Places with population decline that have seen prices go up 50%+ ?

[Henry Lazerow]

I am noticing an interesting trend. The areas do not seem to have significant catalysts other then maybe investors got more desperate and started putting capital into declining areas? The big question is will the prices revert back to 2020 or continue their upwards momentum? Do they still cashflow after factoring in the tenant issues of these type of areas at new 2022 prices?  I have been in Gary IN recently and to be blunt it's still most definitely a Sh*t hole lol someone actually tried to sell me crack when I was getting gas. 

Gary IN multi units are selling for 200-300% of there 2020 prices. Lost over 60% of it's population since 1960's while also currently still showing population declines 2020-2021.

Cleveland OH has multi units selling often 100% higher then 2020 and sometimes even 40-50% higher then a year ago. Lost 27% of it's population since the 90's and also currently still showing population decline in 2020-2021.