Montana Homes AREN'T Selling

[@Lordy2020]

Montana had its greed party, time to come back down to realistic prices.

[@Ride-Fly]

Every state lol

[@jessepowell5485]

I lived and worked in Three Forks/Bozeman/Belgrade/Glendive from 1999-2017. I was a mechanic. Wages stayed between 50-80k a year. I rented to save for a house. Kept my rent between 850 and 875 a month. Married. The houses got smaller and crappier to keep that rent amount and afford stupid stuff like cars, food, heat, fuel, and retirement savings. Well...in 2018 I bought a slick 4 bedroom 2 bath for me/wife/kid. Loved the proximity to schools and universities for kids future. Lots of job prospects which pay good. Closed at 138,000 on the house...in Wichita, Kansas. FK MT.

[@LuckytheAsian]

How do you like living in Wichita compared to Bozeman area? Currently live in Great Falls but previously lived in KC and Ottawa, Kansas area.

[@ProfessorKitchen]

I am currently looking in the Billings area. Your 2 middle points are the reason we haven't bought anything yet. People think that they are going to win the lotto by selling their house. Everything we've looked at is, at a minimum, $50k over the max price it should be. Lots of them have water damage or are half-way through a remodel. A 900 sq ft trailer built in 1970 wanting what a 2500 sq ft new build should be asking; I've seen that. Multiple times. Houses that have been on the market for +60 days and still at the original price? These abound. This extreme housing market is falling and I'm not paying way more than value plus ridiculous interest rates only to be upside down in 2 years, stuck in a crappy loan with a crappy rate and unable to refinance. You may get what you're asking, but it won't be from me.

[@andrewmcevans465]

Politics? Good grief man, nobody can afford to buy anymore. 12 years ago yes. But not today.

[@RDD8807]

Havre, MT has cheap housing 🏡 🙃

[@thomasarchambault9463]

@@RDD8807Ya, garbage housing.

[@kdub1666]

Yep, many are noticing even fixed mortgage monthly payments are jumping as a result of rising home insurance and property taxes which are folded into one's monthly payment.

[@Michael-qy1jz]

You have to not only look at Rates, but you have to look at what the properties were worth at in January 2021 before the $$$$$ they pumped in and did lockdowns.

[@ChronicAndIronic]

I’d love to move to Montana. I love the cold and snow when i lived in Colorado Kansas and Wisconsin. The issue is they’re charging Colorado prices for somewhere that has half the actual value

[@Ride-Fly]

Utah Texas and Colorado trying to charge California prices which should be half the value as well LOL

[@blueyes0152]

One of two things HAS to come down. Prices or interest rates. While rates are high, if you're a seller and actually want to sell, you have to come back to reality. Problem is, a lot of sellers bought at the top of the market and can't sell for less.

[@user-qc7hr4my7r]

Here in Indiana homes are still over priced by 75k or more. I don’t understand the high housing market in Montana when the jobs aren’t there for that market. I also looked at jobs out there, I’m a diesel mechanic and my wage here is higher than what I’ve seen in Montana.

[@timl2665]

Housing prices are too high for normal people. Interest rates are pretty bad. Whatever the politics are, those two I named are the primary reasons.

[@clintlarue520]

Exactly,but…that appears to be what the dickheads of our state want? Why? They haven’t done shit,our mining is gone,our logging is gone,they don’t want cows shitin in the trees,the only ones that can afford to live here Is the filthy rich Same as our wonderful politicians!

[@T51B1]

Price is the biggest issue for people not buying. The housing market is just in a weird spot. There needs to be a correction bring home prices (and rent!) down but there aren't enough homes available, and many of the new homes that are actually built are for cash by investors or rent seekers. New house starts haven't kept up with population increase since at least the '08 crash, and the government is caring less about it because they want more multifamily homes not single family homes.

