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The issue isn’t as much high prices, although we are in a bubble that is currently popping, the main issue is ongoing, too low pay.
Homes as investments as well.
Wow! What’s the deal with western Montana? I’m surprised housing is so expensive there. Or are wages just really low?
Low wages and a growing conservative retiree mecca, kind of like Arizona, but much less populated so there’s a much stronger impact.
Montana sells a lot of large properties with a provision that the surrounding land be a “nature reserves”, making them a valuable speculative asset for the rich.