Comments about ‘S.L., Provo/Orem, Ogden rank high for expensive housing’

Of course, this means that housing prices haven't gone up, they just haven't fallen as fast those in some other areas. I'm not familiar with Michigan, but I assume that housing there is so inexpensive because of the job market. Unemployment around Detroit is at depression levels.

Utah thinks it is Manhattan.

The easy money is gone, but the prices it created are not. There's no more funny money, so homes are going to have to drop to what people can afford with their actual earnings. Which are lower here.

Anyone who says we're "bottoming out" or "leveling off" or even "heating back up" is either terrible at math/common sense, or stands to profit from you believing him/her.

The housing market along the Wasatch front, both in rentals and in house purchases, thrives on greed. People want to live here, so the housing prices stay very high. They are out of the reach of people with ordinary incomes, such as teachers, law enforcement people, etc. It is utterly ridiculous that landlords in the Salt Lake Valley charge $800/mo. for a fairly normal 1 or 2-bedroom unit. I checked into a condo going in at Daybreak, and they were charging $139,000 for a 650-square-foot unit, plus $182/month in HOA fees. Unbelievable. This may mean that I, as a middle-aged single woman, might have to go back to a roommate situation like I had in college in order to afford housing.