The Lodge at Osprey Meadows has enjoyed eight sales in the last 11 months. With only 27 condo’s in the lodge, we currently have only 1 more re-sale unit available. Condo 415 is a two bedroom, two bathroom, 1,382 SF loft style unit situated on the top floor with vaulted ceilings and outstanding views of Lake Cascade and the Salmon River Mountain Range. Just take the elevator downstairs to enjoy the Fitness Center, Spa, locker rooms with Eucalyptus steam rooms, hot tub, seasonal pool, business center, bar, library, and the new fine dining restaurant opening in mid-December. Originally purchased for over $850,000, this turn key unit is now offered for only $299,900. Don’t miss out on the last remaining condo at these prices. Call Tamarack Realty at 208-325-1001 or contact Trisha Sears at email@example.com.
In a new Bloomberg story, the reporters Prashant Gopal and Noah Buhayar describe an “echo boom” in which Californians are invading cities in landlocked states out west, like Boise, Idaho; Phoenix, Arizona; and Reno, Nevada.
The article said the move was ignited by California’s record housing prices, volatile politics, high taxes, and “constant threat of natural disaster,” like the recent wildfires in the state.
It wasn’t long ago that people priced out of California were fleeing to Seattle and Portland, but prices — along with traffic and other frustrations — are rising there too. Earlier this year, Forbes named the roughly 700,000-person Boise metro area the fastest-growing U.S. city, followed by Seattle.
“Eventually the laws of supply and demand are going to drive people to other parts of the country,” Glenn Kelman, CEO of the real-estate firm Redfin, told Bloomberg. “Boise isn’t five times worse than California as a place to live. But places in California are five times more expensive.”
The median home price in California hit a record $600,000 in June, more than twice the national median. Bloomberg described Kelman as saying it was easy for homeowners relocating to places like Boise to feel as if they’re spending Monopoly money.
But frustrated locals feel that the Californians are driving up prices. The cost of a typical home in Ada County, which includes Boise, hit nearly $300,000 in September, an 18% jump from the previous year, Gopal and Buhayar reported. One new gated community sells homes with huge windows and “wine walls” to mostly out-of-state buyers, a sales agent told the news outlet.
Rent in these areas is also much cheaper. According to Zillow, the median rent in the Boise metro area is $1,400, compared with $2,300 in the Seattle metro area and $3,324 in the San Francisco metro area.
But the economic relief of moving to a down-home city is just one reason Idaho experienced a rise in popularity among Californians, who made up 85% of the state’s total domestic immigration in 2016, Bloomberg reported, citing an analysis of U.S. census data.
Boise has for years appeared on rankings of the best places to live by outlets like US News & World Report, Niche, and SmartAsset, touting spectacular outdoor attractions, a high quality of life, and safety, in addition to low taxes, affordable housing, and a strong job market.
**TAMARACK RESORT, IDAHO IS JUST 90 MILES NORTH OF BOISE, IDAHO. TAKE THE PAYETTE RIVER SCENIC BYWAY AND ESCAPE TO THE MOUNTAINS FOR AN ALL SEASON DESTINATION EXPERIENCE WITH EASY SKI, LAKE AND TRAIL ACCESS FROM VIRTUALLY EVERY PROPERTY. CALL TAMARACK REALTY TODAY FOR A TOUR OF THE RESORT AND AVAILABLE PROPERTIES.