Correction, it's not people buying homes above asking price. It's businesses and investors to create short term rentals and Airbnb's which pushes out the regular buyers and destroyed what St George once was. There are entire neighborhoods there that are pure short term rentals. Allowing businesses to purchase homes has destroyed our real estate market.
@@tifacola That's not accurate, so have literally stayed at entire neighborhoods that are Airbnb's in St George twice in the past 2 months. There are literally ones from vacation freedom rentals that have an entire neighborhood of homes and they just put some plaque on the door with a random name to differentiate them. I suggest you do a little more research
@@neo7759 the sale of those homes are not going to affect the value of homes outside of those communities. Those homes usually don’t have views or private pools.
Utah is absolutely not transparent in real estate. Other states show what houses sold for so that buyers have an idea of how much to actually offer on a home. And diversity is beautiful until you start having a bunch of section 8 housing and a bunch of crime popping up in your area.
The local market has slowed. Some cash buyers are out there coming in from SLC. Mortgage deals appear stagnant with many potential buyers on hold. VRBO market has had success going to annual leases. Some subdivisions are developing streets and preparing lots, but most activity remains commercial and civil projects. Just my assessment.
Whoever it is buying these houses at these prices is chasing a lot of natives out of Utah. My husband is a plumber, with both new construction & service experience. I have to work full time for our income to even cover our expenses without a mortgage. Thankfully rent is still somewhat affordable, but still double what we paid just 4 years ago. But like $1600/mo less than we'd pay if we bought the same house we're renting. New construction residential plumbing jobs won't pay my husband nearly what he makes now in commercial plumbing, so he left that field as did a ton of his colleagues. The quality of plumbing on new build homes is terrifying. And now that those contractors can mostly only afford inexperienced plumbers, i imagine the quality could get even worse. We are gearing up to leave Utah. Based pretty much entirely on the cost factor. Too expensive. Love my home state and would love to stay close to family, but truth is that my generation of family all likely have to leave soon as well.
The market here has been shocking. What we sold our house for in 2021 in Socal, would cost us 2 times as much to have in St George. There are a lot of greedy people in this area, everywhere of course, but for an area that is full of church goers, it's been a pretty shocking thing to observe.
Having been Mormon 54 yrs living in St. George and SLC I find the greed quite rampant among church members. Even historically it is evidenced by the “elites” of the church. Say what you will but that is my pov and I agree with you
@@jasonjohnson9865having lived in a neighborhood with a lot of the people profiting from the high demand for houses, I can attest there are a chunk of those who are greedy who are also church goers. Hypocritical and deeply greedy. Not cause the church made them that way. But they definitely think they are good people and congratulate each other on their perceived goodness and they don't give too hoots about others. This was the same ward that just a couple after my daughter died from brain cancer, I had a baby, was very sick with chronic illness and my husband lost his job cause his bosses were uncomfortable that he had pictures of our daughter on his desk--- and this ward told us we were unreasonable to expect any assistance including with just food. My monthly rent cost less than half what most relief society women's purses did. My daughter and son were at an age they should probably not have to share a room and they had to cause we were only in a two bedroom. Baby had to be in our room. We had no cable, no car payment, no credit cards and didn't eat out. I think we didn't even have internet except maybe through a free school program. I didn't get my hair or nails done, never bought new clothes... we weren't excessive. And they treated us like we were taking advantage. That's the area we spent the most time we lived any one given place in our whole marriage. They were like this all the years we lived there. Owners of large companies that build many of the new homes in Utah. Among mortgage bank owners. They greatly influence the market. Oh, and the very same mortgage company owned by one of the neighbors in that area, years later, let me go when I had pregnancy complications and stopped being able to eat. Definitely there's greed among the church goers.
I suppose if we dodge ww3, an economic collapse, a real pandemic, 40 million "newcomers" in 3 years, or a devastating drought, we might see 485,000 population in St. George by 2060.. At todays prices and rates, a 300k house is way out of reach for 80% of the population.. I would focus on the 20% and build 700k to multi million dollar. 1 problem is if the california market really tanks, it will bring Utah and Nashville and Austin and all the hot spots way down imo.. We might end up with a situation like the North East has where some of the most expensive zip codes in the country sit right next to some of the poorest zip codes in the country.. I miss the times when young familys could buy and move to bigger and better later on. Utah has priced out its youth just like Idaho, Montana etc...
