Puerto Rico had a population of 3.7 million in 2010.
In 2020, it was 3.2 million people.
Down 13.5%
The average price of a home there in 2010 was $224,000 “$306,000 today”
The home price in today is $160,000 on average.
Down 47% adjusted for inflation.
This is largely due to the hurricane, where immigration to the United States rose 37% after it happened.
This all seems bad, but for people in the United States, it makes a case Puerto Rico is really investable.
Comparing population changes overtime.
From 2000 to 2010, Puerto Rico only lost 90,000 people over the course of 10 years and real estate values did go up.
There also have been periods of population growth.
2.7 million in 1970
3.2 million in 1980
3.5 million in 1990
3.8 million in 2000
The last 20 years had a decline, but nothing comparable with the hurricane.
This makes a big case Puerto Rico is the strongest investment in the US.