The city is very diverse and you can buy a property for 50k or 500k within less than a mile drive.There are also a lot of great networking groups you should check out.

As to # 3 above, it requires a whole different, more diverse and deeper skill set to be successful than does real estate investing.5.

Ok, really opening a can of worms here but I am interested in some diverse opinions.

i think the demise of detriot really got me thinking, but kansas city is a fairly diverse economy.

Get busy and enjoy the diversity here on BP.

There are many investors here with many diverse experiences and insights.

Besides being an over simplification of a complex and geographically diverse market, the information was outdated it as soon as he said it.Dropping commodity and energy prices have not caused the inflation that would have been expected in the past.It will be interesting over the next year to watch China will do about citizens exporting money as fast as they can.It is unlikely that the FED will want to pull money from other economies anytime soon.I am guessing the next FED minutes will say something like "We survived the rate increase, VERY slow ahead."

To answer your question, I would focus on a few main drivers: diversity of jobs, cost of living, and population growth.

A diverse portfolio will weather normal market cycles because those properties will be generating cash and building equity.

It was easy to see once you see the decline of the Big Three Automakers over the decades.The fact is that NYC is diverse in virtually all Verticals, making it actually a safer bet than a one trick pony town like Detroit was back then.So, as long as I am investing in a City and Neighborhood that is Diverse Economically, then I only need to worry about the the rest of the areas which could impact my portfolio.I'm an Expert in my very specific locality.