Yeah - but how much is her condo worth *now*?Quote:
Originally Posted by neckdeep
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Yeah - but how much is her condo worth *now*?Quote:
Originally Posted by neckdeep
Tree-fiddy
:fm:Quote:
Originally Posted by rideit
Two people or a small family may be able to afford a mortgage on $280. I'm not saying its not a shit box worth $99k. I think the term is "Park Model". Here are the one's round here. https://rockies.craigslist.org/reb/d...673233854.html
Plus a shit ton of lot rent, amenities and such. Where is that at Victor?
Is that barnwood pattern laminate on the island and counters? Hard passQuote:
Originally Posted by Foggy_Goggles
Attachment 473170
Tacky pretending to be fashionable
Bro, do you even ship lap?
Plus check out the lambo doors on the cabs. These are trailers.
https://www.realtor.com/realestatean...=srp-list-card
This one says no HOA or fees which is bullshit.
Units in her condos peaked at $550K but have come down some.Quote:
Originally Posted by skaredshtles
My point is, if these shitboxes are worth $280K, then the condos are worth $750K. But they aren't. Never got close to that.
Just saying, something is seriously fucked up if $280K buys you less than one third of what $525K can get. This is just gouging the desperate workforce, plain and simple.
just leave the snow blower up there all winter & callergoodQuote:
Originally Posted by AdironRider
What are they supposed to build time machines so people can go back 5, 10, 50 years when property was affordable? I'd think the only folks buying are business owners for their employees. Probably fine as a free/subsidized rental that goes with your unskilled service job.Quote:
Originally Posted by neckdeep
High density zoning and a mixed income 10-12 story mini towers would be better ways to solve the housing crises in these places but all the local karens would flip out and probably kill the developers or politicians if they allowed them.
The 90 unit apartment complex got preliminary approval in my hood despite some trulya gross Karening. I'll let you know what the rent is in a couple of years.Quote:
High density zoning and a mixed income 10-12 story mini towers would be better ways to solve the housing crises in these places but all the local karens would flip out and probably kill the developers or politicians if they allowed them.
Oh...weird take on "Unskilled Service Job". What actually would that be? Like no skills?
The only reason the shitboxes can sell for $280K is because there's nothing left to rent long term. There's nothing to rent because a full 20% of ALL the residences in the valley are now STRs. 1 in 5 of all houses! This nonsense is what happens when the dirtpimps run the show.Quote:
Originally Posted by DoYou WannaDance
Like I said, a massive festival of greed, mostly fueled by a runaway STR market that just stomped the shit out of this place.
Wasn't trying to put down any jobs. Service/seasonal/transient etc. Mountain towns were mecca's for folks in these industries until recently when they all of a sudden had nowhere to live.Quote:
Originally Posted by Foggy_Goggles
You think people will be taking out mortgages to actually live in these trailers? Of course not.
Why not?Quote:
You think people will be taking out mortgages to actually live in these trailers? Of course not.
Its probably higher than 20% those are the ones actively listed. Can't see any restrictions being put in place though considering most of the long term residents and home owners likely have their hands in the cookie jar in some way or another.Quote:
Originally Posted by neckdeep
Only solution is to keep building but asshats will just cry about all the 'traffic' in their remote exclusively white destination towns.
High mortgage rates high monthly payments low confidence they can recoup on a sale in the future when they aren't brand new. High HOAs and taxes relatively speaking no lawn or land etc etc. You going to buy one?Quote:
Originally Posted by Foggy_Goggles
FIFYQuote:
Originally Posted by AdironRider
I’m not sure you quite grasp how dire the housing/available inventory/costs are of any other option currently. (These would be by far the cheapest thing you could “own”, lol).Quote:
Originally Posted by DoYou WannaDance
But yeah, I’m gonna guess a lot of them will end up as managed rentals.
Hopefully long term only.
You're not alone neckdeep.Quote:
Originally Posted by neckdeep
https://ktvz.com/news/bend/2023/10/0...artment-units/
Thing is though, this was supposed to become the worker community for J-hole. We weren't a destination town and we sure as hell ain't exclusively white. 1 in 6 people here are Hispanic. We don't have "mountain town" infrastructure.Quote:
Originally Posted by DoYou WannaDance
But, if $280K only buys this Driggs shitbox, one really has to wonder what the fuck J-hole is going to do for workers. This is really undermining a lot of predictions in regards to how Jackson's economy was going to stay functional.
Is their a listing for 280? That seems low, the shitty new townhomes across the street are sitting at 550-650+. There are dozens of them not selling.
There's a ton of these units going up next to creekside and I don't think they're having much luck moving any hence the bulk discount. https://www.zillow.com/homedetails/3...94658437_zpid/
The new one's 10 feet off the highway at South Bates didn't sell in bulk for the 2.5 million they were asking for 3 units so they've got them for sale individually.
https://www.zillow.com/homedetails/6...5511667_zpid/?
I have to think these developers missed the peak and are losing their ass these units sitting vacant?
That's what I'm saying. Some of this shit just don't make a damn bit of sense. It's degenerated into the dirt pimp festival of greed again, just like in 2007. Fuck tons of outside money and would-be players drawn to an overheated market like shit flies to a big ol' turd.Quote:
Originally Posted by snapt
Once again, hardly anything good came from it. The county still needs money. The hospital is inadequate. The roads are still crap. Driggs water supply is sketchy and the water treatment plant is the worst in the state.
Hooray...Sotheby's made another fortune and now we have a bunch of douchebags driving their Mercedes and Porsches to Broulims.
