Train left the station...
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- Apr 4, 2020
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He ain't woofin'. I'd seen it...being finally in a position to price out a small home. Stuff with a history of selling for less than $10k a year ago, in backwaters like Libby or Troy...are now going for $50k and up.Inflation and White flight. Homes are up 100% over last year in some areas, like Whitefish and Kalispell. Residential lots and small tracts are up 500% from what they were 3 years ago.
Only an idiot or lunatic would buy in this market. Will it get worse? It won't get cheaper - because the currency is being debased. But if it's possible to find some other arrangement, putting money into something else - like guns or supplies - will get more value. Even gold. This cannot go on, where everything is being debased, and hyperinflation is running riot.
One other thought: Just as with Californistan, once the big money starts chasing real estate, and the Beautiful People come in...the whole state goes to hell. And Montana will do that, faster - it doesn't have the idyllic weather that Santa Barbara has. And we're a lot further into systemic societal collapse.