Insider Finance - Business - Cities where home prices could crash

Hello, Insiders. This week we’re exploring the state of homeownership. Today, I want to talk about the rise of Zoomtowns. That’s the term for previously overlooked crannies across the US that have swelled with an influx of remote-working outsiders — leading to big impacts on the local economies.

Bozeman, Montana, has earned the nickname "Boz Angeles” because of all its new transplants. Austin, Texas, residents are being priced out of their town. Boise, Idaho, initially saw a huge homebuying boom — and now, its bubble is starting to bust. 

Experts say Zoomtowns could make rent and housing prices go down in other places. Of course, NYC is still expensive. But California’s housing market is cooling, and there are actually affordable places across the country. And speaking of housing … I’m sharing your responses about Florida below. First, the news.

— Nicholas Carlson

Ketamine is being sold as a mental-health wonder drug. For some, it’s making everything worse.

It’s been described as a wonder drug. A depression treatment. A mental-health panacea. You’ll find it at raves and parties, and increasingly at a growing swath of VC-backed psychedelic therapy startups.

But while ketamine is far less addictive than, say, opioids, some people are still finding themselves hooked. One NYC physician until recently had been using the drug daily for almost a year and a half. “It was all I could think about,” she told Insider, “and it was all I wanted to do.” 

The number of people using ketamine exploded at the start of the coronavirus pandemic, when escaping the world was less a choice than a survival tactic. But its addictive potential and long-term effects aren’t widely understood. And as it becomes increasingly accessible, some are sounding the alarm.

Insider’s Anna Silman takes stock of ketamine’s impact: its supporters, its detractors, and the people who can’t resist it — and who are suffering the consequences.

I wondered what the heck was going on in Florida — the fastest-growing state in the US. Sunshine State readers unloaded on me. There's just something about my home state of Florida. Love it or hate it, one thing's for sure: Insider Today readers can't stop talking about it. 

My inbox was overflowing with responses. From one resident’s message to those thinking of moving to the state (“Welcome to Sunny Florida. Population – FULL!”) to notes about rising prices and hectic traffic, we compiled some of your best responses here. Give it a read, and let us know what you think: insidertoday@insider.com.