Investing in Secondary and Tertiary Markets: Benefits and Misconceptions | Durable Value Ep. 65

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Summary
In Episode 65 of Durable Value, Ryan and Joe discuss the advantages of investing in secondary and tertiary markets compared to larger gateway cities. Our latest research, led by Ryan, debunks common misconceptions, illustrating the long-term stability, diverse economic drivers, and higher cash flow potential of smaller markets. These markets offer less competition and lower entry costs, producing strong returns while mitigating risk. And data reveals these types of markets are more resilient during economic downturns.

00:00 Introduction to Secondary and Tertiary Markets

00:24 Debunking Misconceptions About Smaller Markets

01:32 Key Advantages of Investing in Smaller Markets

02:10 Economic Drivers and Market Stability

03:38 Impact of Remote Work and Population Growth

04:17 Economic Volatility and Market Performance

06:20 Challenges and Friction in Smaller Markets

07:51 Leveraging Expertise in Medium-Sized Cities

08:32 Final Thoughts and Report Insights