In shock at the asking price of single family homes in no growth, low density areas

[BISCUT]

I think the proposed and apparently expected nearly doubling of CA home taxes to fund medical for all is going to make your endeavor even more costly and difficult.

I was in the Denver area 2016 to hike Torrey's and Gray and check out potential retirement home. Anything worth wanting was similar to NY pricing. I know it's only gotten worse since.

 

[Chris142]

The only reason I can afford a house in Ca is because I inherited it when my parents passed. My dad paid $35k for it in 1974. I would not be surprised if its worth 3 x that now.

 

[supton]

The only reason I can afford a house in Ca is because I inherited it when my parents passed. My dad paid $35k for it in 1974. I would not be surprised if its worth 3 x that now.

Just going off the the govs inflation calculator I get 6x since then. I would hazard more like 10x, unless if your region is depressed or overlooked.

 

[JustN89]

It remains to be seen whether current pressures such as work-from-home will continue to persist over the years to come. While many companies are shifting to more permanent WFH positions, a lot are shifting back to in-office work. It's no secret that productivity drops when groups shift from in-office to WFH, so we'll have to see what corporate America does as they weigh the cost of lowered productivity against the cost of bringing their employees back into the office for hours and hours each day.

 

[edyvw]

First of all-there is good health care in St. George. Yes-if you have cancer you end up at Hunstman in Salt Lake city. But many Seniors live out their life with just "normal type health care issues" that come along with age -that don't require a "research hospital.

You might think that. But even Las Vegas is not some prime spot when it comes to HC, and we are talking UNLV there.
You obviously never seen medical charts and what nonsense people (especially seniors) die bcs. lack of immediate access to big hospitals. Premier doctors, surgeons etc. are located in those places.
Yes, a lot of people have this idea of living on land quite life, small town etc. But realities of life are bit different. Not to mention that in the last two decades, rural and small town hospitals were absolutely devastated by business model they were running.
Another thing you mention is Huntsman. By the time one ends up in Huntsman from St George, that person better has some really top notch additional health coverage, bcs. while they might survive cancer, they might not survive heart attack when the see bill for transport etc.

 

[edyvw]

It remains to be seen whether current pressures such as work-from-home will continue to persist over the years to come. While many companies are shifting to more permanent WFH positions, a lot are shifting back to in-office work. It's no secret that productivity drops when groups shift from in-office to WFH, so we'll have to see what corporate America does as they weigh the cost of lowered productivity against the cost of bringing their employees back into the office for hours and hours each day.

Hard to say. I know several people whose companies permanently moved to WFH. My wife has WFH position since 2014 and it ain’t going back.
Also evidence suggests that productivity in most fields goes up with WFH. Some fields will never be able to go WFH, though. We moved most of our meetings etc. to online. It actually resolved numerous issues. Problem is that bcs. we were stuck in that crude organizational culture from 50’s, we never thought of moving things online bcs. not appropriate. Now it is never coming back.

 

[supton]

i’m waiting to see on wfh, but i have to wonder if its not company to company. Not all positions can be done 100% from home, and if the company has a mix, how does one keep jealousy in check?

 

[Chris142]

Just going off the the govs inflation calculator I get 6x since then. I would hazard more like 10x, unless if your region is depressed or overlooked.

Out in the desert on a dirt road. Overlooked for sure.

 

[CKN]

You might think that. But even Las Vegas is not some prime spot when it comes to HC, and we are talking UNLV there.
You obviously never seen medical charts and what nonsense people (especially seniors) die bcs. lack of immediate access to big hospitals. Premier doctors, surgeons etc. are located in those places.
Yes, a lot of people have this idea of living on land quite life, small town etc. But realities of life are bit different. Not to mention that in the last two decades, rural and small town hospitals were absolutely devastated by business model they were running.
Another thing you mention is Huntsman. By the time one ends up in Huntsman from St George, that person better has some really top notch additional health coverage, bcs. while they might survive cancer, they might not survive heart attack when the see bill for transport etc.

