Housing market shows no signs of slowing down [Coeur d'Alene, ID], Coeur d'Alene Press, February 22, 2021.
The average sale price of a home in Kootenai County was $415,000 in January, a 33% increase from January 2020, according to the Association of Realtors. Also in January, 184 homes were sold in Kootenai County, up 3.4% from the same month last year.
RedFin, a Seattle-based real estate brokerage, reported that the median sales prices of a home in Coeur d'Alene rose to $509,000, a 50% increase from a year ago.
A buddy lives in Idaho and is pretty active on the local political scene. He speaks about this quite often. How the locals are being forced, in some cases, and more than happy to sell, in others.
But the one thing that amazes me is......Who was the genius that tied home values to property taxes? Whoever he/she is, is a genius to some and the devil to others. Take Coure d’Alene, for example. Has the crime rate gone up with those increased home prices? What civil service has seen an increase due to home prices? If there are more kids in the local schools and they’re doing something to accommodate that, I can understand that. But from the Idahoans I know, most of the folks that are moving are empty-nester types from the West Coast. Bringing all their liberal utopian ideas with them and damned near EVERY SINGLE ONE OF THEM being in complete contradiction to what Idaho is all about.
But again, if there’s no increase in crime or the number of calls to the fire department and EMS and you’re not bumping the salaries up significantly, why the increase in property taxes? I mean, I know the answer, but it doesn’t appear that anyone ever seems to challenge this math.
“Smaller towns are growing like crazy now and pushing prices way up real fast. Locals are hating this!”
Our safe, no crime, 100% white little town of 400 has had 7-8 new homes built in the last year. Nearly all the people are from large cities from outside our area buying 5-10 acre plots outside of town
I think I'll pass on the whole state of Idaho.
They contaminate everything, everything they touch.
Oregon. Washington. Kolorado.
It's a crying shame.