Will the bursting R/E bubble hurt some guy in Montana
Drove through Montana/Wyoming/Idaho last summer. The amount of speculative home building to attract investors and transplants from high price areas like California is astounding. There are miles and miles of empty tract homes as far as you can see. They are even priced "Californian" { 300K – 400K for a place where typical prices would have been half that }. This is going to destroy a lot of builders/lenders/investors and speculative buyers/flippers.
