Quote:
Originally Posted by Syringaloid
banjomike basically ended this thread, because prices are up all over the west and in all of Idaho.
Read through threads in other nearby states and they are the same scenario.
|
Well, I don't think anything is ended yet. And I was very obviously being facetious when I suggested moving out West for cheaper prices. It was merely a point being made that Ada County has caught up to the Portland area and maybe even already surpassed it, or will shortly. Also, the chart shows Boise is among the top 5 major markets in the country (barring CA) for highest price-to-income ratios. So, the theory is if you fit into the median class of workers in another market with more expensive homes it could still be more affordable.
Will be interesting to see where Treasure Valley cities will be getting tax dollars. And near future rent hikes? It's gonna catch up quick! The welfare state is only delaying and likely exacerbating the pain to be felt later. Different than the Great Recession? Not really. It's just coming in a different package.
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.
