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.
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.
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