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.

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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