Tuesday, July 14, 2020

Less deep economics

We had a gay couple in the neighborhood -- neighborhood out here being a rather expansive term, they live a mile or so away from me but that puts them in a group of 12 or so households. The past tense is because they sold their house for big bucks and they're moving to Telluride.

That's news because real estate out here was very cheap. Now all of a sudden there's a demand for rural real estate. I lived in Boston for 20 years in a 1,200 square foot condo in a two family house with about 100 square yards of lawn. I sold it for twice what my 17 acres, two bedroom house, and 1,200 square foot barn were worth last time I checked. Now that may be changing. No telling if this will last or how strong the effect will be, but it's something to keep an eye on. It will be good if housing in the cities is more affordable, but not so great if they start doing subdivisions and we get even more destruction of the wilderness and suburban sprawl. So far nobody's building anything here but we'll have to see if it stays that way.

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