I would not be surprised if it continues to climb for a couple more years then settled down to 2013/2014 levels.The rental market has always been very stable here, even through the housing crisis so I feel that if I buy an investment property now, even if the price is inflated, the rental income will be a good hedge against the coming correction.Now I'm certainly no RE pro, far from it, so these are just my observations based on living here for 30+ years, so take it with a grain of salt.

I will observe and absorb everything he does and then learn.

Just an observation and my opinion as an outsider, since I have no Texas property nor any ambitions to own in TX (or any other state besides NC, SC) regardless of their economy.

. :) So just take it as an observation from a noobie.

Maybe you should sit back and observe a little more first.  

Hi Kyle,I had made a post the other day about my observations for success in this industry and while I agree with many of your suggestions there is one I definitely don't and that is on the professional photographers.

The most casual of observers can check zillow and see that the medium home price in Honolulu in July of 2006 was 566k, and the market was down from there until it came back to that price in july of 2013.  

Still, I'm trying to observe what the market is doing.  

Martin Your next steps sound exciting.I always enjoy it when we are finding a new advantage to pursue.Even when the new advantage is tiny or immaterial it is fun and smile worthy.The models I observed in Spain seemed to benefit greatly from multiple listings in a single building, as you are planning.I've been impressed by what will rent. 

I haven't observed the kind of hand-wringing and awkward conversations typically associated with massive layoffs and job scarcity in the O&G sector.