[fyrffytr1]

Just checking Zillow, there are houses in the $300,000 range that have been on the market for over two months. Lower price houses are selling quicker.

[Vid]

What goes up, must come down. I’ve been a Certified Relocation Consultant with a major van line for the majority of my career, I’ve seen hot markets before but nothing like this. In my personal opinion the crest of the wave is *just* beginning to break but it’s still a mutha of a wave! Moving rates are ridiculous right now and have been for a while (like most everything else) but they are starting to decrease somewhat as we head into fall. They didn’t do that last year at this same point in time.

I was hoping to build a secondary 2 or 3 car garage on my house but have decided to not do anything for at least a couple of years. A close friend of mine took the plunge building his 100’x75’ dream shop which (from a car guy perspective) is just mind blowingly fabulous. Then reality sets in, it’s been such a nightmare he swears the stress of the project is taking years off of his life if it doesn’t kill him dead in his tracks from a stroke or heart attack first. Skyrocketing costs, flakey contractors, supply chain gridlock, and the city being unpredictability difficult… No thanks, I can wait until things settle down!


Sent from my iPhone using Tapatalk

[poncho-mike]

The tax value on my rental house went up 55%, and the rate was not adjusted, so my tax bill went up 55%. I have replacement value insurance on the house, and I'm expecting a nasty bump in that as well. The costs will either get passed onto the renter, or I will sell my rental and invest the money somewhere that doesn't cause me nearly as much a headache. Those two costs alone combine for an additional $1500 a year.

[bird72]

I should add that the 3 new buys on my block in last month were all sight unseen out of staters. More than pricing, I am marveling at the social / population shift change at hand.

[1965gp]

It is very interesting- oddly people in CA are telling me the same thing. People from out of state moving there.

I think you hit the nail on the head- population shift. Covid forced a lot of divorces, break ups, new babies, and a change in priorities in many.

[71GP76TA]

Originally Posted by bird72

I should add that the 3 new buys on my block in last month were all sight unseen out of staters. More than pricing, I am marveling at the social / population shift change at hand.

Wait until they experience a couple Montana winters..

[poncho-mike]

I work in design engineering. My employer has three manufacturing facilities within about a 20 mile radius, plus a fourth location that was mostly sales, marketing, and upper management (nice digs). I was based at the main manufacturing facility. I began working from home last March. Here are some details.

- I have been in to my home office four times this year so far.
- Last year I went to my home office six times.
- My immediate manager moved into a lake house his in-laws have about 2 hours away, and is renting his home.
- One of the people in my department was a young single mother. She moved back to SC and is living with her mother.
- Two of the guys I work closely with are working about half time from home, and come in about half the time.
- One guy moved to the NC mountains, and is working from home with an occasional trip in to the office.
- Two own beach houses, and have sold their local house and are both working from their second home.
- Because working from home has been so successful, my employer has decided that all of engineering can work remotely.
- A floor in the sales/marketing building will be dedicated to open workspaces where engineering will be based. We will not have assigned offices, and will be using it for meeting space when we need to get together as a group.
- There were a number of people that were near retirement but have postponed it because they can work from home or a second home and save commuting time/expense.

That's only the people I work closely with, I'm not sure how many others have changed their residence.

[bird72]

Originally Posted by poncho-mike

I work in design engineering. My employer has three manufacturing facilities within about a 20 mile radius, plus a fourth location that was mostly sales, marketing, and upper management (nice digs). I was based at the main manufacturing facility. I began working from home last March. Here are some details.

- I have been in to my home office four times this year so far.
- Last year I went to my home office six times.
- My immediate manager moved into a lake house his in-laws have about 2 hours away, and is renting his home.
- One of the people in my department was a young single mother. She moved back to SC and is living with her mother.
- Two of the guys I work closely with are working about half time from home, and come in about half the time.
- One guy moved to the NC mountains, and is working from home with an occasional trip in to the office.
- Two own beach houses, and have sold their local house and are both working from their second home.
- Because working from home has been so successful, my employer has decided that all of engineering can work remotely.
- A floor in the sales/marketing building will be dedicated to open workspaces where engineering will be based. We will not have assigned offices, and will be using it for meeting space when we need to get together as a group.
- There were a number of people that were near retirement but have postponed it because they can work from home or a second home and save commuting time/expense.

That's only the people I work closely with, I'm not sure how many others have changed their residence.

That is fascinating, THX for taking time to write out. As a retired engineer especially interesting.

[1969400HO]

A lot of ppl are switching to stay home workroom hime much as possible until they need to go into shop for specific reasons.

The rolls of ppl have definitely changed, the on-sight mechanics get sent files now the SW programmers used to do their on sight SW install-etc, yet thats getting delineated out some now.
Ppl are going creative to do distance work now a lot. I dont hear hardly ANY complaints, work in home and NO travel to shop get SAME PAY.

[keith k]

Originally Posted by poncho-mike

I work in design engineering. My employer has three manufacturing facilities within about a 20 mile radius, plus a fourth location that was mostly sales, marketing, and upper management (nice digs). I was based at the main manufacturing facility. I began working from home last March. Here are some details.

