Really good piece of advice and it stands true atleast in my country as it really depends because I stay in a region where if you invest into real estate you will surely get profits in couple of earning but the region which falls with 50 miles from my place there has been no appreciation in the value of real estate for decades, similarly it stands true for every single business as that's why analysis of region is very important and play a major role.
Totally agree, if the price of real estate is really high in your region, you don't really go for it no matter because by the time that you're saving up to buy an investment in properties, the price has gone up so yes, definitely dependent on the region. Totally agree on that part about business analysis, you can't really invest in something that would be really bad in that region, I mean selling shoes in a region that hates shoes for religious reasons is basically how I would sum this one up.
We're talking about region here and Yup, i agree that our investment will depends on the needs or what is allowed in a region or places, just like what you've said, the real estate as your example, you will buy a land on that place as part of your investment if other people is also interested in buying a house /land in the future, or if you are going to use that land to established some shops in the future that is needed in the area, You investment will become worth it as the years pass by.