Montana has a housing issue, however, could there be light at the end of the tunnel? Possibly, but it would result in a shake-up in the economy. Is it worth it?
Montana simply cannot have it both ways. Our housing issues are now at crisis level with soaring prices and next to no inventory. Have you known anyone who has tried to rent a trailer? It's next to impossible with very lengthy waiting lists.
I had a very interesting conversation yesterday with a friend I hadn't seen in months. We hadn't seen each other because she and her husband moved from Bozeman to Butte.
In Montana, we're seeing record-setting prices on, well, everything. That got me thinking a bit and here are 3 options for you to choose from, just pick one
How much is too much? As Bozeman landlords and property managers continue to raise the rent in their units, what is a fair amount? When is it too much?
Some experts are predicting a major housing crash is coming soon here in the United States. How will this affect the record home prices here in Montana?
I can't be the only one that thinks, "what in the world do these people do for a living that they can afford these home prices?". Throw in the fact that I see a lot of new cars in the driveways of these homes and I come to the conclusion that I've clearly failed in life.
The way that Empty Home Tax works is that there is a taxed percentage based on the value of the property. If that property is vacant for six months or more a year, the tax kicks in. In Vancouver, It started out at 1%, then moved to 1.25%. It's now at 3% for 2021.