[quote=cartervj][quote=bama_earl]
It usually takes something to blow up and I am guessing its commercial real estate. I don't think Alabama will be hit hard but I am hearing defaults are coming for all that commerical property in big cites like New York and San Fran. Maybe that's what we need.
THIS! When other states had real estate going up 75-100%. The bull market in Alabama was 20%. When their prices are dropping 25-30%. Here in Alabama - it is more like -5%.
It pays to live in a more conservative state. We don't build wealth as quick, but we don't typically lose it quick either.
