3 ms·

It's a beautiful area with lots of nature-based activities nearby, and the prices are/were low enough that people moving away from California could buy a house

• bombcar 6y ago
  That makes sense, we're seeing a "covid bubble" from people from areas like CA into rural places - combined with the labor shortage and lumber prices this will cause some disruption for awhile, but then I expect we see a price crash there eventually, brought on by over-building.
  • dragonwriter 6y ago
    > That makes sense, we're seeing a "covid bubble" from people from areas like CA into rural places It has been fairly extensively covered that the COVID migration from coastal California is overwhelmingly to inland California (and not particularly to “rural places”; e.g., the main destination of the Bay Area COVID migration is the urban and suburban parts of the Sacramento metro.)
  • falcolas 6y ago
    > I expect we see a price crash there eventually, brought on by over-building. Sadly, it's not a covid-driven bubble. 5 years ago a new downtown development was selling condos at $600k a pop, and they were sold out before the building was finished. Affluent people have been moving here for decades now. ref. https://www.taunyafagan.com/bozeman-price-trends/ https://www.taunyafagan.com/bozeman-price-trends/ for the market around 10 years ago.