Is the last, affordable city a good place to invest?

[Jonathan Feliciano]

Hi BP Community,

I recently read in an article that Cleveland, OH, is one of the few remaining cities with affordable housing. 

To those who have invested in real estate here, what's your opinion on the Cleveland market? Have you made a decent profit / cash flow in this city?

[Nathan Gesner]

Quote from @Calvin Thomas:

I don't have my finger on the pulse and nobody knows the future. I just know Cleveland has always had a large population and they've always had cheap prices (for a reason). The market looks great now because so many investors are pumping money into that market. Eventually the markets around the country will balance out and the flow will slow. I'm predicting Cleveland will return to what it has historically been: cheap houses for cheap prices filled by cheap renters.

That and a $1.74 will get you a cup of gas station coffee.

[Calvin Thomas]

Quote from @Nathan Gesner:

Quote from @Calvin Thomas:

I don't have my finger on the pulse and nobody knows the future. I just know Cleveland has always had a large population and they've always had cheap prices (for a reason). The market looks great now because so many investors are pumping money into that market. Eventually the markets around the country will balance out and the flow will slow. I'm predicting Cleveland will return to what it has historically been: cheap houses for cheap prices filled by cheap renters.

That and a $1.74 will get you a cup of gas station coffee.

 The place is mostly a dump... That's why.  However, I am sure there are pockets in the city which is nice.  

Also, a $1.74 will not buy you a cup of coffee in NYC anymore...