From my perspective, Edmond seemed to suffer more than others from the falling oil prices in 2015.

My first real estate deal was in Alief, Texas.Back in, I think around the 1986-87 real estate, oil crisis "bust combo"A three year old US Home condo, yeah I remember on Turtlewood Court, originally worth about $40,000 and the real estate agent begged me to "put in an offer".

The low priced properties in my area need a ton of work, they have water damage, mold, bad septic systems, failed roofs, underground oil tanks, etc.

Of course, there are exceptions, for example if you have LP gas or fuel oil from an on-site storage tank.

We have done very well by turning lemons into lemon aid and looking at every opportunity.

Those 100 yr old homes in that area have plenty of unique features, as many of them were built to house families who worked for standard oil(Rockefeller Company), or a few other historic companies.

Then compare what Gerald and others paid for the sameThen compare this with industry standards That for me are really not known and snake oil like

As a brit I did consider Orlando, but decided against it as there is so much competition from other indiv, companies not too mention the hotels, when I decided to go to Siesta Key one year for 3 weeks in Dec(not over xmas and the oil spill had happened) it was near on impossible to get a place, so this is what swung it for me.....high demand low supply, 2nd year I owned, SK was name number 1 beach in the USA, ever since near on 100% occupancy, downside is I can't use it myself, but I've got a great neighbour who lives in Nantucket who lets me stay at there's for free if I wann come over as they have their boat in my yard....trade off!!

With the profit I make from my rented out home, i plan on slamming it on the new home, and 6k-8k more a month towards the principle from my career's income (oil field related) and pay the next house off within 5 years.

With the drop in oil prices I am no longer in buyers mode, but am in fixing up major projects, like roofs, and paying off some short term debt used to help buy last year.