Yeah, that what I was getting at, hopefully someone decides to be a long term property management mogul so they generate some revenue, and increase the rental housing pool.
Idaho is so weird, we'll shortly be swimming in impact fee money but because of the law pertaining to budgets and inability to spend impact fee money on wages continue to be short staffed. Shiny new facilities and trucks with nobody to staff them.Quote:
Originally Posted by neckdeep
But hey we get a Tractor Supply and MacDonalds!
I generally agree with your thoughts on the state of Teton Valley but I don't think the lack of cheap housing in Drictor is going to have any effect on the economy on the east side of the hill.Quote:
Originally Posted by neckdeep
Eastern euro, s American j1, H1B visas and illegal Mexican packed 10+ to a trailer. This is how it works. Weeeee!!!Quote:
Originally Posted by neckdeep
Wait, there is a fucking McDonalds in Teton Valley now?
WTF?
Guess what the majority of the trash on the side of the road is gonna be.
In that case, enjoy your $40 cheeseburger prepared by a central american peasant who never washes his hands. Dont complain when the guy from the Valley who fixes your hot tub charges you $250/hr IF he can get around to you next month. Maybe when you go to St. Johns the short term travelling nurse taking care of you will give a shit. Or maybe not, she aint sticking around.Quote:
Originally Posted by Woolly the Mammoth
But could be financing a piece of property and a family back in his home country…
100%. Its totally fucked, but its going to keep chugging along no problem.Quote:
Originally Posted by neckdeep
MCRib is back in a month - so thats a positive ;)
I think there's a thread about that somewhere..
Its almost like some people forget that the primary function of housing is a roof over your head. Why would you buy? Why would you rent? Because its better than sleeping in you '92 Buick?
And yes, TV is its own special kinda fucked. We will see what this winter brings.
There will be in the near future. Who knows how they’re gonna staff it.Quote:
Originally Posted by rideit
There is still a major pay disparity from Jackson to here, or really anyplace to here.
The state is working on an EMS commission to guarantee services throughout the state. When the surveyed housing cost to household income they had to exclude Teton County Idaho because average household income is 75k and housing median is North of 800. It threw the entire study off for the state because it was so out of whack.
Madison just matched their SO pay to our so I cant imagine most of the deputies making the commute are gonna stick around for long.
The wage suppression in the Public Sector is crazy. I'm the Treasurer of our +/- 300 household Water San District. We have employee retention issues. I'm trying to raise starting pay to $35/hr. It would cost ,$100 per year per household and would lead to cost savings to to decreased training costs, overtimes, subcontracting and so on.
I just don't get it. Send the fucking bill. These are almost all 2nd homes, wealthy retirees, STRs averaging well over $1mill. People look at me like I'm crazy. It is such a small part of the budget. Trucks, pumps, rate studies, engineers, attorneys...no problem. Employees...problem.
^^^ For a water district employee $ 35 p/hr is kinda a bargain.
A friend of mine manages the transfer station and he can't find employees. Jackson pays $10/hr more for the same job. And, to get any new workers, they have to offer untrained incompetant kids almost as much as they are paying the guys who have been there for years and know how to do everything. Training is a big money pit. Once a guy has been trained up on heavy equipment, he's usually going to the construction industry to make a living wage.Quote:
Originally Posted by snapt
alot of the get rich quick small time developers don't really have the full costs built in to a build budget especially taxes and holding costsQuote:
Originally Posted by snapt
cause they are riding a wave
except that wave is crashing although realtors (TM) are using terms like "soft landing"
well holding costs will bankrupt a project and send it packing to foreclosure
the correction is here people are holding onto their high prices pretending its all gonna work out
labor will not go down in costs no matter what especially in labor limited markets
we have a development in scummit county being built by an out of town get rich quick shyster pretty much everything that can go wrong has other than the job site death it's all pretty comical because he never had the money and figured he could do things as cheap as possible he's finding out thats not true I imagine by spring he will walk away
Totally. We’re sitting at a 33% retention rate of our hires over the last few years. People work just long enough to realize the pay is better elsewhere without the costs and bounce. It gets expensive quick.Quote:
Originally Posted by neckdeep
Yeah, a while back I posted about a friend of a friend of a friend who was illegally renting out his storage shed in a junkyard for a $800/mo. I think its borderline unconscionable but, in his mind, it's a big improvement from living in a car so it's worth $800. The dude genuinely thinks he's doing people a favor.Quote:
Originally Posted by Foggy_Goggles
That's where we are though; we can't find municipal workers because the pay gets you housing in a storage shed not much better than a jail cell. Jail cell has a toilet, at least.
It's a big fucking joke. The boomtown that can't even afford a DMV. The big real estate play endlessly hyped as the next Jackson and we got to drive to another county to renew our driver's license. The new hotspot for millionaires that has a ratass dirt road in front of the elementary school. The natural wonderland that has the worst water treatment record in the state. The supposed new haven for rich retirees that has a barebones hospital and practically none of the healthcare specialists that rich retirees depend on. A big joke.
It's not all bad though, we did build the hell out of that airport. So, if you use a private jet to access your healthcare, you are in luck!
there are a fair number of people who have always just rented for a lot of reasons which was OK until it wasn't which is nowQuote:
Originally Posted by Foggy_Goggles
I have Family who can't afford to rent if there was anything TO rent let alone buy in Vangroovy
actualy the Buick is a large car and would be one of the better choices to sleep in and the Roadmaster wagon has very stylish fake wood grain