Columbus, OH - Pre Boom or too late?
Hi Everyone,
Columbus OH is one of the cities that I'm researching and interested in. Do you think that Columbus is a pre boom city or not? Here is an excerpt from one of the articles by @Tom Ott in regards to what is considered a pre boom city. Thank you!
"These are areas where the growth is steadily increasing in multiple economic factors: rising population, industry success, job rate growth, and decreasing crime rates. If you can identify a marketplace before it skyrockets, you are in a place to make enormous returns. The reason for that is you can purchase properties for incredibly low prices. Soon, the area will experience growth at such rates it can hardly keep up. As the local industries prosper, people will want to live nearby for quicker work commutes. Houses and apartments will fill-up rapidly. Since it takes quite some time to build new houses and structures, people will scramble to buy and rent. With such high demand and little supply, prices will rise immediately. People will be begging to be your tenant. You'll get to choose who you believe will be the steadiest, most reliable resident."