Declining Population in my market of interest

[Mark Navarrete]

Would you consider buying a cash flowing property in a city that has a year over year population decline? I'm doing some research into the Buffalo,NY market because of the favorable purchase to rent ratios and came across the population decline statistic.

[Russell Brazil]

Declining population = declining demand

Declining demand = declining prices

would I buy a stock whose value is guaranteed to decline just because it has a nice dividend? No