No economic growth and no rental housing.

He was a goodhigh school teacher and taught my economics class.

Given the current housing crisis in this city, you would think that they would want to encourage building, regardless of owner occupancy or not.

If you are trying to find closer to 2% you'd likely need to look in the Grays Harbor market, however I would be cautious when buying in areas of GH with the low economic growth and lower tenant base. 

If you are looking to invest in Allentown based on appreciation from economic development, might want to look into the waterfront project area.http://www.mcall.com/news/local/allentown/mc-biz-n...https://thewaterfront.com

However, I keep hearing that we are about to have another financial crisis....so I'm not sure if that is the best route. 

What I see that is different in this economic cycle compare to the last is that people are able to work despite not having an employer.  

When evaluating the markets you are considering, look at their economic growth projections.

@Matt Fore Yes it does have to be capital gain although there is some language that just references "gains" so we are waiting on additional guidance as to whether ordinary gains would qualify.I think the reason capital gains need to be invested into the funds instead of straight cash is that by recognizing a capital gain you are selling something which promotes economic activity (selling stocks, businesses, real estate, etc.)

Upper (and lower) South Providence has had some economic redevelopment type money for specific properties over the past decade, but I don't necessarily feel it's improved the neighborhood as a whole.South Providence is a closer to downtown, but Silver Lake is closer to the west end which is also nicer so I think they're about the same, if anything Silver Lake is slightly better since downtown/downcity isn't really residential.