I think it’s worth noting that when you mention a city, a lot of us get hit with a “keyword” notification and the way BP has gotten often that turns into “selling” you our market(s). So with that disclaimer out of the way… Tulsa is a fairly safe bet. The other markets might be as well, but what I know about my market is we saw 2% appreciation throughout our mls last year despite the national news of real estate being in a decline… we are so insulated from the “bubble” conversation. Now, on the inverse, I’ve been calling out insane rent growth on a local level especially because we have a ceiling of wage growth. I want to be wrong here. I want an employer to come in with 9000 6 figure jobs. But our median household income is roughly $50,000 depending on which google search research you look at.. I find this to be a relevant income level for most of our tenant pool, unless you’re focusing on our A class areas of course…. (But A class usually doesn’t cash flow because you compete with owner occupants to acquire). So what I’m saying is, we aren’t that bad and we aren’t that great. We do cash flow, we do appreciate, and we don’t crash that hard when the rest of the nation does. I jokingly say it’s because we are already near the bottom :-) my colleagues don’t always love that. You should check out all 3 markets and interview a lot of folks. I’d love to be one of them in Tulsa and am here to have a conversation if that’s of interest. I do have all my eggs in this basket because I do believe that we are growing and improving ahead of many comparable midwestern states.
