From Deseret News archives:
Dixie housing costs squeezing renters, others
But those same high prices are squeezing renters and pricing everyday workers like teachers, nurses, police and firefighters out of the market.
Jeremiah Skeem, 23, an employee at Discount Tire Co. in Washington, calls the area's home prices disheartening.
Skeem, who has a household income of $43,000, pays $600 a month in rent for a two-bedroom apartment, but high house prices have him considering a move back to his hometown of Delta.
"You keep hearing people say that home prices are overvalued, so you hope that they will come down," Skeem said. "If you can find a home under $200,000, that is a steal. Every once in a while you'll see one for $150,000 or $160,000, but usually it is just a shanty somewhere."
Carol Sapp, executive officer of the Southern Utah Home Builders Association, said sky-high housing prices have created a "work-force housing crisis."
"People aren't going to really listen until the 'haves,' those who have housing, can't get people to change their bedpans when they are in the hospital," Sapp said. "That's when they will begin to pay attention."
"We ran into this problem about a year ago," said Ladel Laub of Dixie Escalante Electric, a nonprofit utility company providing service to clients throughout southern Utah. "We've been having a hard time recruiting and retaining people because of the high price of homes."
To help solve that problem, Laub said, the company developed a special housing allowance compensation plan for all its employees.
The program kicks in after a year of service and is stair-stepped to give employees up to $40,000 to be used toward purchasing a home. They can even take the full $40,000 up front by signing a loan agreement to pay the amount back with 5 percent interest if they quit the program early.
Employees repay the loan through the housing allowance they receive from the company. Those who stay with the company for 20 years or more wind up getting the best deal, because the housing loan and yearly housing allowance cancel each other out, Laub said.
"It's been very successful," he said. "Turnover is a real concern for anybody that has to invest in training people. We probably invest over $40,000 in training for our new people, and then we've had them leave for the same job and cheaper housing elsewhere.
Comments
- Tiger opens with a 66 in Australia 1:18 a.m.
- Crash kills Utah County man 1:12 a.m.
- UCAT cheaper education option 1:12 a.m.
- Post office to be named for Rex Lee 1:11 a.m.
- Police probe synagogue vandalism 1:09 a.m.
- New charges added in fraud case 1:09 a.m.
- Mom takes plea deal in girl's beating 1:08 a.m.
- Drug trafficking operation busted 1:07 a.m.
- News yule writing contest starting up 12:59 a.m.
- Alpine District school honored 12:59 a.m.
- SLC council OKs gay rights policies
- 'Love story' of crash victim ends
- Utah Jazz have a problem at point
- BYU football recruit turning heads
- Alta's Ohai is Ms. Soccer 2009
- Prep football: Felt's Facts Week
- 12 Utes return to Texas
- Cougars' defensive hoops clinic
- Long days for BYU interns
- Wyoming writer amazed by BYU
- House passes health care bill
287 - SLC council OKs gay rights policies
246 - TCU showdown has big implications
193 - Senators want food tax restored
157 - Cougars crush hapless Cowboys
155 - Utah Jazz fall apart against Kings
131 - TCU 4th in AP poll; U. 16th, Y. 22nd
119 - S.L. vote pending on gay protections
109 - Pratt pleads not guilty to sex charges
101 - Letters: Strange breed in Utah
92
Maybe someone out there can help me understand how raising the state...
Beck, Hannity, and Limbaugh get the audience they deserve and vice versa. ...
I find the rule,very discriminitory. I am not gay, I don't understand what...
I understand we were outmanned last night. However, this effort was awful....
My advice to Jonathan is shoot it when they pass it to you as soon as you...
Maybe they should try drafting a shooting guard who can shoot from outside ....
The sad thing about it is that there are actually people out there that are...
Thank you TCU and BYU. Your wanting to beat Utah so bad has to drive you...
Play fes and koufos. Look to the future. It looks like we will have two...
Oh come on. Obama's a horrible president, but I couldn't care less which...
"We had the best soccer of any place in the state. There's no disputing...



You can be the first to comment on this story.