What's up with all the high priced rentals in Grass Valley/Auburn/Colfax? (Sacramento: apartment)

[heartfocus]

I have seen rentals jump in that gold country area of at least $200 over the past couple of years. Is Nevada County in some kind of housing bubble, does anyone know? Are people coming in from the Bay Area again and investing a lot there? I just can't believe these rather rapid changes I've noticed in the classifieds.

[GetmeoutofMA]

Originally Posted by heartfocus

I have seen rentals jump in that gold country area of at least $200 over the past couple of years. Is Nevada County in some kind of housing bubble, does anyone know? Are people coming in from the Bay Area again and investing a lot there? I just can't believe these rather rapid changes I've noticed in the classifieds.

I just arrived to Nevada County..Auburn to be exact.

Auburn is a good community, very nice. People overall are nice. If there are negatives, its probably what you just said about Bay area people moving there and driving it up. It just never fails does it? The water shortage and less rain is a negative also. On the positive side, Auburn is 10 degrees cooler than Sacramento in the summer. But yes that area will lose its appeal if it gets priced too high and in 20 yrs will look like the North Highlands or Natomas.. Right now its good yes, but can't keep going up or else.
I hate the whole we have to own homes, sell them when you make money and upgrade your next home mindset and I want it to die off. Billy Joel was right in how the boomers didn't start the fire but they for sure started the housing bubble and the education bubble.

[amylewis]

I know a man who owns a cabin up that way, far back in the forests, and it used to be very isolated with very few neighbors anywhere around. I used Google Earth to find it recently, and now it's surrounded by big houses, and the dirt road that gets you in there has been paved. This since 2005. So it looks like a lot more people are moving in there and ruining the place. No doubt they will at some point organize a Homeowners Association, if they have not already done so.

It's always been that way, anywhere that's nice to be will eventually be filled up with those destroying what they sought.

[Al Zymers]

In the last couple of years? I first moved to Auburn in 1967 and stayed in the area until 1984. The growth and increase in housing costs were unbearable even then.

[Hemlock140]

Seems like $200 in 2 years is not much of an increase, compared to the Bay Area or even here in Seattle. If nothing else the increased taxes, insurance, and labor for maintenance and repairs will justify that.

[caligirlz]

Originally Posted by GetmeoutofMA

I hate the whole we have to own homes, sell them when you make money and upgrade your next home mindset and I want it to die off. Billy Joel was right in how the boomers didn't start the fire but they for sure started the housing bubble and the education bubble.

What???

[wburg]

Don't be too hard on the guy, he doesn't even know what county he is in!

[heartfocus]

Originally Posted by amylewis

I know a man who owns a cabin up that way, far back in the forests, and it used to be very isolated with very few neighbors anywhere around. I used Google Earth to find it recently, and now it's surrounded by big houses, and the dirt road that gets you in there has been paved. This since 2005. So it looks like a lot more people are moving in there and ruining the place. No doubt they will at some point organize a Homeowners Association, if they have not already done so.

It's always been that way, anywhere that's nice to be will eventually be filled up with those destroying what they sought.

Amy, that's exactly what I mean. I lived in Grass Valley from 2005-2009 and the rents were reasonable. In fact, I moved there from Reno and got a big house in Grass Valley for $1250 a month, when in Reno all that you can get for that price was an apartment. Its totally changed now. It would be nice to live there again but its just gone up so far in price that I no longer can afford Grass Valley! This is so unfair what they are doing to Nevada County.

Oh, and they have a big homeless problem there now because it got out on the grapevine that they take care of their homeless people. They stay overnight in churches and get a huge homemade buffet every night. That info made it to Sacramento and all these homeless came to Grass Valley and they hang out at the grocery stores in the daytime and scare the women. I've even read about that on Craigslist.