I got to thinking the other night about the alleged real estate bubble. I realize that the most overinflated housing stock is in the "sizzling" coastal markets, but I still can't help but be concerned about the effects of a real estate crash on our downtown housing plans.

Condos, townhouses, etc. being proposed are all in the 200k plus category. We've all discussed how this price point is a bit of a stretch for OKC in some ways.
But on that point, whenever developments like that go up, a good percentage of the buyers are institutional or investment oriented, hoping to "flip" the properties based on the perception of rapidly increasing value.

If there is a nationwide real estate bust, will all of our downtown housing plans get shelved? Will we be facing another 20 years of relative inactivity on the investment side downtown?

What, in your opinion, is likely to occur?

Similarly, how will a fuel-price-driven recession affect such plans?