10 Year Decline - Is My City Dead Or Is It Time To Buy???

[Cory Hinton]

I live in Shreveport LA and it's been on a steady 10 year decline in new construction and labor, here's the graphs for different industries:

https://www.bls.gov/eag/eag.la_shreveport_msa.htm

I'm deciding on whether to invest in my town and bank on the city turning around eventually, or investing out of state.

The deals I'm looking for are what Alexander Felice does, BRRRR a foreclosure property that I purchase all in at 65,000 and will have an ARV of 95,000. These deals are available due to the shrinking population and job market, but I don't want to buy a house in a declining market that could lose me money in the long term.

Are there any signs to watch for or examples of other towns that have been in a decline this long and have come back?