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I bet $485,000 is still pretty expensive compared to the local wages in Boise.
I bet $485,000 is still pretty expensive compared to the local wages in Boise.
Off the subject, I have seen in Florida and Baja Sur Mexico a huge increase in prices over the last several years because of people escaping NYC, CT, NJ, CA, OR, WA, Canada, and other places.
Guys I met in Baja Sur were working remotely and paying $500/month rent for a house instead of the high rents up north.
Factoid: in Baja Sur, you don't need AC nor heat from October until mid June, so your electric bill will be under $20/month.
Agreed, Baja is an overlooked cheap gem, also mostly spared from narc crime.
House I sold in CA and house I bought in ID, they seem to be tracking the same.
Agreed, Baja is an overlooked cheap gem, also mostly spared from narc crime.
mell says
Agreed, Baja is an overlooked cheap gem, also mostly spared from narc crime.
Funny timing on that statement:
Bloody mayhem erupted at a race in Baja California when drivers were ambushed by gunmen who opened fire on them, a shocking glimpse at the dangers of daily life in a region that is rife with drug cartel violence.
https://www.bizpacreview.com/2023/05/21/mexican-drug-cartels-battle-in-baja-california-region-11-dead-as-carnage-captured-on-video-1361019/
mell says
Agreed, Baja is an overlooked cheap gem, also mostly spared from narc crime.
Mostly spared from narc crime FOR NOW.
Eric Holder says
mell says
Agreed, Baja is an overlooked cheap gem, also mostly spared from narc crime.
Mostly spared from narc crime FOR NOW.
Yep
OK, it’s been one year. So what happened to Boise, ID RE? Prices have gone down.
The median sale price of a home in Idaho in March 2023 was $433,300, down 11.3% compared to last year.
https://www.noradarealestate.com/blog/idaho-housing-market/
In April 2023, Boise home prices were down 8.5% compared to last year, selling for a median price of $485K.
https://www.redfin.com/city/2287/ID/Boise/housing-market
The worst affected market was Boise, ID, where the cost of a home fell 15.4% in the year.
https://www.globest.com/2023/04/21/the-median-u-s-home-price-just-posted-its-largest-drop-since-2021/