Small cities in America’s Mountain West are booming
economist.com
Small cities in America’s Mountain West are booming
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Re: Small cities in America’s Mountain West are booming
#2It's pretty funny to see the economist, founded in economic liberalism and against a rural idle aristocracy, semi-chearing-on more government-subsidized shit suburbanization.
Re: Small cities in America’s Mountain West are booming
#3It's pretty funny to see the economist, founded in economic liberalism and against a rural idle aristocracy, semi-chearing-on more government-subsidized shit suburbanization.
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Re: Small cities in America’s Mountain West are booming
#4Great, you can work from. So you take your California money to middle of nowhere and buy a home for cheap. Renovate it and now it’s awesome.
However, that local, who isn’t making California money, that is working a local job and making local money and is hoping to move up in housing for their family is priced out because housing pricing has doubled or even tripled.
People that wanted to retire to rural or remote areas where pricing is traditionally cheaper are now fucked over.
Sure, the owner didn’t need to price their home higher. Sure, whatever the market will bear. It still doesn’t mean it sucks less for the couple with a baby on the way hoping to buy a home in their home town that is now double and triple the cost.
No, I haven’t been personally affected by this. I’m just worried what is happening and will happen around the US in the coming years.
Re: Small cities in America’s Mountain West are booming
#5Great, you can work from. So you take your California money to middle of nowhere and buy a home for cheap. Renovate it and now it’s awesome. However, that local, who isn’t making California money, that is working a local job and making local money and is hoping to move up in housing for their family is priced out because housing pricing has doubled or even tripled. People that wanted to retire to rural or remote area…
1. Housing cannot be both affordable and a good investment.
2. This is how gentrification works. Many of these folks are coming because they’ve been priced out of wherever they’re coming from.
3. Housing can’t be both a right and subject to free-ish market mechanisms.
Re: Small cities in America’s Mountain West are booming
#6I can't imagine what people in America are fleeing from. The US is a paradise of tranquility. Utopia from sea to shining sea.
Re: Small cities in America’s Mountain West are booming
#7Great, you can work from. So you take your California money to middle of nowhere and buy a home for cheap. Renovate it and now it’s awesome. However, that local, who isn’t making California money, that is working a local job and making local money and is hoping to move up in housing for their family is priced out because housing pricing has doubled or even tripled. People that wanted to retire to rural or remote area…
1. Housing cannot be both affordable and a good investment. 2. This is how gentrification works. Many of these folks are coming because they’ve been priced out of wherever they’re coming from. 3. Housing can’t be both a right and subject to free-ish market mechanisms.
> 1. Housing cannot be both affordable and a good investment.
One is technically wrong. It can't be both a good investment and remain affordable. It can be both affordable and a good investment in the present, with prices rising over time generating a good return and making it increasingly unaffordable.
Re: Small cities in America’s Mountain West are booming
#8Great, you can work from. So you take your California money to middle of nowhere and buy a home for cheap. Renovate it and now it’s awesome. However, that local, who isn’t making California money, that is working a local job and making local money and is hoping to move up in housing for their family is priced out because housing pricing has doubled or even tripled. People that wanted to retire to rural or remote area…
> However, that local, who isn’t making California money, that is working a local job and making local money and is hoping to move up in housing for their family is priced out because housing pricing has doubled or even tripled.
Wouldn't be remotely a problem if they just built housing to meet the demand. Go take a look at property values in Bozeman and then look at the empty land all around it. There's plenty of room, but the zoning laws destroy supply and enrich current home owners.
Re: Small cities in America’s Mountain West are booming
#9Great, you can work from. So you take your California money to middle of nowhere and buy a home for cheap. Renovate it and now it’s awesome. However, that local, who isn’t making California money, that is working a local job and making local money and is hoping to move up in housing for their family is priced out because housing pricing has doubled or even tripled. People that wanted to retire to rural or remote area…
Greg Brown sang about it in 1995: https://www.youtube.com/watch?v=SO2EuOLGJKM
Re: Small cities in America’s Mountain West are booming
#10Great, you can work from. So you take your California money to middle of nowhere and buy a home for cheap. Renovate it and now it’s awesome. However, that local, who isn’t making California money, that is working a local job and making local money and is hoping to move up in housing for their family is priced out because housing pricing has doubled or even tripled. People that wanted to retire to rural or remote area…
That local may well have a better paying job because more people are moving into the area.
Also, it's the US mountain west. There is a lot of space there to build more houses.
Housing isn't a zero sum game unless you have poor zoning.