When your looking at areas to invest in long term you want to also consider cost of living, Jobs and other things that may effect the economy locally good and bad. I want to talk about the Northern Ohio economy and what is going on here that will effect it's economy.
You need to look first at the condition of the state and it's debt. In newsdemocrate.com they say the following about the two year Balanced Budget Report
"In addition to closing the $8 billion deficit, the budget also eliminates the estate tax and provides more than $300 million in tax relief annually for farmers and small business owners to keep enterprises in the family for generations, establishes programs to retrain workers who have lost their jobs and provide benefits to business owners, reworks the way Medicaid and Medicare work, and more."
Then I focus on the community itself and the types of new business's coming in to that area. A great example of that here would be the Medical Mart coming into Cleveland. I think Cleveland.com say's it best
"The medical mart is part of a $465 million, taxpayer-financed convention complex. The mart, designed to lure doctors and hospital administrators to see new medical technology and take continuing-education classes, has five other paying tenants: Philips Healthcare, GE Healthcare, Johnson Controls, the Cleveland Clinic and University Hospitals."
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Lastly here is a story that talks about the investment growth in the Cleveland area. The article talks about Investments going down nationally. In Cleveland area the investments were up 33% again showing a positive trend and bucking the national average. The story comes from m.prnewswire.com
" Information technology/software continues to be an important area of growth for Northeast Ohio, with 46 companies collectively attracting $40 million in venture capital. But, as in previous years, health care is the strongest-performing sector in Northeast Ohio overall, also outpacing national trends. Thirty-five (35) companies collectively attracted $141 million, with medical devices and equipment ($64 million) and health care services ($50 million) leading the way."
So you can see why investors are flocking to the Cleveland area. The Real Estate returns exceptional and affordable. Looking at the economy here and the States financial health makes it a beacon of investment opportunities. Brett Young Rooftopinvestment.com