Comments by "Fumble_ Brewski" (@fumble_brewski5410) on "CBS Sunday Morning" channel.

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  14.  @philmabarak5421  Property values, historically, increase/decrease as a function of the desirability (or lack thereof) of the particular location. Remember the old adage, "Location, location, location."? Here in Idaho at least, property values for SFH have soared in recent years due to the dramatic influx of out-of-staters, mostly from CA, OR and WA, although for some unknown reason, I've been noticing a lot of Texas license plates lately here in southwest Idaho. (**SFH = Single Family Homes) More to the point, over the past 10 years there has been a 250% increase in population for Ada County, accompanied by a 260% increase in housing prices for SFH, almost a perfect direct positive correlation. As for the reason why people have been moving into this area, one can only speculate that they perceive it to be more livable and more affordable than their previous location(s). People appear to be fleeing from high COL, high taxes, high crime, and non-responsive state government(s). And this cuts across demographic issues and political ideologies. Ten years ago, someone from the Bay area or southern California could have sold their home for $750k and purchased a comparable one here in Ada county for around $150k, leaving them with $600k to invest, or put into the bank as savings, or to buy real estate for rental income (which many did). Hence, the dramatic increase in rental prices for this area. As near as I can determine, newcomers over the past 10 years from the states mentioned above are pretty much an equal mix of (D) and (R), and this is reflected in the current voter registration figures for Ada county, which show 50% (R), 46% (D), and the remaining 4% (myself included) as independent/other. Hope this clarifies some of the concerns you expressed. And remember, what goes up also comes down, especially real estate prices. Cheers.
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