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Old 04-06-2008, 06:13 PM
 
369 posts, read 1,351,990 times
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Quote:
Lambros has the Median home price for the City of Missoula pegged at $256,742 as of fourth quarter '07.
There are a number of highend homes that greatly affect that price and the highend homes are still in the market; lesser ones are not and are further exascerbating the problem.

I'm not sure what people expect in the income and home price market. To be able to afford that $256K home right out of high school or college and to make $99K as well? We bought our first home 32 years ago, owned and built 2 others and purchased our present home 14 years ago at exactly today's Lambros median price. My point is that it takes a long, damn time to save the money for down payments and do what you want to do. As far as the income necessary, you need the skills and education to make that $99K a year. It's not all luck and daddy.

I may be wrong, but I detect a sense of need for immediate gratifacation in this thread of late.
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Old 04-06-2008, 07:42 PM
 
Location: The Hi-line
139 posts, read 436,604 times
Reputation: 78
Quote:
Originally Posted by grizzfan View Post
There are a number of highend homes that greatly affect that price and the highend homes are still in the market; lesser ones are not and are further exascerbating the problem.

I'm not sure what people expect in the income and home price market. To be able to afford that $256K home right out of high school or college and to make $99K as well? We bought our first home 32 years ago, owned and built 2 others and purchased our present home 14 years ago at exactly today's Lambros median price. My point is that it takes a long, damn time to save the money for down payments and do what you want to do. As far as the income necessary, you need the skills and education to make that $99K a year. It's not all luck and daddy.

I may be wrong, but I detect a sense of need for immediate gratifacation in this thread of late.
Nothing "immediate". I've been away for too long and when I'm done with school in 2010 I plan to return home after 8 years in the Navy and 1 year in Helena and now my 4 years at Northern.
I am going to be studying the housing market in Missoula from now until I return.
I'm actually looking to buy a house here in Havre, as an investment to build the capital for a down payment in Missoula...kind of a springboard investment, as well as the investment in raising my earning power by getting a degree.
It'll be a few years yet, before I move back there, but in the mean time, I'll be bouncing all over this website
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