Kinda funny that you say taxes are lower here than in "other states" -- Utah actually has the 10th highest tax burden in the country. The only states west of the rockies with higher tax burdens are California and Hawaii. So while it is "technically true", if taxes were a significant reason for people to move here, it would be a much better reason for them to move somewhere else.
I am a native here in UT. Our family moved to st george for my husband's job and we hate it. Compared to most of Utah... - Crime is high here. Theft is a biggie and we already witnessed violence. Never had to lock my doors at night ever in UT until St George. - Hideous and depressing scenery. St George has a high population of millionaire's and their mansions pollute the hills in every direction and they're golf courses are just as insulting, especially during droughts. - Overpopulation. Clastrophobia anytime you take your family to a local outting, hard to get into doctor's appontments, traffic is bad because city growing faster than road construction and, again, crime is high. - Rent and utilities are high here. Property management are all slumlords, utility companies are unethical. - The heat is unbearable and worse than Vegas due to the added humidity. - Street designs are absurd. Unnecessary roundabouts and winding roads everywhere. - Wages low here while housing costs rise.
It's really unfortunate that many Utahns will talk about the importance of modesty and humility, and then not even think once about applying those principles when they're designing a house.
Until there is an increase in wages and more reliable jobs for those who don't have the experience, the ability to get into a home here in St. George is still out of reach. It seems like the cost of living is way more than the jobs are willing to pay. Until employers are willing to hire those who don't have experience and are willing to learn on the job, then there will never be that opportunity to become a homeowner. Low-income people have become the new normal, and that goes to show how politicians don't care for those who are struggling. The politicians are more willing to honor the corporations that lobby for the tax-free benefits that Utah has offered.
Correction, it's not people buying homes above asking price. It's businesses and investors to create short term rentals and Airbnb's which pushes out the regular buyers and destroyed what St George once was. There are entire neighborhoods there that are pure short term rentals. Allowing businesses to purchase homes has destroyed our real estate market.
Not here! You can’t do Airbnb here.
@@tifacola That's not accurate, so have literally stayed at entire neighborhoods that are Airbnb's in St George twice in the past 2 months. There are literally ones from vacation freedom rentals that have an entire neighborhood of homes and they just put some plaque on the door with a random name to differentiate them. I suggest you do a little more research
@@neo7759 the sale of those homes are not going to affect the value of homes outside of those communities. Those homes usually don’t have views or private pools.
Utah is absolutely not transparent in real estate. Other states show what houses sold for so that buyers have an idea of how much to actually offer on a home.
And diversity is beautiful until you start having a bunch of section 8 housing and a bunch of crime popping up in your area.
The local market has slowed. Some cash buyers are out there coming in from SLC. Mortgage deals appear stagnant with many potential buyers on hold. VRBO market has had success going to annual leases. Some subdivisions are developing streets and preparing lots, but most activity remains commercial and civil projects. Just my assessment.
Great video Dan
I have 16 more year until retirement. I’ll be in St George. From Michigan. In the mean time, I’ll try to visit yearly for golf.
Whoever it is buying these houses at these prices is chasing a lot of natives out of Utah. My husband is a plumber, with both new construction & service experience. I have to work full time for our income to even cover our expenses without a mortgage. Thankfully rent is still somewhat affordable, but still double what we paid just 4 years ago. But like $1600/mo less than we'd pay if we bought the same house we're renting. New construction residential plumbing jobs won't pay my husband nearly what he makes now in commercial plumbing, so he left that field as did a ton of his colleagues. The quality of plumbing on new build homes is terrifying. And now that those contractors can mostly only afford inexperienced plumbers, i imagine the quality could get even worse.
We are gearing up to leave Utah. Based pretty much entirely on the cost factor. Too expensive. Love my home state and would love to stay close to family, but truth is that my generation of family all likely have to leave soon as well.
Seems like homes aren’t selling.
Where are you doing the interview? Is this an outdoor food/bar?
We shot this at Black Desert Resort. It's in front of one of the restaurants by the golf course.
The market here has been shocking. What we sold our house for in 2021 in Socal, would cost us 2 times as much to have in St George. There are a lot of greedy people in this area, everywhere of course, but for an area that is full of church goers, it's been a pretty shocking thing to observe.
