Posted on 04/27/2021 1:32:21 PM PDT by ProtectOurFreedom
Previously overlooked real-estate markets brace for the ‘New American Consumer’
Home prices are rising across the country as Americans rush to purchase houses, driven in part by a newfound ability to work remotely as a result of the COVID-19 pandemic. But where are they set to rise the most? Not in the Sun Belt, by and large, according to a new index.
The Emerging Housing Markets Index from the Wall Street Journal and Realtor.com analyzed the 300 largest metropolitan areas across the country. Each housing market was evaluated based on a range of factors related to real estate, economic vitality and quality of life. Top of the list was Coeur d’Alene, a city of some 44,000 people located amid the mountains of northwestern Idaho just over the border from Spokane, Wash.
The top growing markets, therefore, were the places that are expected to see the greatest home-price growth in addition to other attractive amenities.
After Coeur d’Alene, at No. 2: Austin, Texas. Austin was not the only Sun Belt city on the list — Reno, Nev. (No. 7), and Santa Cruz, Calif. (No. 10), also featured.
But the rest of the top 10 from the Emerging Housing Markets Index were sprinkled across all parts of the country.
The list includes cities in New Hampshire, Ohio and Montana. Looking to the top 50 cities in the index, fewer than half were located in the Sun Belt.
(Excerpt) Read more at marketwatch.com ...
What is that going to do to your property taxes.
I am not looking forward to my next property tax reassessment.
That is the ONE thing California has done exactly right -- Prop 13.
Under Proposition 13 tax reform, property tax value was rolled back and frozen at the 1976 assessed value level. Property tax increases on any given property were limited to no more than 2% per year as long as the property was not sold. Once sold, the property was reassessed at 1% of the sale price, and the 2% yearly cap became applicable to future years. This allowed property owners to finally be able to estimate the amount of future property taxes, and determine the maximum amount taxes could increase as long as he or she owned the property.That has benefitted us enormously living in Silicon Valley for almost 40 years. Since we were so used to that protection, we really didn't think much about property values in Idaho soaring and taxes going through the roof. Ugh.
I’m old enough to remember when the Seattle area was overrun with flannel shirts, logging boots and red blooded Americans. Washington and Oregon streets and hiways were once full of logging truck, the taverns full of loggers. Not that long ago really, pre-1980’s this was true.
I worked in the steam plants in the NW pulp and paper mills plus a few saw mills. That’s the NW I remember.
My grandparents lived in Potlatch, ID for many years which was the biggest lumber mill in the world in the early 20th century. We’ve got lots of lumber in the family blood. They retired near Coeur d’Alene in the mid 60s when it was a typical western lumber mill town with four mills on the lake near the town. Now it’s more like Carmel, California than the Coeur d’Alene of old.
There is still one good size mill 15 miles north of CdA, but with extensive automation, there isn’t a lot of employment at the mill.
agree. but annandale, the place where I have been living for the last 2 years is far worse.
Agree. Leesburg is getting more liberal. Not as bad as Annandale. Will probably go further west or north in the next year or two.
We used to visit relatives in Grand Ronde Oregon. They lived nearly right across the street from the mill facilities. Now it is a large Injun casino. Uncle was a truck driver hauling logs from around Oregon. They moved to Tillamook and that place was still logging in the early 70’s. I had a lot of friends setting chokers and running green chain. It is mostly gone now.
I watched Ax Men, you could tell these guys were hard working, but not the same as the men I knew BITD. A tv show set up American loggers to go to Siberia to log. I tuned in, the Russians ran them out of the Country. American loggers were softer than the Ruskies, who didn’t mind sleeping in a small cabin heated by a wood stove and no refrigerator.
I had friends in Purcellville 20+ years ago. The place is unrecognizable now.
I worked in the pulp mills and lumber mills in Oregon in the early and mid 70s. Watching them disappear and Indian casinos take their place really broke my heart and told me where the country was headed. Honest jobs for honest men making honest products needed by everybody. And replaced by WHAT? Gambling, graft, corruption, crime.
She sold her place in 24 hours!
Ohio in general is a bastion of corruption. Youngstown went to the dogs fast!
I was listening to a fellow talking about the folks moving into his rural/country area.....the locals are truly upset with those moving in trying to change their area. They’re telling newcomers if they can’t adapt then move back to where they came from.
Someone forgot to tell U-Haul. Price a one-way move from anywhere to FL, then price the same move from FL to anywhere. There’s a lot of U-Haul equipment in Florida, and it didn’t get there on it’s own.
Had friends in Pa that moved there....lasted 6 months and high-tailed it back to Pa. Hated it and couldn’t get out of their fast enough.
I used to live in rural New Jersey. New developments would get built on former farmland where folks could enjoy country living. Then they would complain about the smells and noises from the adjacent farms!
There is a LOT of that chatter on the NextDoor app around Coeur d’Alene. There is an “Idaho” style of living that people cherish. Newcomers complain about gunshots, people starting work too early (noise), fireworks, dogs.
I just left California for Lake Havasu City. This is Trump city. Flags and bumper stickers everywhere. I love it.
It’s a real trend, people don’t want to be around hate filled angry leftist’s and definitely not in states or cities that they ruin.
2 years away from retirement...
We moved away from WashDC suburbs with commute times getting to be insane. We did that 14 years ago.
Now we are in Western Maryland, which is becoming Baltimore West.
I fear home prices in Florida will be out of range when we move 2 years from now.
Looking in spring training areas south of Tampa Bay...prices going up, finding some values inland.
My wife and I are former military brats and active duty officers and moved around a lot as kids and adults. Even we find it hard to get acclimated to a new place.
We lived in Tempe AZ for 35 years and thought we'd stay there but over a period of time that long, things change too. The city got bigger, traffic got more congested and crime went up. Friends died off and the old town was slowly redeveloped. It just wasn't the same anymore.
So we retired to rural Florida and started a cattle farm out in the country. Near to a little town but not a big city. Built a new house and settled in. Live out of town so fitting it wasn't a big issue. We didn't know anybody and still don't know many folks after 10 years. But it feels like home and this will be our "end game". Where we finish life at. We even have an acre set aside on the farm as our private family cemetery.
I've been back to Arizona a few times since retiring here and it is not the same. It changed too. America is about freedoms and opportunities so people are moving all of the time testing new waters and the green grass on the other side of the fence. We were used to moving. Most people are not.
This virus pandemic industrial complex will not only be the death to our way of life but the socialist/communist democRATS will limit our movement because of the dreaded covid. Better move while you can because they will put a stop on it someday.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.