U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Alaska
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-30-2008, 04:32 PM
 
301 posts, read 636,285 times
Reputation: 437

Advertisements

Having lived in Ketchikan for over a decade, I'm somewhat familiar with the downtown area. I was AMAZED at the listed price on several homes on Main & Front streets that I saw on a local real estate's web-site! There are several homes priced well over $500k. It was my understanding that the economy was not as robust as it had been decades ago, that tourism was it's last remaining mainstay, and that the population has steadily decreased since the pulp mill and logging jobs departed. Obviously, I've got something wrong - can someone fill me in?

BTW - Ketchikan is one of the most wonderful places on this earth, for anyone reading this that hasn't had the good fortune to call it home.
Reply With Quote Quick reply to this message

 
Old 02-09-2008, 10:51 PM
 
Location: Alaska
273 posts, read 508,368 times
Reputation: 111
Housing prices are beginning to come down. I've noticed several jewelry store owners listing selling their summer homes lately. Many of the homes aren't selling. There are lots of rumors about a reduced cruise crowd this season---and lots of grumbling about the new halibut limits.
Reply With Quote Quick reply to this message
 
Old 02-09-2008, 11:20 PM
 
21,808 posts, read 27,835,905 times
Reputation: 16482
Quote:
There are lots of rumors about a reduced cruise crowd this season
*holds breath*
Reply With Quote Quick reply to this message
 
Old 02-10-2008, 02:07 AM
 
Location: Haines, AK
1,121 posts, read 4,034,133 times
Reputation: 668
Default silver lining

I suspect that one of the few silver linings of the sub-prime mortgage meltdown is that there will be a LOT less "mad money" from California and other high-cost markets available for second home purchases in SE AK. Up until recently there was so much excess paper equity available from ridiculously expensive areas (silicon valley, Bay area, etc.) that purchasing a home in Sitka or Ketchikan or Haines or wherever was basically free, it was all monopoly money.

Since the Kaliforikators have already bought up Oregon and WA state, it's only logical that their infestation would creep ever-northward towards SE AK. Since home prices here have historically been determined by what working people could actually pay, they were a heck of a bargain by comparison to a place in Big Bear or Napa or wherever else the teeming horde might land next.

Hey, count your blessings where you must. One persons recession is another persons hidden blessing.
Reply With Quote Quick reply to this message
 
Old 02-10-2008, 09:31 AM
 
Location: Alaska
1,437 posts, read 4,306,944 times
Reputation: 931
dirt is worth nothing more than what you and the person standing behind you are willing to pay for it.
same thing here in juneau, property prices are inflated.
Reply With Quote Quick reply to this message
 
Old 02-10-2008, 12:17 PM
 
Location: Dangling from a mooses antlers
7,311 posts, read 12,196,535 times
Reputation: 6131
I bought a nice duplex out on S.Point Higgins in 1995 before the pulp company shutdown. After the kids grew up we wanted to move in closer to town. It took me 20 months to sell it. I was just glad that I broke even on the place. The real killer on buying property in Ketchikan is the property taxes. Every year they go up and up.....
Reply With Quote Quick reply to this message
 
Old 04-15-2008, 11:53 PM
 
Location: Anchorage
15 posts, read 34,223 times
Reputation: 13
Honestly, I think a decreased cruise ship season would do the town some good! Get those damn jewelry stores to consider pulling out. So what? A few key, extremely rich people would be out a couple of bucks, but they can afford it. I think its time to get back to being what Alaska is all about, and as far as I am concerned, its NOT about plastic totem poles made in China, or diamonds taken from some mine.
Reply With Quote Quick reply to this message
 
Old 04-16-2008, 11:19 AM
 
395 posts, read 1,519,677 times
Reputation: 123
Hey, Rotorhead, lv us 'pole' kalifornator alone. Us un folks just trying to find the goodie life just like the rest of country.
Reply With Quote Quick reply to this message
 
Old 04-16-2008, 02:31 PM
 
11,836 posts, read 25,471,323 times
Reputation: 2781
Quote:
Originally Posted by Metlakatla View Post
*holds breath*
Don't worry... I'm still coming.
Reply With Quote Quick reply to this message
 
Old 05-05-2008, 12:59 PM
 
Location: Anchorage
15 posts, read 34,223 times
Reputation: 13
Quote:
Originally Posted by RAMFEB31 View Post
Hey, Rotorhead, lv us 'pole' kalifornator alone. Us un folks just trying to find the goodie life just like the rest of country.

WHAT? Are you speaking english?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Alaska
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top