Condos are usually the last to benefit from a booming market and take a nose dive during downturns when banks stop lending on them.

Boom she’s gone you keep the security deposit.  

There was an oil boom in the region that directly impacted the real estate.

What difference does a boom or bust make with regard to a rental property?  

Here in the USA we're facing 5% rates recently, so over 30 years, your $250K house will actually cost $375 including interest and that does not include property taxes, maintenance, repairs, insurance etc.She said the catch is (at least in areas outside of Tokyo which is booming up to the Olympics), is that used real estate is very cheap so after you buy a home it's guarantee to drop over the years.

The luxury market of San Francisco is also known as a boom and bust cyclical market. 

I'd like to know what that is (or maybe I just have to contact them for that), because my neighborhood is so new and booming that every agent and investor I've talked to in the local area is hard-pressed to make solid evaluations beyond what sale prices are tending to pop up.

Also, other properties that I love in booming cities are maxi-storage or light industrial buildings that contractors or service providers can call home for their businesses. 

You can have the option when the real estate economy is in a different place....when you can buy turnkeys in booming markets so you end up getting a good bit of appreciation on them over a couple-few years (like Atlanta in 2011-2012...all my turnkeys there have doubled or tripled in value since). 

This shows a booming area.In reality the truth is somewhere in the middle of dwindling & booming.