The Rich Devastate Montana’s Housing Market
West Coast and New York elite flock to Montana to flee their cities. They buy homes with cash and destroy the local real estate market. With prices toppling at unprecedented levels, it leaves the natives homeless. They can no longer afford to live in their hometowns.
Montana for sale
— Senryu
I cannot afford to buy
Local are homeless
The hardest hit areas circle around Western Montana and the Flat Head Valley. The cities of choice for the elite are Whitefish, Kallispell, and Missoula. Before the covid fiasco shook the United States, homes in these areas were 40% lower a year ago than today. In the Bozeman and Whitefish areas, homes now average between $650-700K. It’s out of reach for most natives as the median income comes in at $30-50k a year.
… just before the pandemic in December 2019, the average home price in Whitefish, a town of 7,700 people just south of Glacier National Park, was $369,450. A year and a half later, that has almost doubled — and the average home price is now $704,000.
Realtor.com
Working all day long
— Tanka Poem
Home listed and sold at dawn
No rentals exist
Money first, neighbors second
Look where greed has taken me
The Reason They Come
But they don’t only flee to Montana for homes. They come to escape crime-ridden Democrat ran states. In one weekend, some saw high levels of carnage in their cities.
Thirty-nine wounded, with five dead.
At least four major U.S. cities were reeling from an onslaught of mass shootings over the weekend that left at least 39 people wounded, five dead and police officials alarmed that the surge in gun violence is a prelude to a bloody summer as the nation emerges from the pandemic. … Police in Austin, Cleveland, Chicago and Savannah were all investigating on Sunday mass shootings that erupted over a six-hour streak that began around 9 p.m. on Friday and spilled over into Saturday morning.
— msn.com
The only ask I have is if anyone from those locations comes to Montana, leave your political leftist ideology behind. It’s not welcome. If you come for a chance at freedom, I welcome you with open arms.
Reference
Snyder, Michael. 2021. “Why Are Hordes Of Wealthy People Hitting The Escape Button And Heading To Montana?” The Economic Collapse. June 13, 2021.
