Quote:
Originally Posted by CoachKandSportsguy
hoping for / looking for increasing house prices isn't the goal you really want to have.
substantial increases greater than general inflation brings its own issues, including increases in insurance rates greater than inflation, potential increases in tax rates, inability for support/service labor to live here, and you can't spend it to pay for bills. . .
Colorado Ski Town Can't Fill $167,000 Salary Job Due to Housing Costs
I don't get the goal for increasing one's economic shelter costs or illiquid asset value unless you can monetize it easily and cheaply. excessive Increases in house value is just an ego massage, as its expensive to monetize it to pay bigger bills. |
Just on your Colorado link....sounds like somebody might need to encourage development of workforce housing in Steamboat Springs. They’re already leasing a hotel to house said employees. Other trendy locales in the US seem to make it work.