Why Are Hordes Of Wealthy People Hitting The Escape Button And Heading To Montana?

Activist Post ^ | 6-14=2021 | Michael Snyder

[blam]

Why have thousands upon thousands of very wealthy people suddenly felt an overwhelming urge to buy a home in Montana? At this moment, Montana is one of the hottest real estate markets in the entire country. When a desirable house is put on the market, it can often spark a wild bidding war. Of course the vast majority of the potential buyers involved in these bidding wars do not actually have any roots in Montana at all. Vast hordes of wealthy individuals from Los Angeles, San Francisco, New York and other major cities are flooding into the state, and there is only a limited amount of housing to accommodate them. As a result, home prices are being pushed to absolutely absurd levels.

In the Flathead Valley, home builders have been working incredibly hard to construct houses for the new arrivals. The following comes from a New York Post article entitled “Montana, the sold-out state New Yorkers can’t get enough of”…

All around the Lodge, along Montana Highway 35, from Kalispell to Whitefish, are what the locals call “COVID homes,” prefabricated track houses that line up along what used to be a timber farm — all of which were built last year and sold at around $550,000.

“Most were bought sight unseen for cash deals,” said Doug Averill.

$550,000 may have seemed like a hefty price when those homes originally went up, but today $550,000 would be considered a bargain price.

That is because the average selling price of a home in Flathead County has now risen to more than $638,000…

In May 2020, the average sale price for a home in Flathead County was $447,387 — a year later it had increased to $638,992. The average number of days a property stayed on the market...

(snip)

[Red Badger]

They want to stay wealthy.........................

Wealthy people and poor people are in their situations for the same exact reasons.

Each group keeps doing that which will continue their status...........................

[qaz123]

They ruin everything they touch.

[9422WMR]

They won’t last the winter.

[Responsibility2nd]

Turn me loose set me free.

Somewhere in the middle of Montana.

[rktman]

Bye, bye Montana.

[blam]

"Many are blaming the COVID pandemic, and that certainly played a major role at first, but now the COVID pandemic is subsiding."

"Ultimately, I believe the the largest reason why we are seeing such a home buying frenzy is because people can see that our society is starting to come apart at the seams and they can sense that enormous trouble is ahead."

[cgbg]

They won’t last the winter.

So true.

We were tourists in Whitefish a few years back and I was talking with one of the locals. I asked him how much snow they get in the winter months. He walked up to one of the light posts and reached up as high as his arm could go--and said "that much".

;-)

[ProtectOurFreedom]

Because Idaho is full.

[Tell It Right]

Part of it is a generational thing. Most of our wealthy people are in the baby boom generation because they've spent a lifetime building their wealth and are ready to retire in areas that don't necessarily have good work options. Now's the time to live out "away form it all" like you've always wanted.

When the next generational wave -- the Generation X'ers -- retire there will be another wave doing the same thing.

[Tolerance Sucks Rocks]

In other news, Steve Daines started to peruse the want ads, as Montana is now irrevocably blue.

[ProtectOurFreedom]

"prefabricated track houses"

Are they brought in on flatcars? Or are they just adding a bedroom and a bathroom to the flatcar. Some prefabricated track houses are really lux...

[Autonomous User]

Why have thousands upon thousands of very wealthy people suddenly felt an overwhelming urge to buy a home in Montana?

-—Why they want to raise them up a crop of
Dental Floss Raisin’ it up
Waxen it down In a little white box

[falcon99]

They have ruined where they live by voting for leftist policies and now want to escape the results of their votes. Montana will be a gonner since Leftists aren’t smart or intellectually honest enough to admit what they did and to not repeat it.

[FlyingEagle]

I might be movin’ to Montana soon
Just to raise me up a flop of dental floss

Raisin’ it up, waxen it down
In a little white box that I can sell uptown

By myself, I wouldn’t fave no boss
But I’d be raisin’ my lonely dental floss

Raisin’ my lonely dental floss
Raisin’ my lonely dental floss

Well, I just might grow me some bees
But I’d leave the sweet stuff to somebody else
How about you there?
But then, on the other hand I would

Keep the wax and melt it down
Pluck some floss and swish it aroun’

And I’ll have me a crop
An’ it’d be on top, that’s why I’m movin’ to Montana

Movin’ to Montana soon
Gonna be a dental floss tycoon, yes I am

[BenLurkin]

ping

[Renfrew]

I’m not sure many of these people are buying these places to live. The elite all have many homes.

The standard to keep up with your friends these days is:
-A house in LA
-A condo in New York
-A beachfront in Florida
-A ski place in Idaho or Montana

[BipolarBob]

Bidenflation is coming. I look at my IRA rising a coupla’ hundred dollars everyday and used to think “Yippee!”. Nowadays I see it go up and know the dollar value went down that much. No more “Yiippee!” feelings anymore.

[dblshot]

Guess their assets will be frozen. But then at least they will still own them.

[Avalon Memories]

Because wealthy Leftists are hell-bent on colonizing red states.