Rents are too expensive for the people just starting out and for those who are
just trying to find their final place to call home. We've always lived in
apartments but after our last apartment manager we moved. We evidently had the
wrong skin color. We considered moving into a town home but we couldn't get
the funding. Wanted a condo but then we would have had HOA fees. We were able
to find a house to buy and we love our new neighborhood. While it is a 10 minute
walk to the bus stop I am within walking distance of church and Walmart. No loud
neighbors except for July 4th and 24th. We do make it to our old neighborhood
every so often and it's scary how many more apartment buildings are being
built but they are too expensive even for someone on Section 8. While I believe
that everyone needs a place to call home everyone needs to do their part to be a
good neighbor. If you or someone you know is a vet and homeless look into
getting a home loan. Just make sure you are pre-quilafied before looking for a
new home. It will make getting a new home that much easier.
We used to live in Utah County and I agree the prices are out of control. I
certainly think we are in bubble territory. I see echoes this in in St. George
too. The last 8 years of zero-interest rate at the Fed has led builders to
concentrate on building houses on the high end, while neglecting affordable
Utah politicians have pretty much sold the state out to the cheap-labor lobby,
as championed and coordinated by the Salt Lake Chamber of Commerce and others.
It's the same old story: Employers want to pay the absolute lowest wages
possible, and then let the taxpayers cover all the "fringe" benefits,
like medical, dental, disability, education, etc., including all the "social
service" subsidies for housing, food, etc. Every time some industry has a
challenge, we're all supposed to bend (or ignore) sensible public policy
and rush to fill their supposed vacuum. "So and so can't get the
workers he wants!" Well guess what, so and so employees can't find the
jobs or the careers they want either--but they still have to pay their taxes.
Particularly now, too many jobs are part-time, low-paying, with no real career
prospects anywhere in sight. It's time to stop the unfettered invasion of
this nation, and time for folks to find ways of solving their challenges without
gouging someone else.
Facts missing in this story:1. 898 homes in pre foreclosure or available
for auction in Salt Lake County.2. 2,415 existing homes available in Salt
Lake County.3. 2,135 new homes available in Salt Lake County.The news articles would have more relevance, meaning and value if the articles
were more complete and not just pointing to a position.
UtahBlueDevil - Durham, NCMarch 16, 2017 10:01 p.m.Baloney. If what
was being claimed were true, it would show up in the economics. And while home
prices are rising in Utah, they are nothing compared to other parts of the
country where there truly is housing shortages. Yes, but wages are
not going up fast enough for people to find affordable housing along the Wasatch
Front. It is ridiculous what houses are selling for with the average wages here.
Shortage of affordable housing and greed are the problems.
Well planned downtown housing that is integrated would really push Salt Lake
City from being a commuter city to a functional downtown where people can live
downtown. Instead of building out we should be planning upward. Not
everyone wants a house with a yard. I know plenty of boomers who have sent the
kids to college and look forward to getting rid of the lawn mower and downsizing
to a nice condo.
An increase in multi-family usually leads us out of a housing slump. We are
still below pre-2008 housing start levels.
I am confused why so many are calling baloney on this. My wife and I have
been looking for a house for the past year (Salt Lake, Utah (north), and Davis
counties). We have watched as house prices went up 10% in Sandy area in 2016 and
are pricing us out (80's split levels are selling around $400k in our
neighborhood-an older part of Sandy). Making around 50k (and saving almost half
of that), we can't afford any houses east of I-15 in SL valley, or in
northern Utah county. According to the Federal Bank, house prices in Utah are
close to 10% above the highest point of the housing bubble (Q4 of 2007). It's crazy here in Utah. We have a few friends and family members
who are in the same situation and are either renting or living with family until
they can afford homes.
Oh No! The sky is falling, the sky is falling! The reason some folks are
doubling up is because wages are low and others aren't even working. Still
others aren't willing to accept what they can afford, and others want to
start out with a 3,000 sq ft home comparable to what their parents own.The 2008 economic crisis was caused by people wanting more than they could
afford. Are we headed there again? Claiming a shortage of workers is
unjustified. When wages are high enough there will be plenty of workers, or is
this justification for flooding the labor market with cheap illegal foreign
I shared this with my spouse when i read it this morning -- he's in the
construction industry -- reacted with disdain, like some of these commenters.
