattan. Due to the city's dense population and a constant influx of newcomers, the rental market remains active.
This tight rental market means that rental properties remain vacant for shorter periods, providing investors with relatively stable rental income.
- High Property Value Appreciation
New York's real estate market offers high investment value, with long-term stable home price growth.
In high-end areas like Manhattan, the potential for home price appreciation is particularly significant due to the scarcity of land resources and the influx of global investors.
- New Home Market Undersupply
New York's new home market is perennially undersupplied, primarily due to the city's continued economic development and population growth.
Investors purchasing new homes in New York can not only benefit from increased home value, but also earn additional rental income by renting out the property.
- Excellent Educational Resources
Manhattan is home to world-class educational institutions such as Columbia University, City University of New York, and the Juilliard School.
These high-quality educational resources not only attract a large number of international students and scholars, but also attract Chinese parents and investors seeking high-quality educational opportunities.
Properties with excellent educational resources generally have higher investment value and are more resilient to price fluctuations.