[@mwebb3014]

No matter what state I look into, home prices are a minimum of $100,000 over what they should be. People need to get real and start asking pre-pandemic prices. That was a fluke in time and it’s been over for several years. Layoffs are rampant nationwide in a variety of industries and businesses want their employees back in the office. Salaries are still pretty much pre-pandemic salaries. Lower the prices and people will be able to buy even with higher interest rates.

[@cross9494]

Thanks for all you do to keep us informed!!!

[@Weidjeep]

I own in billings we bought our house in 2017 market was perfect, we used the 1st time home buyer program with fixed eate 4.5 for 200k, we pay 1450 a month 😂. we could make 150k if we sold right now the issue is we cant afford a 500k house at 6.6% then be upside-down in 3 yrs on it. That 500k house is only worth 300k in a sain world. So we stay put with an easy cheap affordable payment. No matter what we get closer to owning it. Its money in the pocket and an asset. We'll never rent again. Rant over lol. Good video thanks.

[@bobburges3654]

Yeah...but Billings though.....shithole of Montana.

[@gregorystinette8271]

​@@bobburges3654not really

[@johngalt7296]

@@bobburges3654have you seen what Portland East AKA Missoula has become!?

[@dillinpicklesworth5698]

Property taxes are outrageous compared to the south.

[@bycracky22]

I won't be heading that way then. Mine are almost 2k a month here in Texas for a 3000 Sq ft house.

[@timl2665]

A home in my neighborhood sold for $500k two years ago brand new. The new owners put in a pool, waterfalls, backyard kitchen paradise, added a fireplace in the house and redid every room. Now its on the market for $650k. I simply don't know how they put all that work into it and are making a profit on this. It's a beautiful home now though. 🤣 I assumed they got foreclosed on or something.

[@luisvilla799]

Commiefornians remember they gentrify home prices commie dollar goes farther in other places

[@carlatamanczyk3891]

Everything out there costs at least twice what it should cost. Changes are needed... Big changes. The proverbial American dream for a lot of people is dead. And corporate investors added fuel to the fire.

[@joonyer77]

Montana is for the rich. Working class people can forget about it unless they want to live in a run down trailer.

[@shawnmason5290]

I watch every video always have. Used to always leave at least one word comments, just for the algorithms to help you out. But, something must’ve changed so I’m not needed, but I’ll keep watching.

[@LivinginMontana1]

Thanks for your support, everyone is needed!

[@KaipanPNG]

I had to move out of the Missoula area because rents were becoming insane. Working full time 17 dollars an hour and I dont qualify for all these apartments that require 3x rent income. I don't know who theyre finding to fill these luxury apartments because it sure as shit isnt local montanans making local montana wages like I was. Had to move to Maryland.

[@mikeyis009]

No one seems to remember that car payments were always 4 years. Now they are 7+ years. Prices will never come down. Loans will change to 40 years.

[@robertl8429]

The houses are extremely expensive and out in the boonies. 300k-500k out in the middle of nowhere can't match up to other states. I know many of these are near small towns, but it's too far from a large city to price at 400k$+

[@tunzinater1]

Always learn something new from your videos. 👍

[@PaulLund92399]

Great job Will, keep pushing b

[@michaelvandyke6715]

Houses are through the roof high! Taxes are totally nuts! Who can afford it! The home state citizens are the ones taking the beating!

[@dwaynewladyka577]

Very good points here. Cheers, Will!

[@bondpit8750]

The medium home price in Kalispell is $535K? Those are some ugly ass houses, especially that two story over the host’s right shoulder 1:21 . Be careful what you wish for Montana.

[@TD05SSLegacy]

Yes, three abominations. 😅 seriously 😒

[@rorypitts8147]

Thanks for the inspiration. 😃

[@richki.24]

I live in Phila PA and a home near where my parents live is going for $650,000, it is a nice single home but surrounded by row homes and the neighborhood is going downhill with riff raff moving in ..

[@lrobie123]

riff raff....

