Page 658 of 724 FirstFirst ... 653 654 655 656 657 658 659 660 661 662 663 ... LastLast
Results 16,426 to 16,450 of 18086
  1. #16426
    Join Date
    Feb 2014
    Posts
    1,971
    Quote Originally Posted by Stu Gotz View Post
    It makes me nervous once the “pulling equity out of x to buy y” stories start to crop up with regularity.

    https://www.msn.com/en-us/money/real...cid=uxbndlbing
    That is wild! The last couple got it with an escalation clause to 513k on a canned food makers wages. His wife must massage butterflies or something.

  2. #16427
    Join Date
    Mar 2006
    Location
    Beaverton, OR
    Posts
    882
    Quote Originally Posted by Kevo View Post
    Crazy.

    Where are all the Boise natives who missed the boat on tech income going to go when they get forced out? Twin Falls? Ontario, OR? Elko? Pocatello?

    Five years ago it was possible to support a family as a blue collar worker in Boise. Seems like the minimum household income for having a halfway decent standard of living with a family in Boise is now somewhere around $200k.
    GUY in above post was talking about software architects making $165k to $200k and above. Sounds like, the norm. Plus you only have to work 2 hrs a day and you can ski rest of day.

    Isn't that how we all roll here?

  3. #16428
    Join Date
    Dec 2020
    Location
    Idaho
    Posts
    586
    Quote Originally Posted by Stu Gotz View Post
    The scale has been so weighted toward capital for so long that it’s a shock when labor has a bit of leverage. It will be interesting to see how long it continues.

    Quote Originally Posted by ötzi View Post
    I think it has to be a good thing. It's gonna sort itself out and it should be better for everyone in the long run. Now if we can couple it with reducing excess and increasing fairness at the high end we'll really be getting somewhere. People are always talking about the 1% but it's the .01% that really have had the game rigged in their favor.

    Very valid points, and do think it would be better for everyone.

  4. #16429
    Join Date
    Jan 2005
    Location
    Keep Tacoma Feared
    Posts
    2,388
    Quote Originally Posted by sirbumpsalot View Post
    Is immigration the only....or even the main ingredient to a strong economy????? Asking for a friend.
    No, but unfortunately, capitalism thrives with an increasing population. Just pointing out you can accomplish that even with a declining birthrate if you aren't xenophobic.

  5. #16430
    Join Date
    Jan 2005
    Location
    Keep Tacoma Feared
    Posts
    2,388
    Ada County (Boise) median household income is $66,293. I don't think you need a household income of 200k to have a halfway decent standard of living there (or maybe 90% of Boise is living in insufferable misery?). And I don't see increased housing costs causing blue collar workers to flee to Pocatello. Maybe push them farther from the urban core, but Boise has attributes that those other communities will never replicate (capital, large university, hospital). Unlike Seattle, Portland, and San Francisco, who are all constrained by water and mountains, Boise has an unlimited amount of buildable land, and a right wing government who embraces sprawl, which will help stabilize prices.
    Last edited by altasnob; 07-19-2021 at 08:20 PM.

  6. #16431
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,359
    Pocatello is closer to Targhee.

    The world is perfect. Appreciate the details.

  7. #16432
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    15,952
    Quote Originally Posted by Kevo View Post
    Crazy. Seems like the minimum household income for having a halfway decent standard of living with a family ANYWHERE desirable is now somewhere around $200k.
    FIFY
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  8. #16433
    Join Date
    Sep 2006
    Posts
    5,777
    Quote Originally Posted by altasnob View Post
    Ada County (Boise) median household income is $66,293. I don't think you need a household income of 200k to have a halfway decent standard of living there (or maybe 90% of Boise is living in insufferable misery?). And I don't see increased housing costs causing blue collar workers to flee to Pocatello. Maybe push them farther from the urban core, but Boise has attributes that those other communities will never replicate (capital, large university, hospital). Unlike Seattle, Portland, and San Francisco, who are all constrained by water and mountains, Boise has an unlimited amount of buildable land, and a right wing government who embraces sprawl, which will help stabilize prices.
    There are always limits to unlimited amounts of land.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  9. #16434
    Join Date
    Dec 2004
    Location
    Going North
    Posts
    165

    North Idaho

    Quote Originally Posted by The Artist Formerly Known as Leavenworth Skier View Post
    That article sums up the entire mountain west right now. North Idaho is no different. The cost of housing is so out of line with wages that its really starting to not make sense. There can't be that many remote workers. I'm beginning to wonder if its just a big game of "investors" like in this article selling to other "investors".
    My panhandle home will probably hit the market in the next week or so. It'll be interesting to see what happens. Expecting retired equity refugees desperate to get into something after already selling where they moved from. Guess we'll see.

  10. #16435
    Join Date
    Nov 2005
    Posts
    5,818
    Quote Originally Posted by Ridgehippy View Post
    My panhandle home will probably hit the market in the next week or so. It'll be interesting to see what happens. Expecting retired equity refugees desperate to get into something after already selling where they moved from. Guess we'll see.
    Probably. Congrats on the timing, at least!

