The guys who shorted the housing market in 2008 are buying water rights in the mountains. Not a good sign.
Rural land is looking better and better. If only I had the spare funds…
Anecdotally it seems like there’s surprisingly high interest in finding property way out on the edge of metro areas. Not the complete boonies, but out beyond the exurbs, i.e. beyond comfortable commuting range. Definitely true here in the Minneapolis/St. Paul area and I saw a story (somewhere?) a few days ago about a similar trend in St. Louis.