Kyle Bass is investing in Texas, Florida, and Tennessee, he said in a recent interview with the Investor's Podcast Network.
These states should benefit from migration to lower-cost states, a trend that's already happening.
Bass has been buying rural land to capitalize on demand for environmental credits.
By then, the price-per-acre of rural land had appreciated 123% over the decade, the outlet cited.
"When I think about gold versus rural land again, I have the population demographic in my tailwind," he said in 2022.
Persons:
Kyle Bass, Bass, he's, isn't Bass
Organizations:
Service, Bloomberg, Hayman Capital, Equity Management
Locations:
Texas , Florida, Tennessee, Florida , Tennessee, Texas, West Coast, California, New York, China