Newsflash: What is the long-term outcome of an area that is heavily dependent on retirees/tourism?

Hi,A pretty general question – but was wondering about the economic/real estate effects on an area that is heavily dependent on retirees and tourism. Many people relocate to this area after retiring because of the low COL. They come here after a lifetime of making a lot of money in high COL areas like California.Any thoughts about an area like this? Is it a good potential for growth or a big risk to invest in?

Read more at https://www.reddit.com/r/RealEstate/comments/6phpzx/what_is_the_longterm_outcome_of_an_area_that_is/?utm_source=ifttt

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