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Mar 1, 2021
3:44
:45
pm
Diddy
All-American
There are greater physical challenges than other western cities with explosive
growth like Phoenix or Las Vegas. You've got mountain ranges and two big lakes constraining things.
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Diddy
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Diddy
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Messages
Author
Time
For those who think Utah is in this temporary housing bubble....
macdizzle
3/1/21 3:34pm
Those are all factors, but the biggest factor is insanely low rates. Once rates go back up, demand for housing will
Pimpin4Paradise
3/1/21 3:38pm
^ if rates go back up
Heath Squashwell
3/1/21 3:40pm
“If”? Are you suggesting they will not?
Big Daddy D
3/1/21 3:46pm
I don't expect rates to increase because our federal government can't afford it!
DoseOfReality
3/1/21 3:57pm
At the tipping point there is no other option. We are not quite there obviously.
Big Daddy D
3/1/21 7:11pm
my brother the liberal thinks we don't have to worry about the debt bc a country
BYU Grounds
3/1/21 7:44pm
actually there is a huge difference between a currency issuer going into debt
Nat Gas Man
3/1/21 7:48pm
that is exactly what he said, when times are good "print" money to spend, pay de
BYU Grounds
3/1/21 10:13pm
I know rates will rise. But certainly in times like these it's hard to see.
Heath Squashwell
3/1/21 10:09pm
When
Coug-de-Lyon
3/1/21 4:30pm
Great point. I don't know that it dramatically changes overall demand, but just
macdizzle
3/1/21 3:41pm
Agreed. This will be the result of increased rates. Demand stay strong. Bang for
TarCoug
3/1/21 3:44pm
$500k homes are no longer worth that if there is nobody to buy them. So it's still a function of supply and demand.
Pimpin4Paradise
3/1/21 3:45pm
Plenty of Californians willing to pay that still
Mike Honcho
3/1/21 4:23pm
This makes sense but historically rates go up because there is inflation which
johnnybyu
3/1/21 4:34pm
It didn't slow when it was in the 4's. I doubt it will slow enough to mean
Lip Gallagher
3/1/21 4:51pm
^This, especially for the >400k range
flyzag
3/1/21 6:37pm
Why can't supply catch up? Won't more builders jump on the wagon?
Ryan M
3/1/21 3:42pm
Why haven't they to this point? What I've heard them say is they can't secure
macdizzle
3/1/21 3:44pm
There are greater physical challenges than other western cities with explosive
Diddy
3/1/21 3:44pm
Because people don't like high density housing next to their house.
All-American
3/1/21 3:46pm
My FIL runs the homebuilding arm of a large Utah builder.
rad dawg
3/1/21 4:20pm
The other issue is water rights. Some water basins are already fully allocated.
DwigtA2RM
3/1/21 4:37pm
These giant things called mountains. Area is maxed out except WJ.
Lip Gallagher
3/1/21 4:48pm
The cost of building has gone up a lot as well
RockyBalboa
3/1/21 3:44pm
Lehi high school went 20 million over budget due to construction costs...
1984coug
3/4/21 6:43am
What?! Oh crap that’s gonna be another bond
BYU Grounds
3/4/21 9:23am
I hate buying during the peak, so please keep going up.
TarCoug
3/1/21 3:45pm
I heard this before. You may be right. But we are going on 13 year bull run in R
Iman23
3/1/21 3:46pm
Something inevitably happens. It will go down but maybe not very sharply in Utah
pink22
3/1/21 4:01pm
Truth. There is a long line of out of state buyers waiting to buy here and no inventory.
dryflyelk
3/1/21 3:46pm
Salaries in Utah aren't high enough to justify the house prices and investors
donnerstag
3/1/21 3:49pm
Also lots of kids and people that still like having kids. Internal growth projections were already strong
Grit for Brains
3/1/21 3:53pm
Yeah...they’re crazy.
pink22
3/1/21 4:02pm
A couple of things that people wont look at.
rad dawg
3/1/21 4:04pm
I suspect the recent mortgage demand drop is more refinance than purchase
DC12
3/1/21 4:06pm
Refinance data is separate. Those are down even more.
rad dawg
3/1/21 4:09pm
Interesting- not sure what to make if that because demand still seems so strong
DC12
3/1/21 4:22pm
One other factor is the number of Airbnb properties
Nat Gas Man
3/1/21 4:08pm
what about when y'all move to Missouri
fulano
3/1/21 4:07pm
sellers don't want to be buyers right now, so they're not listing their homes.
BYUFBDAD
3/1/21 4:11pm
Buy high, sell low. This is the way.
Coug-de-Lyon
3/1/21 4:34pm
Why do you believe the California migration won’t slow down?
lilpenny
3/1/21 4:41pm
its always temporary BUT the factors you named makes the question,"when will it
BYU Grounds
3/1/21 4:54pm
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