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They look at incomes in the area compares to home prices. What they are not factoring in is large down-payments from out of state equity, or buyers paying cash. Not really high risk buyers that would be expected to run into issues down the line.
They look at incomes in the area compares to home prices. What they are not factoring in is large down-payments from out of state equity, or buyers paying cash. Not really high risk buyers that would be expected to run into issues down the line.
Exactly, out of state 6-figure professionals from California, New York and other blue states are driving up the TV prices like crazy. Native Idahoans are being shoved out.
Exactly, out of state 6-figure professionals from California, New York and other blue states are driving up the TV prices like crazy. Native Idahoans are being shoved out.
That's what is happening but it is happening everywhere. It takes both buyer and seller to come to a price. It takes two to tango so both are at fault.
That's what happens when your city attracts Californians.
Exactly. It’s the saddest thing to witness in America. American cities and states becoming unaffordable due to the influx of Californians. This is One of the greatest tragedies in the history of America.
Exactly, out of state 6-figure professionals from California, New York and other blue states are driving up the TV prices like crazy. Native Idahoans are being shoved out.
Those of us with lower income and lower middle class income will have to relocate to the Southern states like Mississippi and in rural parts of Alabama and etc.
Those of us with lower income and lower middle class income will have to relocate to the Southern states like Mississippi and in rural parts of Alabama and etc.
Then those folks will complain about the rich, stuck-up Idahoans driving up their real estate prices.
Quote:
Originally Posted by folkguitarist555 View Post
Those of us with lower income and lower middle class income will have to relocate to the Southern states like Mississippi and in rural parts of Alabama and etc.
So true. Don't forget Nebraska, South and North Dakota, and Oklahoma.
I own some building lots in north central North Dakota (almost to Canada) if you are interested.
Not yet but keep me posted.
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