Utah has more ‘million-dollar cities’ as home prices climb
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- Опубликовано: 2 окт 2024
- A new Zillow study put Utah in the top 15 states with the most "million-dollar cities." But other places in Utah aren't incredibly less expensive, economists say.
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Investors and companies are buying everything in utah. The regular first time home owner can’t compete with investors and companies, and the government of utah is allowing this. Vote accordingly.
You think that voting will solve this problem.... very interesting.
So you want a law to do what?
@@Tom-hz9oc because companies are “people” it would have to be a law that restricts people from owning more than 1, maybe 2 homes, 3 would be REALLY stretching it.
@@RileyStroud99 That would be totally unconstitutional.
@Tom-hz9oc cant wait for all the homeless because its to expensive to live, what happened to the america where you could by a home and raise a family off of one income? Guess i was born in the wrong decade,
Utah is out of control. Its ruined.
You can move to Arkansas or Louisiana or Mississippi where houses are really cheap.
They've all been picked up and flipped so many times they're all pretty much stuck up there as far as the prices go . @@hkschubert9938
So if it's ruined why are you still here? Oh, wait, another whiner.
@@TheGreenRoomOnline Another Utahn that just accepts getting railed lol
@@TheGreenRoomOnlinebecause how do you get up and leave everything behind on a whim. In state tuition, steady job, friends, and family but I still can’t find a affordable home
No way for younger families to even afford a condo here. This state used to be family friendly, now it is becoming terrible because all the land developers here are building no starter homes. A builder down from us was advertising affordable houses that are $450,000 for 1200 square feet.
If that's the case, then how is it families are affording to live here? Oh, wait. Families.making low wages can not afford to live here. Families on welfare while working full time and qualify for WIC and assistance can not affor to live here. They're being pushed out by people making more who don't need aid. That's what you really mean because tons of families are moving here who can afford it.
$450k has never been a starter home! And 1200 sf is a Habitat For Humanity sized home.
My 2200 square foot home which is in a quiet Texas suburb is $450,000 with cement board siding, grey beam foundation, and 16 OC studs.
The state needs to step in and require that all new single family home purchase should be primary residence. That would instantly flood the market and bring prices down.
Thats why we moved !. Greedy poeple who couldn't care less about families 😢
What if you’re a family of 7 trying to relocate to Utah. A condo just isn’t going to cut it! I really think some of the brokers themselves have their heads in the clouds!
If you're a family of 7 who cannot afford it then I guess you're not moving here then.
Utah, California 2.0.
ALL OF THAT INFLATION BEING PRINTED FOR UKRAINE.
Inflation is all of these printed and digitally created dollars that aren’t backed by gold.
We never left the standard, the standard changed….
It used to be 1.15 usd per gram of gold,
today it’s over 70.00 per gram of gold.
This has been happening long before Ukraine.
@@aesonica I say Ukraine cause it’s the most obvious to new comers to this topic.
It’s happening at home with money for homeless programs etc..
The over printing started when THEY SAID we went off of the gold standard.
In fact, we never got off of the standard, instead, the standard only changed.
Each and every dollar printed that went above the one for one standard was pure inflation.
HJR192 Led the way to inflation.
But it's still wrong regardless.@@duaneyoutbe
It’s not inflation it’s 1 in every 4 houses is being bought by investors
40 years ago 26,500 dollars gets you a high end all American luxury car brand spanking new and now 28,500 dollars barely gets you a brand midsized sedan not including BS fees.
Somehow, there is money coming in to encourage this. I can't afford any of it. Is it good for the counties to allow this type of building for the impacts they have on the communities?
its not the building so much its the location location location
@kevincraig8257 I just wonder if the people in the community can afford the increased tax burden. I'm sure everyone involved likes the numbers going up, I'm just not sure everyone effected can afford it and the overall impact this has.
@FlapSmear78 I must have missed something I thought these were existing housing just over inflated 50 to 75% equity in most states Texas is holding its own everything is inflated it comes down to energy costs lower them and things will come down to a more realistic state Trump he did it once he'll do it again
Our taxes increase has caused our house payment to go from 1400 a month to over 1700. You would think a larger tax base would make taxes lower😭
@@moonbuni59 I think that is unfair, imo.
MAKE IT STOP! Why tf do we feel the need to ruin EVERYTHING!?
And people fight against a 20.00 minimum wage when that won't even get you an apartment by yourself.
That will decrease available jobs, close many businesses, and INCREASE INFLATION... How TF do you not understand that?
Minimum wage hike won't fix the problem. We need to stop inflation and let business revenue catch up.
I make $19/hr and have barely enough to eat after rent and utilities each month by myself. It’s doable but come on
Try and take an Econ class before commenting.
Thats ridiculous how they have these houses so expensive, no one will be able to afford them, those houses isn't worth it, these investors are greedy as h*!!, then they be asking to buy my house for $300,000, where can you move to find a house cost that little
Yet people are buying them and affording them.
I guess they’re just trying to weed bad grammar out of the state. 🤷♀️
@@sv4996 Underbuying and over-selling, price-wise. Gotta take their cut to maintain their Silicon Valley kingship over the digital real estate marketplace.
It's weird because salt lake valley is esthetically not very nice.
I will never own a home in my home state. 😢
Utah, home of corporate America's subterranean world. Salt lake above, salt town below. Go go team zion!
o_0 wut?
I think you forget St. George
Those vacation destination locations are being bought by the real real rich and corporations to make a flip. Now FHO should seriously consider a new construction with acrage at a distant location 1-2hours away. Or change state... theres houses else where but not these 550 cites that have million dollar average homes. Location is drafing cost of the actual property at what makes these house "worth" that million
Wow
The crash will be epic.
@@fknfedup5428 man I really really hope so
Utah is unaffordable and has been for 30 plus years but Utah Legislature does nothing to address it except tax the poor more. The state, feds and church own 90 plus percent of all land holdings in the state which further elevates the price. The exploitation of women and free labor make it easier for many to buy these homes at these prices. Utah housing with crash and it will be the greed of the selfish patriarchy that lead us to this place. Governor Cox does nothing for the poor. Any winder??? What does she do? Nothing! She goes on expensive trips and brags about it on social media. But the poor and cost of living? Neglected. Just like the Mormon Jesus taught them.
If it's been unaffordable for 30 years then how is it growing so fast? Mormon Jesus taught them? I am Mormon and I was never taught that. Maybe your life is so miserable because you're not following Jesus. Just a thought.
@@TheGreenRoomOnlineyour comments on all of these just make you look like a miserable person.
Go buy in the Tooele Valley:
$425K & up. Brand new houses.
Million dollar homes there too
Million dollar homes there , too
@@sbfml232 yup but also affordable houses as well in the low $400K's as I said. Bought mine there. Beautiful valley! Clean air! Little traffic! No crime!
Heaven !!
There’s no jobs in that city
@@DesignLead same commute to SLC just higher speed.