You have to have really bad cancer to end up at Huntsman. I do not know what their survival rate is there-but if you end up at Huntsman you either have assets and/or good health coverage-but that will be the least of your worries.

 

[Andrew1972]

Desirable location but low cost with high speed reliable internet means any one working remotely may buy it. Prices spiked!

 

[edyvw]

There is no such thing as good cancer. People die from treatable cancer in early stages bcs. insufficient access to appropriate healthcare.
Not to mention other health emergencies etc. In UT I think SLC is only Trauma Level I center.
I have a neighbor whose uncle in late 70’s might not survive bcs. fall. Head injury, internal bleeding. By the time he went through all emergency places and ai lifter to Colorado Springs, it was too late.

OP has a choice. Some people don’t or don’t care, but I am just saying, these thing matter, a lot.

 

[Dave Hess]

As bad as it sounds we really need a recession to pop bubbles and crash prices of everything back to normal.

Many people will agree with you.

 

[eljefino]

As bad as it sounds we really need a recession to pop bubbles and crash prices of everything back to normal.

We need an interest rate bump to lower actual transaction prices and scare off the speculators. Like, yesterday.

 

[eljefino]

The reason we are not strongly pursuing Colorado is recreational drugs.

You're trying to make a crystal ball decision for a home you'll have for 30 years based on current laws and demographics. We don't know if pot will be legalized in a few years where you're otherwise thinking of living, or if they'll get their own crime waves based on cowflop methane or whatever.

 

[edyvw]

You're trying to make a crystal ball decision for a home you'll have for 30 years based on current laws and demographics. We don't know if pot will be legalized in a few years where you're otherwise thinking of living, or if they'll get their own crime waves based on cowflop methane or whatever.

More and more states are legalizing. But they have to go through infant issues with recreational drugs that CO left behind long time ago.

 

[JavierH19]

We need an interest rate bump to lower actual transaction prices and scare off the speculators. Like, yesterday.

That as well too.

 

[Dave Hess]

Florida still has reasonable housing that’s not in a trashy area.

 

[AZjeff]

People should try not to project their local conditions nationwide. For example the builder where we are in central Az builds homes from 1400 sq to to 3000 sq ft. They're building as fast as they can and it's a year out right now. Probably 75% of the new owners have Cali plates. The new 1600 sq ft home we took possession of 5/18 has increased in value $200k. I'd love to cash out and move but where would we go?

 

[PandaBear]

Hard to say. I know several people whose companies permanently moved to WFH. My wife has WFH position since 2014 and it ain’t going back.
Also evidence suggests that productivity in most fields goes up with WFH. Some fields will never be able to go WFH, though. We moved most of our meetings etc. to online. It actually resolved numerous issues. Problem is that bcs. we were stuck in that crude organizational culture from 50’s, we never thought of moving things online bcs. not appropriate. Now it is never coming back.

It "depends". A huge part is you get to spend less time commuting, like, 2 hrs a day. You are talking about money and time that companies can save by paying you less. Another is, you can get a lot more quality of employees per dollar if you can hire them in some low cost area instead of at your HQ. In my work the same quality employees cost about 25% less in rural out of state than locally in Silicon Valley, AT LEAST.

So you may have a quality guy in Alabama who would stay with you for 10 years, but the same money in California would only get you a guy who stay for 1 year. Of course the top guy would still get recruited from Alabama to California and paid California money + more by the good companies (i.e. Apple, Google, Amazon, Facebook, etc), but not every employer is top quality and will pay top dollars, so....

Also don't forget, with work from home completely, work from home 4 days a week, etc, people are willing to live further away (sometimes way further), so the "area" has gotten larger than ever. 50 years back people probably live 50 miles away at most, now they probably live 100 miles away if they are going to come into office 1 day a week.

 

[PandaBear]

i’m waiting to see on wfh, but i have to wonder if its not company to company. Not all positions can be done 100% from home, and if the company has a mix, how does one keep jealousy in check?

The same way how you keep jealousy in check between good and bad employees. Some who has to come to office will be paid more or have an easier job (only do things that cannot be done remotely).