I am local GC in the Phoenix market that sticks to fix/flip sector.  

I was the Technology sector manager.

What are your thoughts on places with technology as a large sector doing?

Tech and many other sectors are not impacted much.

Doesn't make a whole lot of financial sense, it's a lot of overhead for 'trust' issues.Also, it's probably going to inflationary/deflationary to certain job sectors depending on where you're at. 

In the non-banking sector, income producing/investment properties (SFH and 2-4 units) are treated as commercial transactions because title to property is held in the name of the entity and the investor is the guarantor.

So I moved there wanting to get a decent paying job.I discovered the mega-job growth was in the retail sector paying a measley $8 dollars an hour.

I get the sense that any sort of bubble here would originate from a drastic increase in the foreclosure rate for investment property loans given all the capital that's flowing into this sector, especially as more articles like this one will only further push house flipping into the mainstream with people (even more so than it is already).Like @Chris C. said, "The Big Short" was a way for us to understand that money was being loaned to people who shouldn't have qualified by banks who were being greedy.

If it happens to you, it is a disaster.Job Quantity and Quality - In many parts of the US, manufacturing and similar jobs have gone away and what remains are service sector jobs.

For example, millennial's might prefer a mixed-use development in a city whose IT/Finance sector is emerging vs a tenant profile of baby boomers in a retirement sunbelt area.