IT’S TIME TO INVEST IN CLEVELAND
Why is everyone going on about Cleveland Ohio all of a sudden ? You might ask who exactly is going on about it, well here are just a few: CNN Money – “Cleveland’s skyrocketing rental amounts, Cleveland is in the middle of a building boom. In fact, some of the approximately 16,000 hotel rooms that are booked for convention visitors are still under construction and expected to be finished before the event” Trulia’s Chief Economist – “All of the most undervalued metros today are in the Midwest and New England, led by Cleveland and Akron” Wall Street Cheat Sheet – “Cleveland number 2 housing market in America for home buyers” NBC News- “Cleveland Rocks” ,the Republican National Convention recently named Cleveland as their headquarters for the 2016 U.S. Presidential Election” Coldwell Banker Listing Report – “You could buy 30 family-size homes in Cleveland, America’s cheapest market, for the price of a single comparably sized home in Silicon Valley’s Los Altos, California, the most expensive market. NUwireinvestor – “Cleveland combines a solid business infrastructure with education, lifestyle and an affordable cost of living. The universities attract researchers and students from around the world. The city has a great orchestra, museums and recognised sports teams. There are miles of park trails, the shores of Lake Erie and The Rock and Roll Hall of Fame. All of this adds up to make Cleveland a great place to live and work, and thus an attractive investment climate for rental real estate…” So that is what people are saying but lets looks at the facts: 70% of Fortune 500 companies have a presence. Cleveland is among the Top 10 job markets for new college graduates – (CNN) Rent demand is at an all-time high. Northeast Ohio boasts a regional economy of $170 billion. The region is undergoing nearly $11 billion in major capital investment Cleveland has the fastest growing healthcare economy in the U.S. Home to 27 area colleges and universities. As you can see there are a number of great reasons to invest in Cleveland Ohio and always remember a Buyers best asset is his knowledge. When looking at investing in the US housing market you need to consider some key elements, the local economy, the rental rates and levels of unemployment. Knowledge will take you from being a “good” investor to becoming a great investor.