[@pammatiti]

Half a million dollars for an average cost? Lol! Crazy daze!

[@eddiekulp1241]

Might be the interest rates to high

[@thomasarchambault9463]

Ya think 😳🤣

[@RDD8807]

Great video and content… keep it going

[@LivinginMontana1]

Thank you! Will do!

[@courtlandkeeler825]

Great video Will.

[@LivinginMontana1]

You may be familiar with a home I talked about!!

[@Jbennyho]

Great info. Thank you.

[@LivinginMontana1]

Thank you!

[@jriver64]

Living in Montana, folks like you will have the business coming your way, then the green pea Reale Estate agent with no experience at all, unlike you informing future home buyers/sellers. Standby for Standby! It's coming your way, Friends.

[@RDD8807]

Let’s Go Oilers 🏒

[@irishgrappler6636]

Yes!!!

[@mariacardwell5035]

Way too much!! Asking

[@karenhummel49]

The interest rates are so high, I don't know how average young couples can even think about buying a first home. Any state.

[@informationcollectionpost3257]

Interest rates are too high and housing prices are over inflated, just like in 2008 & 2009. The seller is going to have to drop their price in order to sell their house and hopefully their mortgage isn't up-side down. In 2009 when my wife & I looked at houses nothing over 1450 sq feet and over $200,000 was selling in Oklahoma City. A similar situation exists today. Most of the more expensive & larger houses sat for 2 to 4 years as vacant property.

[@MountainLivingMT]

Great video

[@LivinginMontana1]

Thanks!

[@johndoe-k3b4w]

Ty ❤

[@kdub1666]

Wow, I though it was just me. For some reason I'm not as wowed by recent MT listing as a few years ago. Lots of fugly houses. I miss the days of nicely updated clean homes. Also a bit more wary of where things are heading in the economy. For sure things are too expensive now and inflation is sticky so things will continue to increase in price. And all the debt needs to be paid off which could keep interest rates higher than anyone anticipates. There's something to be said for buying short term US Treasuries in lieu of a second house.

[@gunman-6646]

I love it, 30 dollars more than the other one. That realtor will. Never sell that one!

[@nomamesguay]

Super volcano, nuff said.

[@christophercousins184]

Montana has to face the fact that richer Blue state Americans are the ones who can afford these homes... in fact, it's cheaper than most Blue states. But then, you have high prices, not a lot of government services and this intense backlash against people who don't have "Montana values." I looked in Montana for a couple of years and honestly got tired of the attitudes toward me. BTW, I drive a truck, grew up on horses and am no far left ideologue... just says California on my plates.. Montana has to deal with the resentments of their residents at the changes that are coming at some point... Good luck.

[@RDD8807]

Montana license plate would help 🙃

[@clintlarue520]

Not if we can keep yas out,take your big $$$ elsewhere and live. Not sure what it has to do with blue or red,they’re all fkd up! It’s the big buck bastards buying up our ranches and a one time affordable homes

[@rosaesq]

By pricing their homes so insanely high, Montanans have to realize they are attracting richer Blue state people. Do they not realize that? Every person that has listed their home at a "win the lottery" price is responsible for what is happening to the state. Have spent the last 2 years trying to find a home there and have also noticed the things you mentioned (and I don't even have California plates 😝).

[@idahopotato5837]

Most people buy the most house they can afford by payment. Home prices will probably come down 30-40%. Almost always after the run ups....Going back 300 years!

[@jalan17]

I was thinking of moving to Kalispell. Are there some decent homes in the $300,000.00 range? It;s only I and my wife. We're both retired and currently living in south Florida. I'm looking to get away from the crowds, but still want t be near a small city like Kalispell. Do you have any suggestions? Thanks.

[@thebenson1983]

Or their overprice the market has cooled off. $500,000 for a shack Wayover priced. The average income in Montana is $56,264. I don't know how people are buying half million homes. Is the dollar worth more in Montana!!!