- I have been in to my home office four times this year so far.
- Last year I went to my home office six times.
- My immediate manager moved into a lake house his in-laws have about 2 hours away, and is renting his home.
- One of the people in my department was a young single mother. She moved back to SC and is living with her mother.
- Two of the guys I work closely with are working about half time from home, and come in about half the time.
- One guy moved to the NC mountains, and is working from home with an occasional trip in to the office.
- Two own beach houses, and have sold their local house and are both working from their second home.
- Because working from home has been so successful, my employer has decided that all of engineering can work remotely.
- A floor in the sales/marketing building will be dedicated to open workspaces where engineering will be based. We will not have assigned offices, and will be using it for meeting space when we need to get together as a group.
- There were a number of people that were near retirement but have postponed it because they can work from home or a second home and save commuting time/expense.

That's only the people I work closely with, I'm not sure how many others have changed their residence.

Interesting. Same experience for me (also an engineer) relative to everyone working from home for the last year and a half. But I've seen the reverse - people retiring earlier than they otherwise would have, because without the social interaction that being in-person brings, they just weren't finding the "job" rewarding enough anymore.

[poncho-mike]

keith k,

You never know what is on people's mind, and you can't always tell if they're being truthful. Before Covid, there are two people that have told me they were planning to retire in 2020, but they're still hanging around because they like to work from home. The staff has been surprisingly stable during Covid, with few departures. In the last few weeks, we had one young person decide to pursue a master's degree and has gone back to school. I'm getting a lot of jobs being sent to me through LinkedIn, but overall I think we've seen lower staff turnover during Covid than what we see in a normal year.

I know a lot of people don't like the idea of losing their fixed office space. That transition won't happen for at least another six months, so we'll see what happens when that change is finalized.

[gokitty]

Remember house prices in say, 2006 ? And then the bottom dropped out. Foreclosures were rampant. These bubbles do reach a point of unsustainability.

[The Champ]

Originally Posted by 71GP76TA

Wait until they experience a couple Montana winters..

They probably won't want to leave.

There is so much to do and see in the winter in Montana that anyone relocating there should be excited to experience the winter wonderland.

[straycat]

I can notice on the drive to work less traffic. Not because school is out but people working from home. But all good things must come to an end, on the news the other night companies are recalculating salaries for people working from home and it's not upward.

[71GP76TA]

Originally Posted by The Champ

They probably won't want to leave.

There is so much to do and see in the winter in Montana that anyone relocating there should be excited to experience the winter wonderland.

People from warmer climates experience below zero temps for a few months.. they might have second thoughts.

I grew up living in cold climates.. Eastern Washington.. Montana.. North Dakota.. Wyoming.. Sometimes I'd rather deal with that than the 90+ we deal with here 5 months out of the year. Hot sunny days get boring after a while. I prefer the winter months in this area as opposed to the summer ones..

[turbo69bird]

I’m a realtor and a builder , Come buy up
In northern Connecticut best values around . Market never really picked up here for the higher end stuff especially. Down near NYC is doing well but elsewhere it’s great deals , anything over $350k and below $1.2 is a bargain
To be had!

[turbo69bird]

Originally Posted by gokitty

Remember house prices in say, 2006 ? And then the bottom dropped out. Foreclosures were rampant. These bubbles do reach a point of unsustainability.

Once the moratorium on evictions and forbearance is up there’s gonna be some interesting stuff happening

[DaleO]

I'm one of those who have retired early, kind of. I am/was an aerospace engineer with Boeing and their problems started before covid with the two 737 Max crashes. Then covid hit and we eventually started working from home. I liked the commute but honestly the job got harder to do. I was on the 777X development program which was very dynamic and required in person effort in my case at least.

I haven't actually retired quite yet but what actually happened is Boeing put out a generous offer to bridge to early retirement along with a cash buyout based on years of service as well as continued health coverage. Many of us took it. I'll officially retire Oct 1 when I hit 55.

[turbo69bird]

Originally Posted by DaleO

I'm one of those who have retired early, kind of. I am/was an aerospace engineer with Boeing and their problems started before covid with the two 737 Max crashes. Then covid hit and we eventually started working from home. I liked the commute but honestly the job got harder to do. I was on the 777X development program which was very dynamic and required in person effort in my case at least.

I haven't actually retired quite yet but what actually happened is Boeing put out a generous offer to bridge to early retirement along with a cash buyout based on years of service as well as continued health coverage. Many of us took it. I'll officially retire Oct 1 when I hit 55.

Oooff don’t I know about Boeing. I day trade and bought big options on Boeing after the crash when things started looking better . Then covid hit and got crushed!! Had to buy like mad at $95 to dig out but came out well Freaking Boeing and FAA sure did drag thier feet getting that max recertified didn’t they? If that was a Cessna or a cirrus it would a been pilot error for sure��

Been self employed my whole life, I’ll be retired when I’m pushing up daisies

[The Champ]

Originally Posted by 71GP76TA

People from warmer climates experience below zero temps for a few months.. they might have second thoughts.

I'm MN - born and raised. Born in far northern MN and now live near Rochester, MN. I'Besides, MN, I've lived in WI, CA, TX, MO, VA and Europe. I've been to most of the 50 states, I've traveled as far north as the artic circle and as far south as South America.

Just talked to a woman from India (the Mayo Clinic in Rochester draws people from all over the world), who just loves the winters here. She doesn't like summer (and our's aren't bad) nearly as much as winter. She even used my line of "You can always put more clothes on if it's a little chilly...."

I have many friends of Hispanic descent who moved here from the south (southern US or from south of the border). They revel in our winters and our milder summers.

If someone from a warmer climate is buying a home "Up North", most of them will already realize that the temperature will be cooler. They have a reason to leave the warmer climate and feel