Will Columbus, Ohio ever slow down

[Remington Lyman]

Hello BP Community,

This question is for some of the older investors that have seen their market boom and then slow down. What caused your real estate market to slow down? I live and invest in Columbus, Ohio which is trending upwards right now. I am curious about which factors will slow this growth down and when it will happen.

Below is an article from Spectrumnews1 - https://spectrumnews1.com/oh/columbus/politics/2023/08/02/oh...

"COLUMBUS, Ohio —Central Ohio is witnessing an unprecedented economic surge.

The region is becoming a preferred destination for major corporations such as Wells Fargo, Intel, Google and Honda.

Wells Fargo is planning to establish a new technology hub in the Columbus-area, bolstering the local economy with nearly 585 fresh jobs. This move comes in the wake of a substantial tax credit approved by the Ohio Tax Credit Authority, projected to save the banking giant approximately $30 million over the next 15 years.

What You Need To Know

• Economists say Ohio has great tax incentives, available land to build, natural resources, and few environmental regulations
• Economists say the ripple effect of the manufacturing and job boom could be good for the state

• Ohio’s unemployment level is at a record-low, the workforce boom creates an opportunity for college grads or people from out of state to fill jobs

The influx of new corporations represents a vote of confidence in the state's robust workforce, low cost of living, and logistical infrastructure. According to Joel Elvery, a policy economist at the Federal Reserve Bank of Cleveland, these factors are the bedrock upon which Central Ohio's current economic boom is built."