The valley has a booming wine and food industry as well as three colleges (two private and one community college).

The metrics that I have incorporated into my are as follows:- Median Home Value- Median Rent- Median Household Income- Poverty Rate- SNAPS (Food Stamps) Rate- College Graduation Rate- Vacancy RateI have chosen these because I believe that these metrics give the best indication as to the "risks" an investor will face when selecting a location to allocate into. 

Positives - they just built an expensive (relatively) convention center, getting a 240million dollar casino and have job commitments and dollars coming in from steel, food processing, manufacturing, life science, plus a large hospital and new medical centers.

It could very well be that your real estate deal is a better way to go as I don't know cash flow potentials that you're looking at, and know that real estate in CA could drastically appreciate, but just food for thought. 

Maybe on that water feature, with an outside dining option.Farm fresh foods, with good wine and mixed drinks.It might be too small for that though.Just my 2 cents.

First, there is food from 5:30-6:30.

If there are Starbucks and Whole Foods then that's great, if all you find is Discount Liquor and Dollar General then the demographic of those locations will be very different.

Another bonus to my rental strategy is all the food and booze that renters leave behind.

Also, Victoria has some of the best "Tex-Mex" food in the state.

Lumber will go up as will shingles, solar panels, electric cars, chicken, tires, pants, dog food.