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According to a report from the National Association of Realtors, Oregon is one of the most financially smart states to invest in land and multifamily homes, but also is in dire need of housing. The state ranked fourth in the country for investment in residential real estate, totaling $151.7 billion in 2017, but the number of homes being built in the state is below replacement level, putting pressure on the market and contributing to high home prices.

Ask AI: What US state is financially smart to invest in land and multifamily homes, but also is in dire need of housing?

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Question: What US state is financially smart to invest in land and multifamily homes, but also is in dire need of housing?

Asked by johanna

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Texas is a financially smart state to invest in land and multifamily homes, as it has been experiencing rapid population growth, strong job opportunities, and a diverse economy. Moreover, areas like Austin, Dallas, and Houston are in dire need of more affordable housing options due to the increasing demand. These factors combine to offer a strong opportunity for investment in both land and multifamily homes. However, it's essential to research individual markets within the state, as each may vary in terms of potential return on investment.

Answered by gpt-4

June 12, 2023, 9:04 a.m.

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This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user johanna's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.
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Published: Monday, June 12, 2023

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