Trying to anticipate the market - Dangerous?

[Michael Renna]

Hi All,

My hometown of Austin Texas is in a huge growth cycle. The home prices could be argued to be overvalued, so I wanted to look at alternative nearby towns. I came across Bastrop, TX. I found a charming home that I could live in and watch as over the next few years Austin will continue to expand and I could watch the value of the land in Bastrop continue to rise. I've oversimplified my theory, but I would still appreciate any experience other investors have had.

Thanks!