I’ve been looking across the internet at what industries will grow the fastest (CAGR) by the year 2030. The top 5 that have been most popular are Cybersecurity, AI, virtual reality, renewable energy and Internet of thing.
Does everyone else agree that these industries will be receive the most growth by 2030. What other industries will see big growth by 2030?
In the US, real estate.
There is a 10 year backlog of underconstruction. And now a 5 year backlog of “I’m not buying until the market stops being so crazy” followed by “I’m not buying until rates come down”.
There are so many people waiting on the sidelines to buy, and to sell.
The backlog of construction is a lie. It’s greedy companies sitting on multi billion dollars in vacant land waiting to tip the market in their favor. Last place I worked at was stalling to build and creating a red budget for the sake of waiting for the market to pick up again.
It’s not only a problem with sellers and buyers. Most of the surplus in the market is from dying boomers or sellers who thought they could cash in too late in the market.