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U.S. Housing Collapse: No more ‘My Immigrant Idaho’, mass exodus begins!

13 October 2022 (01:46-UTC-07 Tango 06) 21 Mehr 1401/17 Rabi ‘al-Awwal 1444/18 Geng-Xu 4720/13 октября 2022 года

Idaho’s reign as a top destination for domestic migrants (U.S. citizens leaving their states for The Gem State) was short lived, and is now reversing; more people leaving than coming in!

I’ve documented how for decades the entrenched, arrogant, leaders of Idaho boasted of how things were booming in Idaho, using domestic migration as one of their proofs.  They claimed that one reason for the influx of domestic migrants, was that Idaho was full of good paying jobs.  Anybody that has lived in Idaho for as long as I have knew that was a bold face lie!  I have experienced what I call revolving door employment for almost 20 years as employer after employer downsized or halted operations altogether!  If it wasn’t for the fact that my property is paid for, I would have been forced to move a long time ago.  (I am not here for the money, I love the climate and the space, which apparently is what many recent newbies to Idaho don’t like)

Here’s another wake up call for our fearless leaders: There was only a slight uptick in Idaho’s overall population, from 2010 to 2020.  According to the U.S. Census Bureau, the sparse population of the geographically large state of Idaho went from 1.8-million to only 1.9-million, despite a decade of ‘leaders’ telling us that the population was booming.  The overwhelming majority of that population growth took place in the Boise Metro Area (Treasure Valley, Southwestern Idaho region).

Here’s another reality check: More than 61% of land in Idaho is owned by the federal government. Less than 30% of available land is privately held.  So, in reality the relatively small population is partly due to lack of available privately owned land.  There is also the fact that one of President Joseph Robinette Biden Junior’s first executive orders (America the Beautiful Initiative, or 30×30 order)  makes it even harder to make land available in Idaho:

The state government owns land, and has been selling it off, not just to make more land available, but it has become a major revenue source for the state government (which might explain its mysterious budget surplus).

KTVB: Idaho turns to remote bidding to increase state-owned land sales

Men’sJournal: Study Finds Idaho Illegally Sold Public Land for 97 Years

Then there’s the fact that rich people from other states (Texas) are buying up private property and then using it to block access to public lands:

By 2020, moving company trackers had ranked Idaho as the number three destination, but now, just two years later an Atlanta, Georgia, moving assistance company reports that Idaho has dropped to 20th position, and the region of Eastern Idaho is experiencing a mass exodus!

While the Move Buddha report admits that people are changing their minds about moving to Idaho, the author still says Idaho is “The Place to Go”!  Move Buddha reports that the Eastern Idaho city of Rexburg, home to the Brigham Young University-Idaho, is bleeding residents, and blames it on lack of jobs.  According to Move Buddha’s “in-to-out” formula, for every 49 people moving into Rexburg, 1-hundered are leaving!  In Rexburg’s next door city of Idaho Falls, once the economic darling of Eastern Idaho, there are now 1-hundred people leaving for every 95 moving in!

But even the top five cities that people still want to move to are on the decline, with Southwestern Idaho’s Eagle leading the pack with a 56% decrease in Move Buddha’s “in-to-out ratio”.

107.9LITEFM: Idaho experiences largest migration drop in entire U.S.!

KBOI: Idaho sees a 60% decline in new people moving in from 2020.

The Center Square: It is not just Idaho, the entire Pacific Northwest is losing population.

29APR2022:

 

27APR2021:

05DEC2018:

There is still massive housing construction going on in Idaho, all across the state, it has been going on since the late 1990s.  Housing developers and politicians have always claimed it is because the population is booming, and it is necessary to keep housing costs down.  That is interesting, because homes prices/values skyrocketed, anyway.  Just this year, Bannock County jacked up the value of my property to where they now consider it worth four times what I paid in 1997, despite the massive home construction that is still going on around my neighborhood!  In 1997, my neighborhood was surrounded on the south and west sides by farm fields.  By 1999, the farm land was sold and huge housing tracts were under construction.  This never let up, year after year the city slowly moved westward, annexing County territory, farm land being sold-off and new housing development taking its place.  The claim was that the population and economy is booming, yet starting in 2001, I witnessed, experienced and documented the economic destruction in my part of Bannock County, and it has never recovered.

Prices for homes are finally ticking down in Idaho, but don’t blame the Pandemic, the massive focus on property development, that was never justified, is to blame.  Now, the mass exodus that is beginning to take place will push Idaho’s housing market into the Pit of Hell.

U.S./Canadian Housing Hooliganism: DRUG LORDS, FOREIGN SPECULATORS & LLC MONOPOLIZING!

U.S. Disaster 2022: MORE WILDFIRES, BLAME HOUSING DEVELOPMENT SPECULATION GAME!

Idaho Collapse 2021: IDAHO HOUSING COSTS “LITERALLY MATHEMATICALLY IMPOSSIBLE”! KILLING IDAHO’S ECONOMY! GET READY FOR THE CRASH-N-BURN!

Chubbuck & Pocatello 2019:

Photo by AAron B. Hutchins, July 2019.

IDAHO’S BRIDGE TO NOWHERE?

My Immigrant Idaho 2021: MEXICAN DRUG WAR TARGETS SOUTHEAST IDAHO, MORE THAN 200% INCREASE! CONNECTION TO PANDEMIC?

My Immigrant Idaho 2016: FEDERALES (pronounced the Spanish way) SAY IDAHO IS DOMINATED BY POOR IMMIGRANTS!

Chubbuck 2017: NO MORE XMAS LIGHTS? THE TRUTH ABOUT GENTRIFICATION

In this report, which chronicles the destruction of iconic Green T, the mayor of Chubbuck boasts it’s “…the beginning of some real good things coming in.”: POPEYES QUIETLY SHUTS DOWN FOUR IDAHO RESTAURANTS!

Bannock County, Chubbuck & Pocatello shenanigans, June 2016: Governor declares economy has “RISEN FROM THE ASHES”

Hoku-Gate, PaveGate now Amy’s-Gate!  It’s been revealed that Bannock County administrators were under investigation by the Idaho Tax Commission over massive local tax breaks given to California based frozen veggie food maker Amy’s Kitchen.

EXCEPTIONAL FAILED STATE: IDAHO POLITICIANS GIVE AWAY TENS OF MILLIONS TO COMPANIES THAT SHUT DOWN!

Here is an old photo, via Margaret Facer, of the Alameda Plaza Albertson’s, in Pocatello, from 1966.

A HISTORY LESSON IN ECONOMIC DECLINE: POCATELLO’S OLD FRED MEYER & ALBERTSONS ON YELLOWSTONE AVE (Alameda Plaza), DID NOT CLOSE DOWN IN THE 1990S  (This story is more relevant because Kroger owned Fred Meyer is now celebrating 20 years at their ‘new’ location [which used to be the Pocatello Mall] in Pocatello.  Their old location was just across the street [where the ‘new’ Winco is] in the Alameda Plaza, back in the 1990s!)