Pretty simple economics. Utah has an abundance of jobs and relatively lower cost of living. Utah also has a shortage

Apr 9, 2021
10:32:43am

RoaroftheCougartails Rogue Jedi

housing. You nailed it, just simple low supply and very high demand along with insane interest rates. It will eventually correct itself. That just how it works.

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RoaroftheCougartails

Bio page: RoaroftheCougartails
Joined: Mar 16, 2016
Last login: May 4, 2024
Total posts: 3,863 (205 FO)

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Messages

Author

Time

I don’t buy the “it’s all the Californians moving in” home price explanation.

stenso

4/9/21 10:28am

Nearly every story about what Californians are doing is social-media driven

Memmo

4/9/21 10:29am

Pretty simple economics. Utah has an abundance of jobs and relatively lower cost of living. Utah also has a shortage

RoaroftheCougartails

4/9/21 10:32am

I’ve been wondering why there isn’t a housing collapse in California

jxncoog

4/9/21 10:35am

California is a LOT larger population- small numbers leaving equal large numbers arriving in small market

BeyondTheMark

4/9/21 10:45am

I have friends trying to buy up and down the east coast and it’s the same story

4thand19

4/9/21 10:35am

We've been looking at MT, it's the same there, too. Multiple offers within days

cougarmeister

4/9/21 10:49am

Wasatch Front housing prices will rise just like the Bay Area (let me explain)

4mack

4/9/21 10:46am

The limited availability of land near SLC isn't due to Federal ownership

cougarmeister

4/9/21 10:56am

99% of those mountains are federally owned

4mack

4/9/21 11:00am

It's a geography problem, not an ownership problem.

cougarmeister

4/9/21 11:22am

There are ways around that.

stenso

4/9/21 11:07am

I think a big reason is that people don't stay put anymore. Which is funny

JAGA97

4/9/21 10:54am

It’s lending/debt.

GeraldGarner

4/9/21 10:54am

For sure. Banks are back to giving loans to people who have no business with one

JAGA97

4/9/21 10:56am

And for years now they have been selling what are basically the same investment

Nat Gas Man

4/9/21 11:18am

I mentioned yesterday that my SLC neighborhood has had a lot of turnover in the

rivercitycoug

4/9/21 10:56am

Look at this chart of Puget Sound housing prices. Our home SE of Seattle has gone up 25-30% in the past year.

Zenoch

4/9/21 11:28am

Prices are going up here in CA. On top of already

nomomtn

4/10/21 5:04pm

Well they won the lotto, but the ticket can only be cashed on the way out

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