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Big money investors looking for inflation hedge turn to America's homestead
People turn to housing market across America as inflation soars
FOX Business chief national correspondent Connell McShane reports from Montana and speaks with Craig Janssen, with Live Water Properties, a real estate brokerage specializing in land and ranches for sale.
Big money investors looking for a hedge against inflation have been turning to farms and ranches, according to brokers, who noted that people with "significant amounts of cash" are still investing in remote real estate following the so-called COVID "Zoom boom."
The COVID-19 pandemic, forced millions of people to work from home and use tools including Zoom video conferencing to connect with their coworkers as thousands of companies had to rethink the future of their workforces and offer remote or hybrid-work options to keep employees satisfied.
The pandemic has also shifted more people into small cities and suburban areas as they are able to work from anywhere.
B. Elfland, the managing director of Hall and Hall, a rural real estate firm in the Rocky Mountain West and Great Plains regions, told FOX Business investors are "looking for an inflation hedge" and noted that "the other financial motivation that we’re seeing on the selling side is just tax risk."