Sorry for slow response but long day at the beach and needed get all the sand out of my britches. And thank you for your quick responses but with the oppressive heat there Im sure you are probably spending your days inside.
I do agree much of the blame lies with JPow and the Fed. The country was in a nice gentile recovery through 2016 until a change of administration pursuing growth at all costs was allowed to run amuck. Through 2019 all we heard was daily tweets about best economy ever, best stock market ever, tax cuts, lowest unemployment ever and more. However, in 2017 it was clear the country had recovered from the Great Recession and the Fed should have started raising rates to keep things on track. I blame JPow for allowing himself to be bullied by a guy who wanted to take credit for a supercharged economy that ultimately proved to be a disaster for inflationary forces.
I must admit to being confused that you are happy with a 3% mortgage? Isnt the whole point of moving to an isolated town far from any real real job center to have no mortgage? To pay cash for cheap housing with windfall profits from CA. Please dont tell me you moved with Uhaul like my Republican neighbor who left 2 weeks ago for Idaho.
A few observations back at you. When land is available and cheap there is no driver for appreciation. You need high paying jobs in modern industries for that rather than jobs in slaughterhouses and building homes for those slaughterhouse workers.
Here in Coastal San Diego and Carlsbad they are building commercial and residential everywhere! But they are now building mostly higher density. This will provide more affordable homes for our younger resident workers while making single family real estate even more valuable over time. Once again this is simple economics. We have something the destinations of those fleeing here never will. We have tons of high paying jobs in growth industries. I meet plenty of folks who are leaving for the places you hold so dear and unfortunately we are not sending our best. In return those coming here are among the best and brightest. Its tough here and not everyone can make it. Its nice to know there is a place like St George for those that cant.
Demographics truly is destiny.
Sadly, I fear you have let your political biases get the better of your financial well being.
