It is a wild world down here.  We are putting an addition on our house.  We pulled the permit and will be doing a lot of the work ourselves to hold down the costs, but hired a shell contractor to build the shell.  Bec...

@Joey Chrisman I don’t know the Phoenix market, though history shows a classic boom and bust and boom cycle.

Rents are high when oil is flowing, but boom bust cycles are very real. 

It's definitely booming lately and has good access to the coast.

-Cleveland, has a lot of cashflow potential, average multiform around $140k. https://learn.roofstock.com/bl...There are other smaller markets like Dayton, Akron, and and Newark, which we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kind of areas.

I have family in Colorado Springs, too, and prices there seem to be a little more reasonable (though the Denver boom, and it's prices, are spreading there too.) 

everyone is telling us that this housing boom is different than the others since banks are so careful now and only lend at 80% value or purchase price max.Second, welcome to the reality of hot housing market.

Things must be booming.

It's a great area and I have already seen a little appreciation on my primary residence that I only closed on 6 months ago.From what I hear people have been waiting for Lake Nona to boom and it seems like it is starting.

Just rinse and repeat.During booming years, together with my partners, we bought and sold over 60 properties in one year (great year 2002!)