Any North Dakota landlords getting in on the gold rush?

[Gregory Montalto]

It looks like the Wild West out there right now - literally!

Any North Dakota landlords want to share the scoop on what is was like before, how it is now, and what the prospects are for the future?

Exciting times it appears.

• A 700-square-foot, one-bedroom apartment in Williston costs an average of $2,394 a month, according to Apartment Guide, an online website for apartment hunters. The same apartment would cost $1,504 in the New York area, $1,411 in the Los Angeles area or $1,537 in the Boston area, the Williston Herald reported.

http://abcnews.go.com/US/wireStory/rent-city-williston-exceeds-ny-la-22539243

[Mike D'Arrigo]

MacDonalds is having to pay workers $18 to be competitive and attract people. Salaries are going through the roof a long with housing prices From my own research though, it's a high risk market. Commercial developers are reluctant to invest their and consequently, they're not building malls and office complexes necessary to support long term population growth and housing. Most of the people working in the oil fields are not putting down stakes and moving there. They work there and send money home to their families. They're not buying homes which could be good for rentals. I just worry about where it will be in 5 years. Maybe I'm missing the boat but I see it as risky. I can see a great big bubble in the future.