That said, water scarcity is not why my home state and favorite region look apocalyptic right now. 

(minus whatever closing costs they're paying) its kind of regional how title work is done..

In my area, most illegals live in trashed-out rentals with multi-generational family members or co-workers, so I doubt the housing market will be greatly impacted, at least not in my region.  

There's a little oversupply, maybe large depending on region.

If curious, here are the last two: Jan 2023: Multifamily Real Estate is At Risk of CrashingFeb 2024: Multifamily is at High Risk of Continuing It's Historic CrashI think that the title for my 2025 analysis (likely Jan/Feb publication will be something more like:Multifamily is Finally Going to Hit Rock Bottom in Q2/Q3 2025 - Get Ready to Buy a LOT of itAs usual, I like to publish my draft thoughts here to get input from key players in the space and these forums, especially folks like @Brian Burke, to see if I am missing any high level areas, before I get into the weeds and look at the data more deeply and regionally. 

.- Books:  We have a mix of books including some local area/regional stuff, some fiction, and kids books.- Kids Toys:  We advertise to families and have another 2xKallax cubes full of toys that won't break and are tolerant of missing pieces, but are easy enough to cleanup:  lincoln logs, blocks, hard animals, stuff like that.   

Places with strong population and job growth (think the Sunbelt regions or emerging Midwestern cities) can offer solid cash flow and long-term appreciation. 

Given the relatively slow population growth in the Midwest, do you see potential for long-term appreciation in the region?

I'd like to understand @Devin James, from the domestic developer mind of things; If there stands a confusion, lack of comprehension on how to address housing compilation in a given region, city, MSA etc., why not look to Europe? 

An example in my experience would be a local/regional foundation with a mission that is aligned directly or indirectly with Affordable Housing AND a longer-term investment horizon with less of a focus on the financial return and more on the "social" return for the community.