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Old 12-16-2019, 02:00 AM
 
25 posts, read 13,444 times
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one thing i have become aware of the past year by talking with the business owners of some small stores i visit is the number of landlords coming from california and buying store properties and then raising rents with usually no improvements to the property. most recently a barber who had been at a location for a while decided to move rather than pay the new rent amount in january. i would guess the higher rents will eventually cause whatever business to charge higher prices.
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Old 12-27-2019, 11:13 AM
 
2,410 posts, read 5,151,910 times
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Quote:
Originally Posted by Katera View Post
Mid size city, affordable, flies under the real estate radar especially after the 2008 crash......

And then BAM! It's discovered. Prices leap 30% and keep going up with no end in sight, taxes sky rocket for locals and those that were born and raised there who now can't afford to buy a house there.

Boise Id is in an expansion crisis right now with one of the new mayor candidates even going so far as to charge a massive tax on anyone who recently moves there...

This really started about 8 years ago, I know because my wife and I were looking to relocate there. However, the massive increase in house prices over those years has priced us out.


So my question is this...I see the same thing starting to happen in Tucson. House prices are leaping up, and with them, property taxes. Is Tucson the next mid sized city to become....unaffordable?
Seriously? Boise charges new residents a "massive tax"? How is this done, through annual income taxes? Is this legal?
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Old 12-28-2019, 06:42 AM
 
3,418 posts, read 7,673,474 times
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Originally Posted by xz2y View Post
Seriously? Boise charges new residents a "massive tax"? How is this done, through annual income taxes? Is this legal?
I believe that the quote was a Boise mayoral candidate advocated a new resident tax during the campaign last fall.
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Old 12-29-2019, 10:50 AM
 
311 posts, read 443,059 times
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Originally Posted by grmi66 View Post
I believe that the quote was a Boise mayoral candidate advocated a new resident tax during the campaign last fall.

That's right. He lost, but still....

The numbers don't lie, most people born in Boise have been priced out in less than 10 years. I'm just wondering if Tucson is next. It was just listed at the 3rd fastest growing mid size city in the US. Ouch.
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Old 12-29-2019, 11:42 AM
 
Location: Out West
485 posts, read 318,421 times
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Quote:
Originally Posted by Katera View Post
That's right. He lost, but still....

The numbers don't lie, most people born in Boise have been priced out in less than 10 years. I'm just wondering if Tucson is next. It was just listed at the 3rd fastest growing mid size city in the US. Ouch.
Katera, I am interested to know your source for this statistic. My search showed Tucson as ranked #53 in growth by wallet hub, but it was in the large city class.
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Old 12-29-2019, 09:42 PM
 
3,418 posts, read 7,673,474 times
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Quote:
Originally Posted by Katera View Post
That's right. He lost, but still....

The numbers don't lie, most people born in Boise have been priced out in less than 10 years. I'm just wondering if Tucson is next. It was just listed at the 3rd fastest growing mid size city in the US. Ouch.
Having lived in both places I doubt Tucson will turn into another Boise.
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Old 12-30-2019, 10:05 AM
 
2,928 posts, read 5,707,894 times
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Quote:
Originally Posted by grmi66 View Post
I believe that the quote was a Boise mayoral candidate advocated a new resident tax during the campaign last fall.
And that candidate only received a couple of hundred votes, he was one of those obscure radical silly candidates. The newly elected mayor is very pro growth and has been on the city counsel for years. She is also liberal as is the outgoing mayor.

A lot of Boise's growth is from millennials as well as wealthy retirees moving in from the west coast including the Portland and Seattle areas among many other areas of the country. The tech scene has had some impressive growth the past decade and it has had an impact on longtime locals unfortunately.

https://www.inc.com/magazine/202002/...ge-cities.html

https://idahonews.com/news/local/ana...te-home-buyers

https://www.forbes.com/sites/ellenpa.../#21149c7423c1

Last edited by Syringaloid; 12-30-2019 at 10:30 AM.. Reason: add a few links
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Old 12-31-2019, 06:13 AM
 
3,418 posts, read 7,673,474 times
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It was interesting when I lived in Boise, worked for one company with deep roots in the area and the entire management team had nothing but disdain for all the newcomers. It was affecting the "good ol' boys" club of which they used to profit handsomely. I'd go on sales calls with the owner on occasion and he'd immediately start talking about the fraternity he was in back in the 60's at the U of Idaho, how he knew the person's dad and grandfather. Hardly ever talk about what we were actually selling, just at the end of the call simply promise to take care of the potential client if they signed on the dotted line. Then would get upset if the potential client asked for a proposal to actually compare numbers.
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Old 01-04-2020, 09:26 AM
 
311 posts, read 443,059 times
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Thanks for all the responses. It appears house prices just keep shooting up. We are still a few months away, but good grief I think those months will cost us another 30k to move there.
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Old 01-05-2020, 10:39 AM
 
Location: Las Vegas NV, Redmond WA
427 posts, read 533,922 times
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Quote:
Originally Posted by Katera View Post
Thanks for all the responses. It appears house prices just keep shooting up. We are still a few months away, but good grief I think those months will cost us another 30k to move there.
Since your move is only a few months away, which community did you decide on ???
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