Invest in Oil Boom Area

[Levi Pollard]

What are your thoughts on investing in an oil boom town?

North Dakota right now has one of the best economies in America. Solely because the oil is driving everything. Rents are through the roof! I have shied away from investing here for the fact that it may not stay like this forever. There are plenty of signs that the market is here to stay. But is the speculation worth the risk? The housing prices have doubled in the last 3 years. You can still find a fixer every once in a while for around $100,000 but these houses were only $50,000 3 years ago.

Any thoughts?