Irvine, CA (PressExposure) May 24, 2009 -- Professional Sales Co., an independent investment consultancy firm founded in 2005 explains that "we are facing perhaps the greatest financial opportunity of our lifetimes and it is available to anyone with the knowledge and vision to do something with it."
Many people are aware that residential real estate is currently overbuilt in a number of U.S. geographies. However, if the US Census Bureau's projections are even close to accurate, we will grow out of this situation in the next 1-3 years in most markets.
This means that we must start the land development process today to accommodate new housing and community requirements that will be needed to support projected population growth 2-6 years into the future. This is because it takes minimally 1-3 years to complete the land development work (getting raw, undeveloped land ready to build on). Then, it takes another 1-3 years beyond that to construct the buildings and other structures on the newly developed land. In other words, we're at least 2-6 years away from any new communities to start springing up if we started them right now!
So, with the American population expected to grow by 82,000,000 new people between the years 2000-2030, we are literally on the threshold of an extraordinary land development and construction expansion. Professional Sales goes on to explain that the projected population growth is driven by several factors:
1) New births
2) Extended life spans
U.S. CENSUS BUREAU PROJECTIONS:
Year.....Population.....Cume Chg.....Cume % Chg
In December 2004, the highly acclaimed Washington DC think-tank, Brookings Institution's Center on Urban and Metropolitan Policy supported a project titled: "Toward a New Metropolis: The Opportunity to Rebuild America" by Virginia Tech University's Urban Planning professor Robert Lang.
According to the Brookings Institution study, America's future land development requirements will include approximately 209 Billion square feet of new construction between 2000-2030. The total cost? $25 TRILLION DOLLARS.
The bulk of the $25,000,000,000,000 will be spent developing 10 major metropolitan regions, which the Brookings Institution study calls "Megapolitans". Based on an article by Paul Kahlia for Business 2.0 Magazine titled "The $25 Trillion Land Grab" (Nov. 1, 2005) here is where the 10 Megapolitans are located:
1. CASCADIA: Will encompass land from Seattle to Portland. Vast quantities of cheap, prime greenfield surrounding Seattle, Portland, and Eugene give the Northwest megapolitan explosive growth potential. By 2030 the three metro regions will be intertwined.
2. NORCAL: Will encompass land from San Francisco to Sacramento plus the Central Valley. The action is moving east from the Bay Area: The Sacramento metro region will build more housing and office space in the next 25 years than any other Western megapolitan city except Las Vegas.
3. SOUTHLAND: Will encompass land from Los Angeles to San Diego in the south thru the Inland Empire to Las Vegas in the east. Trade with China through the country's largest port, Los Angeles, will fuel a boom in logistics, warehousing, and distribution centers for companies like Target. New military and space programs will do for the Southland what the Internet did for NorCal in the 1990s.
4. VALLEY OF THE SUN: Will encompass land from Phoenix to Tuscon. This is the smallest megapolitan, but the one with the greatest supply of raw, buildable land at the lowest prices--one reason it will soon be the fastest-growing metro region in the country. The big draw: a Palm Springs lifestyle for the masses at a substantial discount.
5. I-35 CORRIDOR: Will encompass land from San Antonio to Dallas to Kansas City. No region better captures and caters to the Latino population boom. A new generation of Hispanic business owners and industrialists will drive the growth, and the area will become a magnet for foreign firms trying to cash in on the U.S. Latino market.
6. GULF COAST BELT: Will encompass land from Houston to New Orleans. Hurricane Katrina will for decades exaggerate a divide at the Texas-Louisiana border between the region's richer western section and the poorer eastern one. Surrounding megapolitans will enjoy spillover growth because of the Gulf Coast Belt's higher risk premium.
7. GREAT LAKES HORSESHOE: Will encompass land from Chicago to Detroit to Pittsburgh. Hit hard by manufacturing's decline, the constellation of Northern industrial cities is morphing into a service-economy region and will draw a flood of immigrants.
8. ATLANTIC SEABOARD: Will encompass land from Boston to New York City to Washington DC. The country's most heavily populated megapolitan braces for another boom. Where will most of the development go? Up: Urban infill will outstrip suburban growth.
9. I-85 CORRIDOR: Will encompass land from Raleigh-Durham to Atlanta. The 410-mile stretch from Atlanta to Raleigh is fast becoming a contiguous strip of McMansions and McDonald's. As textile manufacturing fades, consumer banking in Charlotte, telecom in Atlanta, and high-tech in the Raleigh-Durham Research Triangle drive the growth.
10. SOUTHERN FLORIDA: Will encompass land from Tampa to Miami. The state posted the nation's highest job growth in 2004, as baby boomers from the North poured in to take advantage of the job market and climate. Land scarcity will drive urban growth.
Professional Sales strongly encourages investors to research this opportunity further and learn more about land development and how they might be able to participate in and profit from this "lifetime opportunity".