“About six months ago, we were recruiting for a very high-level position in our company, we were recruiting somebody from California. They said, ‘You know what? Meridian, Idaho, is too expensive for me to live. It’s better for me to stay in California.’ Now how many of us have ever heard that? We never have.”-Garrett Lofto, President and CEO of JR Simplot, during the Associated Taxpayers of Idaho meeting on 01DEC2021
02 December 2021 (09:54-UTC-07 Tango 06) 11 Azar 1400/26 Rabi ‘ath-Thani 1443/28 Geng-Zi (10th month) 4719
A spat of news media reports offer overwhelming proof that a major housing price crash is coming for The Gem State of Idaho, and this comes just as many home owners just got another big county assessed increase in their property tax/fee schedules!
Biden’s Build Back Better bill’s low income housing vouchers will benefit only about 1-thousand-3-hundred Idahoans!
A Zions Bank economist recently stated to the Associated Taxpayers of Idaho: “I know that this level of housing price appreciation is unsustainable. It is, like, literally mathematically impossible for us to continue to have this level of housing price appreciation. My fear, of course, is that we see what we saw in 2009, where that big jump turns into big drops in housing prices.”-Robert Spendlove, Zions Bank Chief Economist, 01DEC2021
At the same Associated Taxpayers of Idaho meeting, gov’na Brad Little promised he would do something about skyrocketing property taxes and fees: “Property taxes continue to be a priority and I will work with the Legislature and organizations like ATI to find solutions to offer real and immediate property tax relief.”-Brad Little, Governor of Idaho, 01DEC2021
Idaho’s gov’na was not granted an increase in his housing allowance!
The Federal Housing Finance Agency (FHFA) U.S. House Price Index report of 30NOV2021.
Florida Atlantic University reports that homes in the Boise market are selling for an average of 80.5% more than what they are actually worth!
Florida Atlantic University also created a new ‘tool’ to help home sellers/buyers gage housing cycles, and predict the next crash!
Newspaper Idaho Statesman revealed that in November, Boise led the U.S. in crashing rents!
Despite main stream news sources, and housing developers/speculators, blaming Idaho’s high prices on lack of housing, this Good News Reality Group video report claims Boise’s housing inventory is actually up by 300%, as well as homes for sale are sitting on the market for longer, and that property tax/fee increases are driving locals out, warns that “even dual income families are gonna have a hard time qualifying”:
Zillow stops buying homes after losing $422-million, blaming volatile home prices, especially in the Boise area, for possibly rendering its Zestimate home pricing A-I tool ineffective!
KTVB news report about ‘luxury’ student apartments for Boise State University, replacing what were once affordable housing (this is called gentrification), warns it is a trend favoring out of state developers being allowed to happen by government officials:
Real estate researcher ATTOM recently revealed that home sellers in Boise were making an average of a 130.3% profit for the third quarter of 2021!
KREM reports housing costs in Northern Idaho drove a family to buy a boat for a home!
KREM reports that a Coeur d’Alene family now lives in North Carolina, due to lack of employment and outrageous housing costs in Idaho!
In July 2021, Local News 8 reported that the housing situation in Pocatello is being driven by housing developers seeking high profits, the situation in Idaho is so bad that low income workers must work an impossible 76 hours per week to afford a one bedroom apartment, Idaho is 5th ranked in the country for evictions & foreclosures:
Back in November, KIDO Talk Radio reported that rents were finally dropping in the Boise area.
Housing Crash Reality, 2021: FINALLY HITS BOISE-AREA REALTY MARKET WITH 920% CUTS!
My Immigrant Idaho, 2021: MEXICAN DRUG WAR TARGETS SOUTHEAST IDAHO, MORE THAN 200% INCREASE! CONNECTION TO PANDEMIC?
More Decline, 2019: POPEYES QUIETLY SHUTS DOWN FOUR IDAHO RESTAURANTS!
Idaho’s Continued Economic Destruction, 2018: “CLOSED INDEFINITELY”
More Decline 2017: NO MORE XMAS LIGHTS FOR CHUBBUCK? THE TRUTH ABOUT GENTRIFICATION (1066% increase in city services deposit, and 158% increase in monthly city services fees, since 1997!)
U.S. Job Losses, 2016: RURAL IDAHO KILLS THOUSANDS OF EQUINE JOBS & TENS OF MILLIONS IN REVENUES!
U.S. Job Losses, 2015: Taxpayer funded ‘BUY IDAHO’ program IS a BIG FAIL!
City of Boise launches surprise round up of homeless people, forced into concentration camp!
Government Incompetence, 2011: CONSTRUCTION COMPANIES SAY IDAHO CITY DRIVING DOWN THE ECONOMY WITH THEIR OUTRAGEOUS CONSTRUCTION FEES. IS POCATELLO VIOLATING STATE LAW?