In the May 6 episode of Making Money with Joe Aldeguer, the group talked about the retiree population. Whether they are getting out or staying in the state where they have always been. The group also talked about what you should do when choosing for a location where you could invest on. Their tips include:

• Choose a place with an increasing population. Their rationale is that if the population in increasing, then so is the demand. When there is the demand, having the price go higher is inevitable.
• Take a look at the census track. This is actually connected to the first tip. You will be able to see which states are going to have an increase in population if you would research on it through the census. The group predicts that there will be a substantial growth in Nevada, Florida and Arizona in the years to come being always in the top 3 most populated city/state.

Joe asked Mike on his idea about the retirees because he and his friends fall under the 1920’s baby bloomer era. Mike said that he thinks it’s 50-50. Some wants to go but some wants to get out of the state, and for those who want to stay, it is mostly because of their amortization.

if they do get their first house and make the amortization they start relaxing and start getting comfortable and they’re getting the rocking chair and before they know it it’s too late. And they think that they are in a good area, they don’t have any more bills…

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