I am in the Indianapolis area which has the same Midwestern feel but much more economic diversity. 

I keep hearing that it makes sense to focus on markets that have strong economic and population growth, but there's really no overlap between population growth, economic growth, low prices, and low taxes.So my question really is, what's the best way to get out of this?

As another poster mentioned rates are lower than they've been in the previous 18+ months but unless some very surprising economic data comes out between now and when you did your refi it seems unlikely that rates are going up in the short term and there is at least a decent chance that rates drop a little more before then. 

Learn to write well, finance, economics, engineering.#6. 

I would be wary of buying a home in a residential neighborhood in ABQ with the goal of having a STR: Only CA rivals NM in terms of economic governmental tampering.

Doesn’t matter economics of town or citizens.  

You deduct all of this in the first year, and you have a big tax loss (and an actual economic loss).

I expect economic activity to slow, rate cuts to deepen, housing activity to accelerate and USD purchasing power to continue weakening.  

If Phoenix MSA is a little frothy, I am a ballerina in Moscow Ballet.  

Simple economics, supply and demand.