[@rosaesq]

I have been wondering the same thing! Are the people buying homes there all remote workers? Or maybe rich people buying vacation homes? I'm not sure how the math makes sense.

[@Sloppypotter]

Live in ekalaka mt and in the last 4 years our property taxes have doubled and no it’s not because I built a new shed Wich I didn’t. Why the higher taxes they aren’t improving our roads the road into ekalaka hwy 7 has so many white crosses on the side you loose count. I know at least 3 have died in the last 4 years and it’s a 36 mile straight road. We’ve petitioned the state to rebuild it and they said “eat a dick” oh here’s another hike in taxes so you’ll know your place pleeb.

[@DesertDemons]

Yeah, nope. Not feeding the greedy.

[@williambotha5864]

So you're saying there's a bubble? Oh Kay. Got it.

[@tylerpullman7781]

Ok what the heck man. You have the gall to talk about price justification? Realtors didn't to mind selling way over market value when folks from stronger economies and large cities starting buying up all the land in Montana. Realtors enabled that gentrification because they get paid more. Don't act like realtors are interested in keeping Montana land affordable for the average montanan

[@LivinginMontana1]

So if you had your house for sale and someone came in and said they wanted to pay more than you are asking, I'm sure you would say "No, that's too much, please don't pay me that much." It's simple economics, supply and demand, not Realtors.

[@solomanfowler327]

The problem is simple, Homes are over priced period

[@user-qc7hr4my7r]

And they are over priced everywhere!

[@reginabarker308]

No kidding, no one wants a dump

[@jillc.8059]

Gold mine in the basement would be nice! Lol

[@TD05SSLegacy]

Houses designed by contractors who took CAD in high school shop class isn’t helping.

[@johnsmith-pd7lu]

DOLLAR/BANK CRASH IS COMING HAHAHA TOLD YA SO BUt Ya DiDnT LiStEn :) WE ARE HEADING DOWN DOWN DOWN THE HOUSING CRASH HAS ONLY JUST BEGIN I WILL BUY YOUR HOUSE AND LAND FOR CHEAP CHEAP CHEAP 50 to 90% DISCOUNT

[@LivinginMontana1]

The headline really got you! Couldn't disagree more with your 50-90%!

[@RDD8807]

@@LivinginMontana1 I’m sure the housing market will grind down but sudden collapse in prices are unlikely but it depends on if we spend another 34 Trillion in debt and the government Keeps printing 💵 💵 💵 or black 🦢 event 🤷🏼‍♂️

[@LivinginMontana1]

I agree!

[@timl2665]

@@LivinginMontana1 Most areas need a 35-40% correction for reality to return to historical trend lines. Maybe more if interest rates remain high and a bad recession hits. Housing crashes tend to crash further than they should. I'll be looking to buy in 2028ish, I think.

[@erickeenan7562]

Politics? Seriously? Things are getting better. Bullock gone, Backus gone, one can only hope Tester is out this year too. But still, taxes are pretty high. And prices are still ridiculously high compared to eve 4 years ago. Prices increased over 100% and that is just not reasonable. Looking for correction and things will be livable again.

[@tylerpullman7781]

trickle down economics won't fix anything either

[@buchanansleeve7427]

Homes are selling,

[@jamesbryan3251]

Trump2024

[@KP-ww3zy]

Who is the builder for those houses in your background? Does Montana give out awards for the ugliest homes? Those houses are fugly. They have 0 curb appeal. Could they build them a little closer together. Just awful all the way around. My family visited Montana last year. It's beautiful there. With retirement on the horizon, I started looking their. It's way out of my price range to get anything livable, with a little bit of land.

[@rowdyharger2799]

There's a bubble burst coming, it'll be bigger then "08". I'd advise wait.

[@pamcatello9136]

Gee i wonder why

[@kennethblack7753]

I truly hate this generation the most disconnected people

[@frankcesario4432]

Yeah could be surrounded by the laws maintained in your state versus other states