You all rich in Wyoming? (Rock Springs, Jackson: mineral rights, real estate, apartment) - (WY) - City-Data Forum

HansProof · 06-21-2009, 08:21 PM

So basically if you have a mountain view and some land, you're paying over a half million for a home?

Who is living in these homes? Do people from California come out and live there only but a couple weeks a year?

I just saw a double wide on 16 acres of what appeared to be sand savana up to 399,000! WHF! How can a place so not populated have such rediculous prices. For that price, you can buy a mansion in WV and 200 acres of prime mountain and stream land. You could probably do the same in PA only with 100 acres. And PA has 13 million people, not half a million.

septocaine_queen · 06-21-2009, 08:52 PM

I believe you are speaking of the jackson, wy

two words for you: Mineral Rights

eric#1 · 06-21-2009, 10:17 PM

I am not sure of the area of Wyoming you are talking about, but there are areas with land for $100 an acre. Jackson Hole area is one of the most sought after vacation areas in the nation - part of the appeal to the rich there is that there aren't 13 million people just down the road. Some of the less beautiful areas just near Jackson Hole have gotten quite expensive as well do to there proximity to Jackson Hole. As far as who lives there - people from all over the world - some close, some far, but one thing about nearly all of them, they are quite wealthy. Most people there in service industries struggle to make ends meet. It's like no other place in Wyoming.

Happy in Wyoming · 06-21-2009, 10:35 PM

Quote:

Originally Posted by HansProof

So basically if you have a mountain view and some land, you're paying over a half million for a home?

Who is living in these homes? Do people from California come out and live there only but a couple weeks a year?

I just saw a double wide on 16 acres of what appeared to be sand savana up to 399,000! WHF! How can a place so not populated have such rediculous prices. For that price, you can buy a mansion in WV and 200 acres of prime mountain and stream land. You could probably do the same in PA only with 100 acres. And PA has 13 million people, not half a million.

If that sixteen acres is in the right spot, 400k could be a real bargain. If it were in the Jackson area, it would be much more.

The price of housing is based on the amount of land, the location, and the house. Location includes scenery and the status of adjacent land. If a piece of property is surronded by government land, it's a big plus.

Building costs aren't much different here from any other part of the country. So if it's a nice house in a nice place 500k to 2m is about the range. But I must point out that houses in cities are generally far less expensive. Jackson, Pinedale, Rock Springs, and a few others are exceptions.

I don't know why so many Easterners think that only Californians can afford nice places. They're not the only people in the country who can make money.

sunsprit · 06-22-2009, 03:55 AM

This is like saying that everybody in Colorado pays Aspen real estate prices, or everybody in New York pays New York City prices in certain pricey districts of the city (multi-millions for an apartment), or everybody in California lives in housing with Beverly Hills prices, or everybody in Seattle lives in Clyde Hill or Medina, or that everybody in PA pays Bucks County type prices for a cute little farmstead ... or, pick the most expensive and outrageously priced location in the state you live in, HansProof, and tell us that everybody is that rich and able to afford to buy there .... it's not so, is it?

Darrow · 06-22-2009, 06:37 AM

The state is diverse as is housing and incomes...there are some gorgeous mountain ranches that are listed in realty mags for the elite, but most of the "working" WY folks are happy with what they got and can appreciate the forests, parks and public land as our own.

Claim Jumper · 06-22-2009, 08:32 PM

Quote:

Originally Posted by Happy in Wyoming

If that sixteen acres is in the right spot, 400k could be a real bargain. If it were in the Jackson area, it would be much more.

The price of housing is based on the amount of land, the location, and the house. Location includes scenery and the status of adjacent land. If a piece of property is surronded by government land, it's a big plus.

Building costs aren't much different here from any other part of the country. So if it's a nice house in a nice place 500k to 2m is about the range. But I must point out that houses in cities are generally far less expensive. Jackson, Pinedale, Rock Springs, and a few others are exceptions.

I don't know why so many Easterners think that only Californians can afford nice places. They're not the only people in the country who can make money.

Dont expect to sell your property fast in WY. It can take a year or two or more

Cityadventurer · 06-23-2009, 04:32 AM

But what so special about Wyoming? mineral rights? right-o.

septocaine_queen · 06-24-2009, 08:22 PM

Quote:

Originally Posted by Cityadventurer

But what so special about Wyoming? mineral rights? right-o.

only 500 k people, amazing history, landscape, wildlife and the fact that it supplies about 40% of the energy that powers the US.

septocaine_queen · 06-24-2009, 08:23 PM

I would like to have mineral rights because I would then be a gazillionaire