Juneau real estate prices (rental, subsidized, taxes)

[YellowstoneDate]

Why does Juneau, Alaska have higher real estate prices? And higher rental properties?

[akck]

High demand/low supply.

[AKStafford]

Not a lot of land available to build. Its worse during the legislative session is going on. I had a friend go down as an aide and she lived out of her car for three months since there was no place available.

[Marty Van Diest]

It's called the free market system. Juneau hasn't seen the light on the "planned economy" yet. So when there is a low supply and high demand prices for available properties adjust to meet the demand.

Perhaps the government should take over and provide low cost housing that would be subsidized by taxes on the big corporations. Those companies shouldn't be making unreasonable profits anyway.

BTW...the above is tongue in cheek.

[takuriver]

Not a lot of available land and uncertainty about the economic future. The whole Capital move drama which has dragged on for decades hasn't helped.

Land is going to be developed on the backside of Douglas Island which should help a little, and the planned Willoughby District should help in the future, but it's a 20-25 year plan.

Not much flat, private land to build on.