Actually I didn't. I was referring the the overall majority that live and work in Idaho, not those that sold a home elsewhere for $700,000 cash and moved in. Idaho has some of the lowest wages in the country. That has to be very tough for them.
If there is ever a RE bubble burst, I would predict it would be in places like Boise Idaho first, where the wages obviously can not keep up with the housing prices.
Sorry for the misread... many times I wonder how people I know can afford their $200k home, the Suburban and the nice car and the wife does not work, but stays at home taking care of the 5 kids!? And those are not the "transplants"... they are the locals.