What metrics do you look at to determine market strength?
I was curious what metrics you all look at to determine strength of a market. Other than the obvious, like rent growth, vacancy, % home ownership etc. How do you determine the viability of a market? If you had $2m, where would you buy a multifamily property (5-20 units) right now, strictly on projected market growth? If it was not clear, this is specific to multifamily, however interested in metrics for other sectors as well.