It would be great (obviously a very selfish outlook) if it did since I’m young and could take advantage of it, but I think people are missing key economic factors that show that our market has adapted significantly since the last crash.

An economic downturn doesn't affect all areas. 

Therefore, there is economic AND physical vacancy for your area that should be factored.

Also, there is a lot of government assistance out there for affordable housing so learning to write a grant or finding a grant writer is important, finally every state has developed opportunity zones to encourage economic development that have huge tax advantages - you need to purchase by the end of the year to get the full benefits but the program continues for the next ten years.My biggest limiting factor is I try and do everything myself. 

Indy has really favorable economic profiles. i find. 

Next Thursday at 6:30 PM the commission will be revealing five different potential scenarios which include the potential economic cost and additional incomes.

The economics rarely work in markets.

If the economics are such that it is cheaper to buy existing vs. build, I don't see why you wouldn't just buy an existing property. 

What is the best strategy to find out the economics of your city you want to invest in?

Basically if it's a crack house that is approaching economic obsolescence that rents for less than a couple hundred/unit, then that's Class D and if doctors, lawyers, and business executives would rent there, Class A.