Good morning from Minot, North Dakota.
If you're a fan of Mutually Assured Destruction, you know it for Minot Air Force Base, home of the 91st Missile Wing of the USAF, which is charged with keeping the world in the crosshairs of our Minutemen III ICBMs.
But if you're a petrochemical enthusiast, you know it as the great metropolis of the Bakken Oil Shale, which has only recently begun yielding oil and natural gas thanks to the wonders of hydrofracking.
It's the second reason that brought me here. Sort of.
The oil boom in Western North Dakota has put a strain on the region's infrastructure in every regard. My purpose here is to take a look at investments in housing for the booming population to see if they make sense for me; a slick talking Easterner who can't slick talk his way around the high prices and weak returns of the Northeastern real estate markets.
So far it looks promising. Conservative estimates suggest at least 30 years of hydrocarbon extraction, and the short construction season makes it hard to saturate the demand-heavy housing market in a timely way. As developers build cheap, fast, and low-density, housing prices should remain high (comparable to Manhattan for renters!) for the forseeable future.
My first impressions are mostly pleasant. I thought I was coming to the asshole of the world. I read Son of the Morning Star, and I was expecting horseflies the size of my fist, dust-storms, and suffocating heat. In the words of the USAF fact sheet, "Yes, it can get cold in the winter, but it also gets very warm during the summer." I've lucked out though. The forecast for my trip is sunny and 80 degrees.
Having lived in the Midwest, this place seems like Illinois, but more so. It's flatter, the people are nicer, and the service is slower, as I learned trying to get a cab from the airport.
The main street of Minot is Broadway. Driving it end to end tells you most of what you need to know about the people of this city:
1. Their favorite pastime is Lutheranism.
2. The principle form of nightlife is the Lounge Casino (more on that in a bit).
3. Minot is known as the Magic City.
4. Most fast food places are open 24 hours.
Last night, I acquainted myself with the lounge casino concept by completing the Dirty Old Man Triple Crown:
1. I went bowling alone, and rolled a 74!.
2. Hung out alone in an bar, where even the bartenders won't talk to me. It's owned by a Yankees fan. Being from Minot, he could go with any MLB team he wanted. He choose the one with the most tacky framed merchandise.
3. I played $1 blackjack, sponsored by the Minot Junior Golf Association. The chips feature a cartoon mouse holding a flag that says 'Wee Links.' The dealers wear a shirt with the same emblem.
... all at the same establishment.
In future installments, you'll hear all about my adventures in the Upper Plains, such as: tackling the Faulkneresque social structures of rural North Dakota, saving Dacotah culture, winning back my dollar blackjack losses, and reviewing the best Buffalo Steaks in Ward County.
It's all here in the Psychoeuphorology Today Wild West Road Show!
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