Foreign investment is very important for the continuation and development of the country’s major cities.
About half of the city’s population is made up of residents who rent rather than own their own homes. As a result, the city of Pittsburgh encourages foreign investors and allows for higher returns than its larger neighboring cities.
In addition, city laws are biased in favor of investors, such as there being no control over the rent that can be charged, the manner in which rent can be increased, or the amount of late fees that can be charged for late payments.