westbranch
Well-known member
Live within your means. If you're making $50k and the housing market is that insane, then move or find a different job.
I'd love to live on a popular lake in the area, but it's outrageously expensive to live on it. So I don't live on it.
Biggest cause of homelessness has to be drugs. But, it isn't anything like the homelessness you see in Mexico. They're usually blind or disabled, not like most homeless in the US who are able bodied people who just don't want to work. There's sooo many jobs right now. There isn't a reason to be out on the corner asking for money. Back in high-school, my boss offered jobs to homeless people, or people on the street corners with signs. And go figure, they never wanted a job, just a free handout...
I survived on $14/hr while going to college with enough left over to hunt almost every day. Just prioritized rent and food. Too many people think everything should be given to them.
Not sure how AirBNBs are the problem. Supply and Demand run the market, if there's a demand for vacation rentals, then people will purchase them. Sounds like you need more housing out there or you need to not look in the high end neighborhoods!
Real estate is so far from a free market running on supply from demand. AirBNBs are taking away from local long-term rental markets and it mainly affects people in low paying jobs such as tourism and hospitality. A lot of studies out there with details. For anyone that wants to vacation in western states it does affect you. I work in a professional services firm and we pay above average for the area and still have a hard time hiring. We will probably bump up our fees at least another 10% this next year due to local housing and needing to pay employees more. Cascading effect across communities. There are a ton of incentives out there encouraging behaviors in the housing market and so no reason we can't change those incentives to make improve housing in western states. For the majority of people buying 7-figure homes in the west those are not their only homes. I would bet its more common they are 3rd or 4th homes even. Something is wrong with the system when people are buying 4th homes for $3-4MM and only using it two weeks a year. I don't know what the answer is but thankfully there are people working on it. I know some people involved in this group locally:
Housing Solutions Partnership
Working on Solutions to increase the availability and affordability of housing in Kootenai County.
rhgip.com