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Old 12-11-2014, 12:32 AM
 
10,147 posts, read 14,996,248 times
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The City of Morgantown has been growing so quickly that the supply of new houses built can not keep pace with the demand for new houses. Contractors are going full tilt and have been for the past several years, and workers have been brought in from as far away as New York to help alleviate the shortage.

The average price of a new house built in Morgantown is $350,000.

TheDPost.com - Morgantown
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Old 12-11-2014, 07:22 AM
 
334 posts, read 494,382 times
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It's only a matter of time before that housing boom will bust for Morgantown.

This kind of growth rivals that of Northern VA back 15 years ago. Especially Tyson's Corner.

It's almost at the point now where NOBODY can afford to buy or even rent any housing in Morgantown.

It's essential to have affordable housing for students and professionals alike.
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Old 12-11-2014, 08:07 AM
 
10,147 posts, read 14,996,248 times
Reputation: 1782
Quote:
Originally Posted by abwvu1 View Post
It's only a matter of time before that housing boom will bust for Morgantown.

This kind of growth rivals that of Northern VA back 15 years ago. Especially Tyson's Corner.

It's almost at the point now where NOBODY can afford to buy or even rent any housing in Morgantown.

It's essential to have affordable housing for students and professionals alike.
Well researched projections call for the current growth cycle to continue in Morgantown until at least 2030, so I don't see how a bust would likely take place. The only thing that will solve the problem is to find a way to increase housing production. I do believe the current pace of institutional and business building will eventually subside, and that would make more resources available to build residential housing. That could provide a solution. Right now, nearly everyone who can swing a hammer is building a bank, a restaurant, a ball park, an academic or a healthcare facility.
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