Rick,
Actually the tech stock and panhandle real estate markets are very similar in many respects. Both runups are/were caused by huge amounts of speculation accompanied by lots of questionable borrowing practices (margin accounts in the 90's and short term interest only loans). Speculation is what got us here and its what will cause the big dropoff. Way too much temporary money and speculative lending.
There are much smarter minds than mine or yours pointing to a bubble in specific markets around the country. But, you never know. Markets can be fickle. Time will tell.
Actually the tech stock and panhandle real estate markets are very similar in many respects. Both runups are/were caused by huge amounts of speculation accompanied by lots of questionable borrowing practices (margin accounts in the 90's and short term interest only loans). Speculation is what got us here and its what will cause the big dropoff. Way too much temporary money and speculative lending.
There are much smarter minds than mine or yours pointing to a bubble in specific markets around the country. But, you never know. Markets can be fickle. Time will tell.