This Amazing American Real Estate Market 2020 (LA 1371)

This Amazing American Real Estate Market 2020 (LA 1371) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Hi. Steven Butala: Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill DeWit, broadcasting from sunny southern California. Steven Butala: Today, Jill and I talk about this amazing American real estate investment market in 2020. Who would have thought? I never would have thought. Jill DeWit: I know. Steven Butala: It all comes down to one thing, one word, migration. I've been studying this now since March. Jill DeWit: Yep. I just talked to a guy the other day, as a matter of fact, who's in Texas. And I said ... We were talking about next places to mail. We were talking about this is what you do and what's great about you. I said, "Just do it like Steven. You need to spend a weekend, go into a dark room and figure out what's happening. Look at where people are going. Look at what people are doing. Look at what people are buying." We all know they're leaving New York. We all know they're leaving Chicago. We all know they're leaving LA. It's obvious. So where are they going? And that's, you just need to be ahead of. Steven Butala: Here's some staggering statistics on this. In a regular year, just in a normal ... This is not normal, obviously, but in a normal ... This shocked me when I first read it a few years ago. 20% of the people in this country move every year. Well, that's double and they're expecting maybe triple now. So what does that do to the real estate market? Everybody's just, you might as well throw a ticker tape parade because especially if you're a real estate agent, all the fees that are associated with moving. I read somewhere that U-Haul, the company where you rent the trucks to move, I think you were telling me, it's like, if you want to know where to send mail and where people are moving, find out what U-Haul rates are. Because if you're moving from someplace to California, that U-Haul costs $3,000 to rent, but if you're moving out of Los Angeles to somewhere else, it costs $200. The numbers are staggering when it comes to, when you really think about 40% of the population in this country is going to move this year and next year. I mean, that's like 115 million- Jill DeWit: More than ... Oh, yeah. There was that- Steven Butala: What are there? 300, 400 million people in the country? Jill DeWit: It was all the remote workers. That was that article that I had the other day, I sent you. Steven Butala: Do you have the numbers on that? Jill DeWit: No, I don't, but it was staggering, the billion people. Steven Butala: There's like 200 million people in this country are working remotely. Jill DeWit: Yeah, and they're moving. Steven Butala: And they're tired of the smaller houses. Jill DeWit: Yeah. And they don't have to anymore. Steven Butala: There's a run on refrigerators and large appliances right now because people are staying home. Probably many of them, maybe us included, permanently. So everybody's rushing. And it's not affecting their paycheck. If they do anything online, it's not affecting anything. Jill DeWit: Yeah. Steven Butala: So it's really affecting people that, like restaurant. Stuff that, where your revenue stream's in the public. So all of that adds up to positive stuff for people like us from a real estate investment standpoint. Before we get into it, though, let's take a question posted by one of our members on the landinvestors.com online community. It's free. Jill DeWit: Is that Walder? Steven Butala: Yeah, Walder. Jill DeWit: Okay. Walder wrote, "Hi. So a few months ago around April, I was thinking to stay away from infill lots due to COVID and builders won't be building. But fast forward to today. Is it safe to say infill lots are good to market to again, since the housing market is hot? And if not, which land type would you recommend going to 2021?" Great question. Steven Butala: Yeah,