    We keep hoping the wave has crested because my BIL and his wife have been meeting all those people in the offer stacks. A couple years ago he left management in defense to teach school here. Just landed a long term job only to find the market makes their plan to wait and buy after that untenable. Of course, the school levy failed on the first try just to put an exclamation point on the stress of it all.

    The combined influx of (more) anti-education and sight unseen/no inspection clause, unaware buyers moving in can't be good.

    Did you find the next great place?

  11. #16436
    Join Date
    Jun 2020
    Location
    in a freezer in Italy
    Posts
    3,291
    I'd be interested to hear how it goes.

  12. #16437
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,359
    Quote Originally Posted by Toadman View Post
    There are always limits to unlimited amounts of land.
    Like, ahem, water.

    The world is perfect. Appreciate the details.

  13. #16438
    Join Date
    Nov 2005
    Posts
    5,818
    Quote Originally Posted by Kevo View Post
    Crazy.

    Where are all the Boise natives who missed the boat on tech income going to go when they get forced out? Twin Falls? Ontario, OR? Elko? Pocatello?
    Fruitland, Payette, Weiser...Emmett? There really is a lot of farm land still waiting to sell out to developers between Caldwell and Parma. Eagle and Meridian were under-populated once. Some of the people jumping in to Star may be surprised to find there really is a reason the market can be so erratic around Boise. Or maybe mint and beets will go artisanal. Who wants to start the next MLM?

  14. #16439
    Join Date
    Jan 2014
    Posts
    529
    There’s articles floating around explaining that many industries used the pandemic to retool, automate, etc. For many hotels it sounds like room cleaning will be a request, not the norm; housekeeping is anticipating a huge hit to the work force.

    In the short term, restaurants are struggling for work. But as others have said, restaurants will just raise prices and price out the middle class. The rest of us get robo Ronald McDonald flipping your patty.

    * meant to quote Stu

  15. #16440
    Join Date
    Nov 2005
    Location
    Making the Bowl Great Again
    Posts
    13,322
    Quote Originally Posted by altasnob View Post
    Ada County (Boise) median household income is $66,293. I don't think you need a household income of 200k to have a halfway decent standard of living there (or maybe 90% of Boise is living in insufferable misery?).
    Surviving when you got in when housing was "cheap" is very different than trying to make a go of it now.

    I feel incredibly fortunate that we have a house in our preferred hood in Missoula that we paid around $300k for 5 years ago. It needs a major overhaul, but compared to what you can get now, wow.

  16. #16441
    Join Date
    Oct 2005
    Location
    Idaho
    Posts
    9,781
    Quote Originally Posted by RootSkier View Post
    Surviving when you got in when housing was "cheap" is very different than trying to make a go of it now.

    I feel incredibly fortunate that we have a house in our preferred hood in Missoula that we paid around $300k for 5 years ago. It needs a major overhaul, but compared to what you can get now, wow.
    If you’re in you’re in, in the Treasure Valley. If you’re not in, you’ll be stretching your budget for an hour commute. If you’re lucky.

    If you’re cashing equity from somewhere else, you might have to stretch your standards for what you expect from the “help”.

  17. #16442
    Join Date
    Oct 2011
    Location
    Aspen
    Posts
    1,620
    Boise? Bozeman? Butte? No - BILLINGS!

    https://www.wsj.com/amp/articles/mon...ex-11626773400

    “Billings, Mont., is the new No. 1 on The Wall Street Journal/Realtor.com Emerging Housing Markets Index, boosted by its affordability and appeal to remote workers.

    The index reflects how the housing boom has ignited homebuying activity in smaller to midsize cities around the U.S.”

    My FIL grew up in Billings and they sold the family house some years back. He can’t imagine demand like this, but it’s not the worst location with cool stuff in proximity.

  18. #16443
    Join Date
    Dec 2005
    Location
    Posts
    13,632
    Quote Originally Posted by MontuckyFried View Post
    Also an unpopular opinion, even as a breeder, I wish that childless people could opt out of paying school taxes, but I digress. ^_^
    Because childless people don’t benefit from an educated population?

  19. #16444
    Join Date
    Sep 2010
    Location
    Tejas
    Posts
    8,255
    Quote Originally Posted by alpinevibes View Post
    Boise? Bozeman? Butte? No - BILLINGS!

    https://www.wsj.com/amp/articles/mon...ex-11626773400

    “Billings, Mont., is the new No. 1 on The Wall Street Journal/Realtor.com Emerging Housing Markets Index, boosted by its affordability and appeal to remote workers.

    The index reflects how the housing boom has ignited homebuying activity in smaller to midsize cities around the U.S.”