On top of that I got an email from Zillow this morning telling me it's a
buyer's market in my zip code (east side salt lake valley) -- Market
temperature "Chilly" it said. How could this be if there's a
shortage?I hope DNews will clarify.
airnaut,"Seems like someone in the real estate industry is trying
inflate prices via rumor.Like the old "bacon shortage" rumor
that doubled bacon prices..."I completely agree. They also want
to force cities to rezone areas to build new houses.It's all a
Time to stop building out and start building up. Not everyone needs 1/2 acres
with 4,000 sq ft. High rise living should be a big part of our planning instead
@arand There is always someone who uses the logic (?) that we don't want
to become like L.A. and it usually has to do with traffic congestion. Typically
this specific comment is from someone from a more rural part of the State than
right on the Wasatch Front. (Those on the Wasatch Front bemoan the sale of farm
land for housing---see my previous post about that issue.)With
respect to L.A. and traffic, it is physically IMPOSSIBLE for us to ever approach
the size of L.A. or its traffic problems. (Although I admit UDOT is following
California's poor example [for us, maybe good for them] with the HOV lanes,
instead of the metro Phoenix area.) I suspect you haven't been to L.A. for
a while. Fly in or out of LAX on a sunny day and sit by the window and actually
look at what is there and you'll conclude we could NEVER reach that size.
I guess it makes a good panic/desparation argument, though.
Seems like someone in the real estate industry is trying inflate prices via
rumor.Like the old "bacon shortage" rumor that doubled bacon
The shortage is for 'new' units, not existing homes being sold.
Though the resale market is lower than usual on available units.
Horror of horrors, people might have to buy a home that isn't brand new.
(Eeew!)Let the invisible hand do its work.Note to
reporters: Stop hanging around Chamber of Commerce luncheons.
I would say enough is enough. We don't want to end up like Los Angeles
where it takes an hour or two to get to work every day. We need to have the
infrastructure in place first. Water is another factor. Just because we had a
great snow season doesn't mean we will never have another drought. I know
the State and Cities want more money but do we really want to ruin UT with over
population? Also, don't forget about the smog situation, the gang
situation and the homeless situation. We have to ask ourselves what are we
really doing. Money is not everything, but it sure looks like it. Stop and
Not enough skilled labor? I don't get it. There seems to be more than
As someone who is in the construction industry, I can tell you that there is not
a labor shortage.If there was a shortage; wages, benefits, and the
treatment of construction professionals would have to be rising. This is not
happening. I just recently tried to test the waters to see what I
could get from different contractors and every single one of them complained
about how they can not find anyone but their benefits were substandard or
non-existent and they seriously were fighting me over a dollar on wage. Does
this sound like contractors are desperate for employees if they are arguing over
a dollar?My only regret was I should have asked for more money so I
could have seen the look on their face. I suggest these contractors go to
similar markets out of state and see what contractors are paying for quality
skilled tradesmen. A skilled tradesmen can go to these markets and make 90k with
benefits on a forty and basically have the same cost of living as they do here.
The Salt Lake valley cannot house millions of people. There is a physical
limit. There will never be a shortage of houses if you are willing to pay the
money asked. This is fundamental economics at work. Something our politicians
don't comprehend. We as a community are approaching the limit
of population without significantly impacting our quality of life. This is not
a crisis, but just reaching a realistic limit we would be wise not to exceed.
Housing prices have increased to the point where first-time home buyers are
being priced out of the market. This is not sustainable.I am
wondering why everyone thinks we need to commute to Salt Lake City to work?
This puts a lot of pressure on housing prices near Salt Lake.Why
aren't we encouraging more work options in the Ogden area? Or, Brigham
City? Or, Tremonton? There is land in these areas that could be built on
for houses. If the jobs were in these cities, people could live there and have
a short commute to work. Rather than so many who now commute to Salt Lake.
