There is a reason why Economics is called the Dismal Science..lol!

Aside from the normal currency and economic risks, there are significant political risks in the region.  

                                                                Economic Update                                                            (Monday, July 20, 2020)In a previously unimaginable turn of events, the Los Angeles economy has tumbled from record highs to pandemic-driven lows in less than a year.

Look at the fall out of Miami during the housing crisis in 2007.

Brown and RISD are obviously important, and Johnson & Wales and URI too, but I don't know how much they really drive new economic growth.There could well be things I'm not aware of though, you'd have to really dig into the economic numbers. 

SOUTH AFRICA - PROPERTY NEWSThe South African property market in 2020: Positive prospects despite pandemicArticle summary:There is reason for optimism, despite an economically and politically tumultuous 2019, followed by the corona pandemic-plagued 2020.Interest cuts early in 2020 have lowered the cost of monthly repayments, and made home ownership a more attractive prospect.A burgeoning young population is ready to enter the market, providing a ready-made market for buy-to-let investors.https://www.ooba.co.za/resources/property-market-south-africa/

Recession= when economic activity is not in growth, & usually is in reduction, from one month to the next month.)

A lot of my worry comes from the current economic situation in the country and where housing markets will be following the pandemic, but even not taking that into consideration keeping it as a long term hold what do you all think?

This means more money in seller's pocket, without really changing the economics on your end.

., causing economic disruption, which will eventuate into a Recession.