Julianelle said certain locations have better appreciation because of their geographic boundaries, and pointed out that places with natural restraints like Denver and Boise are cities with strong long-term investment potential.
"Denver is naturally constrained by mountains," he said, adding that the city's value is bolstered by its clearly defined natural borders. Adding that scarcity of land builds property value, Julianelle mentioned the astronomical values of property in places like Manhattan Island — a famous natural boundary — where high prices are driven by demand for property that is naturally irreplaceable.
In contrast, "Oklahoma City is a pancake," he said, emphasizing that the city's development can simply keep spreading outward, and Kansas City, for example, stands in a similar position. "It's [Oklahoma City] never going to out-appreciate the new construction," he said. "You don't want that."LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our
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