They may not be building houses fast enough, but they sure are building
apartment buildings like crazy.I've noticed there is an almost
constant stream of huge apartment projects going on all along the TRAX line. I
was wondering what the reason for that was, because it's phenominal the
number of construction projects going on all along the TRAX line from Sandy 1st
So (including the downtown area). The recent zoning change
allowing bigger/heavier buildings along the TRAX line explains it. Building a
single family dwelling in that area may not pay off for the developer, but a
huge apartment building pays a lot.Most people who want a
single-family McMansion don't want to live right next to the TRAX line
rumbling them out of bed early in the morning.There's tons of
construction going on right now (commercial and residential). If you are a
construction worker that still can't get hired... you better give up.Home construction is probably not keeping up with demand because there
is so much demand for these apartment building projects (which pay more for the
1. I do not believe this is a "crisis", and I think developers are
MAKING this a story.2. Trump is moving interest rates up.3. Salaries
are not moving up.4. Good luck trying to build all that with NO cheap,
experienced [illegal] labor you've grown accosted to for decades.
I moved to Utah four years ago. I've seen a lot of growth in Utah county.
People move here I think because of the job market. But once your here,
it's hard to find affordable housing. If you have family here then your
lucky because you can stay with them. I love this state people are friendly. I
just see that growth came to fast. Prices are to high for people starting out.
Pollution is big here. I hate to see that what was once farm land is now being
sold for commercial use.
People weren't meant to live on top of each other all up in each
others' business. High density housing turns good neighborhoods into
"the hood" and high crime areas. The less green space and more people,
the more crime there is. Yet city zoning boards have near complete autonomy to
shove residential and business up against watersheds, floodplains, and zone high
density apartments, condos, and townhomes...where ever they want. It's sad
because they (city management) see this as the only way to grow. The only thing
that grows is human misery.
It depends on where you are looking. Here in Vernal there are a LOT of vacant
homes. Of course, the unemployment rate is about 12%, the last I heard, which is
why there are many vacancies. And more businesses are closing...K-Mart, Payless
Shoes, and a few other smaller businesses.
I'll bet the foreclosure's from the last 8 years haven't hit the
market. I'll bet that there is a lot of car repose and credit card dept
default. I'll bet families are living together, hoping they can help each
other. Ya would think the Meade could be trusted with truth.
@Llew40 Sorry, but land owners have a right to sell their land for housing and
not everyone wants to be a farmer for centuries; decades is long enough for some
families. Plus, as families grow there is a greater need for housing. Wyoming
is losing population right now, and Utah did too back when Norm Bangerter was
Governor (in fact some of his family left Utah looking for work), so if you want
to enjoy the wide open spaces into perpetuity, move to Wyoming.Regulations that hamper builders profits are minimum sized dwellings/lots,
amount of exterior brick required, etc. Building permits are used to supplement
the general fund. Making that an enterprise fund would save money but every
local government loves that cash cow. And every builder wants to maximize his
profits. Who is looking out for the poor mortgage holder? No one; not the
builder, developer, city, realtor, or mortgage lender. They all want $$$.Planning regulations have become their own cesspool over the years. The
un-elected City Planner has more authority and influence over what is built is a
city than the Mayor. And if you think I'm wrong about that, ask those who
deal with them on a regular basis.
Stop inviting everyone to move to Utah. We don't need to build on every
piece of open space we have.
This article is biased and propaganda. We are at or near the precipice of a
housing crash. The last thing anyone should do is purchase another piece of
real estate at these outrageous and unsubstantiated prices. The
reason people are doubling up with friends and family is because they can't
afford the crazy high prices. This next crash is going to make 2008 look like a
Drive around town on shopping trips today (Provo & Springville) and counted
over 50 for sale signs. Opps, I guess this shortage is only for townhomes and
I've lived in the Salt Lake valley for over a decade and it saddens me that
our last precious acres of open space and farmland is about to be eaten up by
Baloney. If what was being claimed were true, it would show up in the
economics. And while home prices are rising in Utah, they are nothing compared
to other parts of the country where there truly is housing shortages. If
Utah has anything, it is lots of open land. Not water, but land.This is purely a scam by the builders association to further do what they have
done so far, built communities with little planning. To blame the problem on
zoning.... or building regulations. Somehow other places they seem to be able
to deal with the issue. Sure building and planning can be a hurdle, but that is
why you get paid the margins you get on these homes you build. If it were
"easy", any dim wit with a hammer could be out there being a
"builder"Stop blaming the government for your business
issues. Everyone in every industry has to deal with issues. This is just a
bunch of whinny builders trying to leverage their buddies in city hall to do
what is easy for them, and not what is right for the communities they build in.
Be creative for once.