Having been Mormon 54 yrs living in St. George and SLC I find the greed quite rampant among church members. Even historically it is evidenced by the “elites” of the church. Say what you will but that is my pov and I agree with you
Because a market is more expensive you conclude that the church going community is greedy?
@@jasonjohnson9865having lived in a neighborhood with a lot of the people profiting from the high demand for houses, I can attest there are a chunk of those who are greedy who are also church goers. Hypocritical and deeply greedy. Not cause the church made them that way. But they definitely think they are good people and congratulate each other on their perceived goodness and they don't give too hoots about others. This was the same ward that just a couple after my daughter died from brain cancer, I had a baby, was very sick with chronic illness and my husband lost his job cause his bosses were uncomfortable that he had pictures of our daughter on his desk--- and this ward told us we were unreasonable to expect any assistance including with just food. My monthly rent cost less than half what most relief society women's purses did. My daughter and son were at an age they should probably not have to share a room and they had to cause we were only in a two bedroom. Baby had to be in our room. We had no cable, no car payment, no credit cards and didn't eat out. I think we didn't even have internet except maybe through a free school program. I didn't get my hair or nails done, never bought new clothes... we weren't excessive. And they treated us like we were taking advantage. That's the area we spent the most time we lived any one given place in our whole marriage. They were like this all the years we lived there. Owners of large companies that build many of the new homes in Utah. Among mortgage bank owners. They greatly influence the market. Oh, and the very same mortgage company owned by one of the neighbors in that area, years later, let me go when I had pregnancy complications and stopped being able to eat. Definitely there's greed among the church goers.
I suppose if we dodge ww3, an economic collapse, a real pandemic, 40 million "newcomers" in 3 years, or a devastating drought, we might see 485,000 population in St. George by 2060.. At todays prices and rates, a 300k house is way out of reach for 80% of the population.. I would focus on the 20% and build 700k to multi million dollar. 1 problem is if the california market really tanks, it will bring Utah and Nashville and Austin and all the hot spots way down imo.. We might end up with a situation like the North East has where some of the most expensive zip codes in the country sit right next to some of the poorest zip codes in the country.. I miss the times when young familys could buy and move to bigger and better later on. Utah has priced out its youth just like Idaho, Montana etc...
Kinda funny that you say taxes are lower here than in "other states" -- Utah actually has the 10th highest tax burden in the country. The only states west of the rockies with higher tax burdens are California and Hawaii. So while it is "technically true", if taxes were a significant reason for people to move here, it would be a much better reason for them to move somewhere else.
I am a native here in UT. Our family moved to st george for my husband's job and we hate it.
Compared to most of Utah...
- Crime is high here. Theft is a biggie and we already witnessed violence. Never had to lock my doors at night ever in UT until St George.
- Hideous and depressing scenery. St George has a high population of millionaire's and their mansions pollute the hills in every direction and they're golf courses are just as insulting, especially during droughts.
- Overpopulation. Clastrophobia anytime you take your family to a local outting, hard to get into doctor's appontments, traffic is bad because city growing faster than road construction and, again, crime is high.
- Rent and utilities are high here. Property management are all slumlords, utility companies are unethical.
- The heat is unbearable and worse than Vegas due to the added humidity.
- Street designs are absurd. Unnecessary roundabouts and winding roads everywhere.
- Wages low here while housing costs rise.
You’re full of shit apparently 😂😂
Vegas is way hotter than St. George lmao
@@Lordperson3 I was told that plus more people well for now ...But we will be getting casinos in shortly .to ruin more of Saint George
The short term rental market in Washington county is collapsing under it's own weight.
It's really unfortunate that many Utahns will talk about the importance of modesty and humility, and then not even think once about applying those principles when they're designing a house.
The market is crashing everywhere. It’s all going to implode.
Until there is an increase in wages and more reliable jobs for those who don't have the experience, the ability to get into a home here in St. George is still out of reach. It seems like the cost of living is way more than the jobs are willing to pay. Until employers are willing to hire those who don't have experience and are willing to learn on the job, then there will never be that opportunity to become a homeowner. Low-income people have become the new normal, and that goes to show how politicians don't care for those who are struggling. The politicians are more willing to honor the corporations that lobby for the tax-free benefits that Utah has offered.
They have ruined St. George.
So what happened to this guy…?