A short YouTube transcript in which Speaker A asks whether it’s better to invest in a strong market with an average property or a unique property in a weaker market. Speaker B answers that a good market with an average property is preferable, citing tourism, regulatory stability, and stay-demand as reasons.
When choosing an area to invest in, what is more important? Having the right market with an average property would be more important or having a unique property in an average market?
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, 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 stay stability of a good market. But an average property.
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