Short excerpt from a YouTube video (Mark Simpson) where a question is posed about what matters more when choosing an area to invest in. The respondent prefers a stable, good market with an average property over a unique property in a risky or unusual market, citing tourism presence and regulatory stability as reasons.
When choosing an area to invest in, what is more important?
I'm going to go better market average property because none of my properties are what I would call like a unique stay. But the tourism is there. If the market is good, then I think you're going to be better off with an average property than going to a weird market, which, you know, maybe there's not as much tourism or maybe the regulations are wacky. So I'm going to go with the stability of a good market, but an average property.
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