population/jobs market growth in Cleveland
Hello everyone
I am still aspirant for my first out-of-country investment (goals are cash flow, long term holding).
During the past days i tried my best to do some researches about Cleveland real estate market.
i got confirmation from multiple sources that this city has the potential to offer exceptional cash flow :
-affordable houses prices
-high rental value
-low vacancy rate
is it too good to be true? why a city offering these opportunities isn't assaulted (pardon my french) by investors yet ?
by checking some basics datas , i found out that Cleveland has some cons: unfriendly weather, high criminilaty, declining population, slow growing job market...
my concerns are especially: declining population and slower job market growth (than the national average).
do these 2 factors make the city a dangerous place for long term investment ?
vacation rate could increase, houses could loose value overtime...
there are probably other factors that i miss, please let me know what do you guys think.