One of the attractions, Oklahoma River Sports is a state of the art $45 million whitewater rafting and kayaking center that opened in 2016 and is home to the US Olympic kayak and canoe team.4.Oklahoma City is consistently voted one of the most affordable places to rent in the country, as well as one of the best places to invest in real estate.5.Studies have shown that millennials are flocking to Oklahoma City.Oklahoma City was voted among the top 10 cities that are attracting millennials as well as the 7th best cities to start a career.Millennials are adults age 20-35 years of age.Studies show that millennials boost economies.6.Oklahoma City has received numerous awards such as:a.2017-Top-10 major markets for housing affordability(Demographia)b.2017- Top 10 US cities where everyone wants to live (Business Insider)c.d.2016-Top-10 among large cities for recession recovery (WalletHub)e.2016-Top Metros for wage growth over the past decade (Forbes)f.2014- 1st in best city to start a business in (Kiplingers)g.2016-Best cities for workforce (Global Trade)h.2016 -among the top cities rebounding from the recession (CNBC)i.2016-ranked number 1 for quality of life (Business Facilities)j.2016 ranks number 1 for Women entrepreneurs (Merchant Cash USA)k.2016 ranked number 8 for millennial home population(Smart Assett)l.2016-Best bang for your buck housing market (Angie’s List)m.USA Today Reported,” Since 1999 the number of Californians departing the Golden State for Oklahoma has outnumbered those going the opposite direction by more than 21,000….The influx of Californians is a sign of Oklahoma’s growing economicprowess.”

Who knew vacation destinations were the last to rebound in a downturn?

As for Detroit, I just imagine it’s a due for a rebound.

Asking rents increased by a substantial 6.3 percent on an annual basis to $1,482, representing the largest year-over-year rent growth recorded by Yardi Matrix.While gateway markets started to rebound, rent growth was led by lower-cost metros that have attracted a large number of residents amid the pandemic.

If you get caught in a down market with a -$300 CF, you're basically SOL until the market rebounds, which could take a decade.

In Palm Beach County (large area take with grain of salt), while days on market has increased substantially since the start of the rate hikes, prices have rebounded from the lows in the beginning of the year pretty strong and we are close to seeing ATH in many submarkets within the county again.

In 2021, the # of houses sold was up about 85% YOY (the number fell sharply leading up to and during the pandemic in 2020 then rebounded last year).6.

Answer questions for new members who join and ask the question you pose here, tag agents/lenders/property managers in the area when they can add value to a discussion, and otherwise just help folks a few times per week, and see that rebound to your benefit as your network grows!

I like to work backwards and start with the goal in mind.If the goal is to build a portfolio of properties that build wealth over the long run, then keeping the property makes sense as the property value is very likely to rebound from any corrections in the short term. 

From what I gather, the odds are not good that the local economy will rebound any time soon.