My point was in relation to the flip trade – they’re not that interested in 6% YOY increases. Getting 3% over CPI is not part of their fabulous wealth building system. You can argue that 6% YOY for 2006 isn’t going to get you to an overextended market.
I agree about Reno – it looks a lot better to me than Texas. Heck, I’d take Las Vegas (once it settles down) over Texas.
