- California has the largest state population in the U.S. (38 Million in 2008) and GROWING!
But WHERE exactly in California is this growth going to be centered? Just consider these specs:
- If it were a state, Los Angeles' 5-County area (LA, Orange, Riverside, San Bernardino & Ventura) would rank the 5th largest population in the nation and LA County alone would rank #10 in the nation (with populations of 18 Million and 10 Million in 2008)
- The 60-mile radius from downtown Los Angeles, the LA Megalopolis, holds 50% of the State of California's population - and about 1/3 of this area is in the ocean!
- LA's 5-County Area is the 15th biggest nationwide (same as Mexico)
- Today there are more people within the Los Angeles Basin than in Oregon, Nevada, Arizona, Idaho, Utah, Montana, Wyoming and New Mexico - COMBINED!
- Los Angeles County is 17th biggest economy in the world (equal to country of Turkey)
As a matter of fact,the LA County Department of Regional Planning is developing infrastructures to accommodate the following projections for North LA County in the next 25 years: 193.4% increase in population (next closest is 43.1% in Las Virgenes); 202.9% increase in households (next closest is 39.1% in San Gabriel Valley); 125% increase in employment (next closest is 13.4% in San Gabriel Valley).
Aside from this 3-dimensional growth, I stated previously that the area of focus for land banking strategy should incorporate the biggest economic trends. You've heard that the baby boomers will dictate the most explosive surge in product and services because of their buying power. There are 3 industries which will capitalize on baby boomer buying power: Health and Wellness, Travel and Financial Services. But as an umbrella to these, there is one industry that is instrumental in the effectiveness of each of the 3 previously mentioned - and that is the CLEAN & GREEN ENERGY industry!
It's no longer just the "tree huggers" that strive to save the earth - it's now at the forefront of global consciousness. And just about company, every industry is jumping on the bandwagon so as not to be outcast as ecologically irresponsible. Even President Obama, as part of his economic stimulus package has committed to $100 Billion investment into Clean and Green Energy research, development & implementation. Clean and Green may just be the biggest, albeit most lucrative industry in the world!
Wouldn't it make common sense to match the largest population, housing and employment projections in the next 25 years with the largest NEW industry, which was just born out of the world's need to save the planet? What if both of these explosive economic stimulus-creating forces happened to occur in the same area? Would you not consider purchasing land in that area to be a "No Brainer"? Well, it has - and it will continue to occur for the next 30 years. That area is called Antelope Valley - a 3000 square mile triangular patch of pre-developed land in North Los Angeles County. Here's what's planned so far:
- Southern California Edison eSolar Power Plant
- Construction - New 94-room Marriot Hotel at 14 FWY & W. Ave J-12
- $5 million dollar expansion of Sierra Toyota Auto Mall
- HASA Inc's new 180,000 SF chlorine manufacturing facility in final planning process
- $1.5 million expansion of new Mazda Franchise in Auto Mall
- Grand Opening of Arbor Court - 50,000 square Feet - Senior living facility
- Palmdale Hybrid Power Plant by 2013
Finally, if you think that America is in this downward economy primarily because of the Real Estate Bubble bursting, consider this: 2 years ago, land in Antelope Valley was pretty commonly acquired for $2,000 - $7,000 per acre. Today, that same patch of land sells for $5,000 - $15,000 per acre. YES! Even in this economy! Going back several hundred years, land has proven to be one of the safest and most consistent wealth strategies available.
If you'd like more information on how to acquire (or at least LEARN how to acquire) land in this area, which is, as yet undiscovered by most investors - AND acquire it under market value with the tax advantages of a self-directed IRA, please email Lynette Domingo at lynettedomingo@gmail.com or visit www.5DWealth.com.
Published by Lynette Domingo
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