Ghost Town USA

Ghost Town

All those cities that were once booming with hype are now becoming ghost towns. Here is an interesting article I read that really sums up what is going with Vegas and Detroit. One industry cities are hurting bad and from now on should you should factor that in your investment strategy. Diversity is the key so when you invest. I like to look at the prospects of jobs coming to a city before I decide to invest because job growth is the key to real estate appreciation. Before real estate bounces back and it will in a BIG way, jobs are going to have to increase first. People need work before they start buying properties again. Until that happens we will have to settle on buying these properties for very cheap on the dollar. Read the article below and BLOG your thoughts
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