It's important to stay informed about developments in the areas you're considering, as well as any potential changes in regulations or economic conditions.

The metrics I'm primarily focused on are: rent appreciation rate, property appreciation rate, economic growth rate, unemployment rate on the macro level.

It's pretty clear that many of these folks are in a bind, probably due to recent layoffs or the economic downturn.

The Banderas Bay area (from PV to Punta Mita) has lots of potential with the economic growth and the tourism industry expanding north towards San Blas with over 30% appreciation in the past 3 years.

The market's robust economic and employment growth, significant population expansion, and the area's relative housing affordability make it one of the best real estate investment markets in the country.

Heres a general breakdown:1960s: ~5 -“7%1970s: ~7 - 11% (rising due to inflation)1980s: ~10 - 18% (peaking at 18-19% in 1981-1982 due to high inflation)1990s: ~7 - 10% (gradual decline)2000s: ~5 - 7% (lower due to economic stability)2010s: ~3 - 5% (record lows after the 2008 financial crisis)2020s: ~2.7 - 7.8% (historically low in 2021, then rising in 2022-2023 due to Fed rate hikes)Long-Term AverageOver the past 50 - 60 years, the average mortgage rate has been around 7 - 8%In short and IMO, due to fiat system.

I also realize there isn't a big market here in the current economic environment.

This had nothing to do with economic or underwriting issues but was driven by covid and many workers beginning to work from home. 

If an investor has the time, knowledge, capital and experience to be an active property investor then there are a number of strategies , that, depending on the economic market can be used to accelerate wealth building.  

We hear from a lot of out of state investors that Milwaukee is a great place to invest in real estate due to its affordability and strong economic growth.