[rktman]

Bust? Someone needs to visit the Reno/Sparks market. The builders here are throwing up houses and apartments like there’s no tomorrow. So much so that there is a push for the city of Sparks to acuire 40,000 acres if federal land on the east side of the current city limits. Infrastructure? Meh! Will get to that eventually.

[woodbutcher1963]

All REAL ESTATE is local. Reno may be hot, but other markets have already busted.
Check out REVENTURE CONSULTING on YouTube. He makes predictions based on what the average consumer can afford in respective markets vs the price of the average house.

The markets that have already had a price correction are:
Nashville
Austin
SLC
Boise
San Fran
Phoenix
Las Vegas
Portland

Almost all of the above markets BOOMED because of the mass exodus from California in the last few years.

Meanwhile there are other markets that MAY not see any price correction in the next couple years:
Richmond
Pittsburgh
Virginia Beach
Oklahoma City
El Paso
Albany
Louisville

ANY real estate market that has DOUBLED in the last five years (not ten) is most likely due for a correction. Real estate markets that have gone up more gradually have more room to appreciate. You can still buy a single family house in the OKC area for $280K. That same house now in other markets is $450-650K.

[ProtectOurFreedom]

Same scenario in the Coeur d'Alene, Idaho area. At least we are spending $22 million on a new Justice Center Building to accommodate all the new crime that comes with growth. How's that for infrastructure?