No one will take issue with the statement that we live in polarized times. Blue and red states have increasingly little in common form both a sociological and economic standpoint. In some circumstances, the differences border on outright hostility. Witness New York Governor Andrew Cuomo’s recent rant regarding Florida stealing its most prized high-income residents resulting in a multi-billion dollar budget shortfall.
This being said, great differences of opinion, background and outlook have always been part of the American tableau. After all, we are a nation of immigrants. By definition this connotes cultural heterogeneity not homogeneity.
However, equality of economic opportunity has always been widespread from a geographic standpoint. This is why people come here.
Sadly, this is changing. Economic opportunity as defined by the ability to create wealth and keep as much of it as possible is under attack. And this hostility to wealth creation is increasingly geographically specific.
New York mayor Bill de Blassio recently called for an end to private property. He went as far to say that wealth is “in the wrong hands.” He railed against business and private property, promising to seize the buildings of recalcitrant landlords. He then doubled down threatening to fine the owners and operators of New York’s famous skyscrapers who don’t retrofit said buildings in a manner compliant with the leftist “Green New Deal.” He and his fellow socialist sociopaths are literally and figuratively flat earthers. Is it any wonder that blue states are hemorrhaging both people and money?
It is estimated that California and New York will lose close to a million residents over the next three years due to this war on capital and economic opportunity. The primary beneficiaries of course will be the no/low tax red states.
This is one of the great advantages of Delaware Statutory Trusts. The formation of a Delaware Statutory Trust allows retail income property owners to move their investments in anticipation of these trends. It enables them to literally go where the money is going. This gives mom and pop property owners the same opportunity to “fly the coop” as so many billionaire financiers have already done and relocate to places like Florida.
Delaware Statutory Trust companies know this. A big part of their job is to provide DST properties for sale in those parts of the country that are benefitting form seismic demographic and economic shifts. Their job is to mitigate the risk associated with Delaware Statutory Trust property ownership by locating them in those areas people are moving to rather than from.
As high tax blue states hemorrhage both people and money real-estate values in low/no tax red states are already rising. As this migration accelerates so will the increase in real estate values. The greatest advantage of Delaware Statutory Trusts is it allows mom and pop investors to profit from this just like the big boys.