    My FIL grew up in Billings and they sold the family house some years back. He can’t imagine demand like this, but it’s not the worst location with cool stuff in proximity.
    Lol. I just spent the last few weeks there in B town. That could very well be true on the low-mid end, but the higher end is kinda sitting stagnant. A friend's neighbor has a big ass house in a super nice neighborhood that's been for sale for like a year and like no nibbles. Price didn't seem too bad either for the size and area, so not sure if things are cooling off or it's just a different market segment. "Entry" level home prices are absurd though, but that's kinda true for everywhere now. My takeaway is that you can still get a really nice home for a decent price if you're shopping the upper end, but in MY price range, forget it. Not worth it. And contrary to popular opinion, I actually like that town. Used to own a nice home there in a sweet location that now I could no longer afford to buy back. Doh!!!

  20. #16445
    Join Date
    Oct 2012
    Posts
    10,507
    Quote Originally Posted by liv2ski View Post
    The last few pages are blowing my mind. $3k to $4k for monthly child care Fuck me. Can't cover housing expenses on $75k a year
    May as well rent a larger house and get an aupair.

  21. #16446
    Join Date
    Sep 2010
    Location
    Tejas
    Posts
    8,255
    Quote Originally Posted by Meadow Skipper View Post
    Because childless people don’t benefit from an educated population?
    Yo. I'm actually not saying my opinion is correct on this one as it's kinduva nuanced topic and I DO see the value in it. More of a 'wish' actually. Just that it'd be sweet if your tax burden could be proportionately reduced if you chose not to multiply. Call it a 'carbon credit' for choosing not to further eff over the planet with your spawn. How about that?

  22. #16447
    Join Date
    Aug 2006
    Posts
    7,112
    Quote Originally Posted by Kevo View Post
    Crazy.

    Where are all the Boise natives who missed the boat on tech income going to go when they get forced out? Twin Falls? Ontario, OR? Elko? Pocatello?

    Five years ago it was possible to support a family as a blue collar worker in Boise. Seems like the minimum household income for having a halfway decent standard of living with a family in Boise is now somewhere around $200k.
    I doubt you really meant to come off as the stereotypical tech transplant but seriously, 200K is still good living anywhere.
    Live Free or Die

  23. #16448
    Join Date
    Dec 2010
    Location
    Last Best City in the Last Best Place
    Posts
    4,516
    Quote Originally Posted by MontuckyFried View Post
    Yo. I'm actually not saying my opinion is correct on this one as it's kinduva nuanced topic and I DO see the value in it. More of a 'wish' actually. Just that it'd be sweet if your tax burden could be proportionately reduced if you chose not to multiply. Call it a 'carbon credit' for choosing not to further eff over the planet with your spawn. How about that?
    Or perhaps your tax burden should be increased if you don't have kids, since you're not producing any future workers to help support the aging population.

  24. #16449
    Join Date
    Sep 2010
    Location
    Tejas
    Posts
    8,255
    Quote Originally Posted by yeahman View Post
    Or perhaps your tax burden should be increased if you don't have kids, since you're not producing any future workers to help support the aging population.
    Yeah. I get that argument too. See: Japan

    However, I keep hearing from one side of the aisle how our planet's overpopulated and we're screwed, but then we're ALSO told we need to keep populations up for what you said among other reasons. Which is it?! No need to answer that. I'm actually just being a bit facetious here. Since I've been cross-country countless times, I can confirm that the US is FAR from over-populated. Haha. We're fine.

  25. #16450
    Join Date
    Oct 2003
    Location
    9,300ft
    Posts
    19,017
    Breckenridge, Vail and Steamboat have placed or are considering STR moratoriums on new licenses unless the property is specifically built for STR (has a front desk, property mgr, is a time share, etc). Will it work to get owners to convert STRs to LTRs?

    Let's look at the type of second home owners:

    A type of owner will not convert to LTR: SECOND HOME USER
    "I use that unit intermittently, so I am never long terming. So I'll use it more often like I did during the pandemic, and I'll spend less and you'll have less town revenue."

    B type of owner will not convert to LTR: SECOND HOME USER
    "I bought the place to use for myself, but I need the STR income to afford it, so I'll just sell the unit to" A type above.

    C type of owner will not convert to LTR: INVESTOR
    "Well, I bought it to STR, so I might as well sell at peak prices to" A type above.

    D type of owner who WILL convert to LTR: INVESTOR
    "I was looking for that 10% STR net annual return. I guess I'll just take a 0-3% annual net to rent to a local instead of selling the place because maybe I want the investment/future primary."

    And here are the reactions of local owners:
    E type of owner who will not convert to LTR:
    "I live here full time and I don't want a full time roommate, but it was going to be nice having a little extra income from occasional STRing the extra bedroom... dang... less money to spend in the community."

    F type of owner who WILL convert to LTR or who will NOT purchase property or WILL purchase a smaller place:
    "I live here full time and I was going to make the mortgage by STRing the extra bedroom a few peak weekends a year, but now I guess I will have to have a roommate or buy a smaller place that cannot fit my future family."

    I think you harm a lot of people, cut out a ton of revenue, and end up creating very few additional LTRs. It might lower real estate prices some in the long term but there would be a lot of sales short term as people downsize. As usual, the RE industry wins.
    Quote Originally Posted by blurred
    skiing is hiking all day so that you can ski on shitty gear for 5 minutes.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •