++Cashflow /w No Appreciation VS Appreciation Markets

[Darren Horrocks]

I am analyzing new markets in my surrounding area. I am happy /w Barrie, but the massive appreciation is starting to kill the cashflow potential. My current properties are doing good. But future ones...

My question is:
Which market type is better?

1. A market that has excellent population growth, with a mid-high affordability index. Appreciation is high and fast. Demand is high, so winning offers arent frequent. Cashflow is low and in many cases not possible.

VS

2. A market that has a stagnant population /w little growth, low affordability index. No/low appreciation market. SFHs are cheap, and rents are good. Cashflow is high. 

[Russell Brazil]

Both types of properties carry different pluses and minuses. I always like to say...

Cash flow is how I pay my bills, appreciation is how I build wealth.

So what is your goal? If it is income replacement, then cash flow is the way to go. If you have a good income, and like you job, then maybe appreciation is the way to go.