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The only people I see moving to the area are illegals coming to find jobs building more houses - that, incidentally, they could never afford. You work in the biz, you know the market is flooded. You know that the existing home sales are in the toilet due to all the new construction. You know that the new construction biz is in the toilet due to intense competition between cash strapped builders. You also know that foreclosures are through the roof due to flippers getting stuck on investment properties. Rentals are going empty, and a rental price war is inevitable - further exacerbating the foreclosure rate - since landlords will be taking less rent in than the mortgage demands. Build less, increase demand, preserve the ecology that draws people here.
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