Cities shrank and then grow

It’s a rebirth of the dead. But it’s rebirth of the cities.
As the civilization progressed and industrialization crept in, the cities developed. People came in and they crowded the cities, which were small villages with smaller population. The increase was high, even higher than the percentage increase in total US population. Then as time passed by they started losing people. People started leaving the cities. The population came down. Pittsburg, Pa, Wilmington, Del., Buffalo, N.Y., and Detroit etc are some of the cities where the population came down dramatically. The percentage fall was from 45 to 65 percent.

Now, the scene is different. The cities are bouncing back with increase in the population numbers. And this brings in opportunity for the investors – the real estate investors.
The results are from the three-year Shrinking Cities project, which was sponsored by Germany’s Kulturstiftung des Bundes (Federal Cultural Foundation).

Now the big questions is- “Which cities will return?”
According to the study done, cities with some specific features will only return. These specific features are –
1.Oil prices- Those cities, which will demand lesser oil, will do better than other cities. Walkable cities will save oil and so save money. People are more likely to stay in such cities.

2.City’s past performance – The city’s past performance will also decide which city will be back. Undervalued cities will have more chances of doing better this time.

3.Shift of reliance- If a city is able to shed off its reliance on the falling industries and able to find some new industries to catch up, then it is likely to do better.

There will be more opportunity for better earning in the real estate investments. So, take your pick and invest wisely for a many fold increase in the price.