Posted on 12/25/2005 9:40:02 PM PST by MinorityRepublican
Something else I found interesting. I was at the dentist recently and we were talking about the growth. She told me that in the last 18 months there have been 50 new practices opened in the area. That made me look around and I realized it's just not dentist, in particular I'm seeing a lot of doctors opening new practices too.
Meridian is nothing special. Lots of older, cookie cutter track homes going for $350k plus. We drove all day in July just looking around. There isn't much I would consider buying in that area. That's why we went to Eagle, and found most of the homes in that area going easily for 450k to 700k and up!
The fact is, if you want a decent home, not a first time buyer home in the Boise area, you'd better plan on spending at least 425k.
http://www.lasvegassun.com/sunbin/stories/commentary/2005/dec/25/519871541.html
Columnist Hal Rothman:
Las Vegas Valley will inevitably become a predominantly Spanish-speaking community
••• Feliz Navidad. If you don't know what that means, you had better find out.
The most significant demographic change in Las Vegas in the past 15 years is neither the emergence of a retirement community nor the growth of a transplanted upper-middle-class. It is, wholeheartedly and without a doubt, the remarkable growth of the Spanish-surnamed population.
No group of people has become more visible in recent years in Las Vegas than Latinos. They have come from everywhere, from East Los Angeles and now South Central, increasingly Latino instead of African American.
They leave Mexico in droves, fleeing the poverty of the cities and oppression of the highlands. Middle-class people from Nicaragua, Salvador, Guatemala and Panama come, fleeing the anarchic and often lethal dangers of life in societies with private armies and rampant poverty, where riding in limousines surrounded by armed escorts makes you a target. Filipinos arrive in an ever-growing stream. We have even imported the show that Fidel Castro does not want you to see.
The Latino population of Clark County (Las Vegas) jumped from 85,000 in 1990 to more than 375,000 in 2004, an increase that put the Latino presence well over 20 percent of the county.
In other news, the nation's death-by-boredom rate rose by 34,000 between July 1, 2004 and July 1, 2005.
Wow...Estados Unidos. Get used to it.
As long as he didn't bring any bagel shops or a 'that's not how we did it back home' attitude, I suppose he can stay...LOL
I watched too, what Mr. Vickers did with his "mexican store". When it opened, I didn't think it would go. However, in my town we actually now have TWO mexican stores. I know for a fact that the bigger one brings in thousands in income. I'm not quite sure if the owner has a "side business" or not, but I know he does a lot of store front business and check cashing. I know this because I opened a small insurance office in the front of his store. I have since moved into a larger office and retained my hispanic customer base.
One big problem with expanding the business base in the Pocatello area is the large Indian Reservation which surrounds Pocatello. I believe in the past several years, the tribe has become so politically active (almost to the point of militant) and doesn't set well with those who are trying to establish any type of new business in Pocatello. I honestly think that is a big reason why a lot of the new business is headed to Idaho Falls. I see IF as a more progressive city, where Pocatello to me is stagnant, with a mayor who is trying with all his might to establish a legacy for himself. (JMO)
I do think that if you have your own business you can survive, but not on the low wages offered in the area.
Funny you should ask who moves to Idaho and actually works here? My daughter has a friend who's dad is a construction manager for commercial refrigeration with a company in CA. He commutes from Idaho to CA and NV, making huge bucks. He has built a new home here in town, owns it free and clear and plans to retire in about 4 years. He's about 50. If the marriage can survive it and you know that it's only "temporary", I guess it's do-able. He flies home every other weekend.
IF is not as business friendly as Ammon. As such, you see lots of new business going up in Ammon. Walmart moved. The vacated store was razed and replaced with a Lowe's. Now Pocatello has a Lowe's as well and many IF employees were anxious to transfer to the new Pocatello store. The IF city council is "progressive" alright. Tax and spend "progressive". Socialist "progressive". The have repeatedly tried to build "public" facilities with taxpayer funds that directly compete with existing private business in the city limits. The proposed "public" facilities would offer the same services at prices lower than the private business by using taxpayer subsidies. That is just plain criminal.
The Pocatello political machine leaves much to be desired too. Many small business people refused to "play ball" with various city officials. The city responded by harassing them out of business with endless visits from the building inspectors and fire marshall. Absent Neal Larson to poke at the dragon M-F on KWIK, the city council continues its screwy practices without much public scrutiny.
The "Mundo Latino" property is already offered for lease. Getting the western outlet store out of that property probably reduced the competition for the main Vickers store. No point in poaching customers from your own facility.
Not a cookie cutter, first home. I didn't see anything in the Boise area that I would even consider for under 400k. We saw lots of homes going for $275,000 to $360,000, but they were old, in older tracks, no privacy etc. Meridian looked like any other place. How people are affording those homes in that area on Idaho wages is a mystery. (And I am not talking about out of towners that may come in).
Actually I didn't. I was referring the the overall majority that live and work in Idaho, not those that sold a home elsewhere for $700,000 cash and moved in. Idaho has some of the lowest wages in the country. That has to be very tough for them.
If there is ever a RE bubble burst, I would predict it would be in places like Boise Idaho first, where the wages obviously can not keep up with the housing prices.
No you are missing the point. I was just in Boise in July. Even the cookie cutter, older track homes are going for over 325k. You tell me how people in Boise making $14. an hour can afford that?
Idaho is a great state...block any commie libs trying to enter and it will remain so!
That is why I said, I considered those newer homes on postage stamp lots, that are built right on top of each other, first time buyer class homes.
This home in Boise is on .14 of an acre. and was built in 1941. This is what I am talking about. $339,900 3 Bed, 1 Bath 1,872 Sq. Ft. 0.14 Acres
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