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No one could have looked at Houston home prices in the late 80s and predicted a negative rate of return over the next 20 years. It happened though.
Hawaii - With the increasing cost of fuel and the supply of cheap oil about to peak (see Shell email), I predict the ROR will be at inflation.
Vegas - Like Houston, it has a lot of open land. It also has water issues. It's toast - stick a fork in it. Negative ROR.
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