Hot Markets in the Upcoming Crash

[Garrison Bowers]

I am interested in hearing opinions from current investors in the SE (Atlanta, Tampa, Orlando, Charlotte, Columbia) and TX - what are your thoughts on the impacts to your various markets? Do you see higher or lower income housing being affected? Multifamily peeps feel free to jump in too. 

I keep warning people not to get over leveraged and that opportunities are coming - they don't see it as a possibility in our market (Charlotte, NC), and keep saying how hot it is due to the NY and NE moving down here in droves (which is true). But unless we see a government bail-out for the unemployed (20-30 Million) we are going to see a bevy of foreclosures, which is going to drive the market down on its own - irrespective of people trying to get out before they go underwater, which theoretically should drive prices down even further. 

Again, open discussion - all informed opinions welcome!