ZINC is one of the longest-running, private money-backed, Fix and Flip lenders in the nation. We have loaned an excess of one billion dollars, and we have personally fixed and flipped over 100 million homes. However, we never enter rural living areas because the exit strategy is so weak.
Rural Population Definition and Percentages
The definition of rural is “in, relating to, or characteristic of the countryside rather than the town”. In the early 1900s, the definition of rural living was an area of 2,500 people. However, the Census Bureau has recently redefined that definition by doubling the number of people living in one area. Therefore, by this new definition, a rural population is a population of 5,000 people or less.
Our Explanation of Rural Living Increases
The U.S. government has stated that there has been an increase in rural living due to the COVID-19 pandemic. But, we believe that the reason for the perceived increase is actually due to the change in the definition of rural living. For example, in 2010, the percentage of the population living in these areas was 19%. Today, that percentage has increased to 20%. While this does seem like a slight increase, if we used the old definition, the rural population would have actually shrunk to 18.7%. This is why we simply do not believe that COVID-19 was responsible for this change.
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