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Jersey City in Manhattan is an excellent area for investment in the US. Its close enough to Manhattan – just 20minutes to Wall Street but is more affordable than Manhattan. It provides the opportunity for investors to gain a foothold in the New York market without having to spend vast amounts of money.
It also has a strong local economy with a 500% increase in real estate, insurance and finance business since 1993. Jersey City is a quicker commute to Wal lStreet than from Central Park with taxes and utility costs lower than Manhattan. The proerpty market has seen a boom over the last few years with many peopel relocating to Jersey City to take advantage of lower taxes, cheaper rents and improved standard of living.
This makes it a fantastic market for investment within the US and the world.
It is important to have a diverse investment portfolio, with property investments usually outperforming equities and bonds, it is no wonder that it is the preferred investment class of wealthy investors. Returns from property investments are also less volatile than those from stocks. Mortgages also allow individual property buyers to buy a large asset and enhance their returns in a way which is difficult for investors in stocks and bonds to achieve.
Property markets rise and dip but the long term trend is upwards because of growing populations, urbanisation, and people's desire to improve their living standards, making it a very attractive investment opportunity.
To answer your question, people invest in property to diversify their portfolio's, protect their returns and to increase in return on their investments.
I hope this helps!
Hi Jess
Please see the link to my blog: http://tmipglobal.blogspot.com/
Jersey City in Greater New York Metropolitan area is an exceptional area for investment. It is considerably cheaper with prices starting from just USD265,000 for a high specification development.
The location of Jersey City is excellent – just 30 minutes to Wall Street and is a quicker commute to Wall Street than from Central Park and Times Square.
