August 26, 2018, By Robert John Stevens Written in response to Utah has a ‘housing crisis’ in a lack of affordable homes: Utah governments and their hundreds of pages of regulations are responsible for Utah’s housing crisis by making it financially impossible to settle. When 19th-century pioneers were asked to settle lands, they moved onto […]
By the year 2044, the median home price will be $1.3 million.
Example Location: 84604 (Provo, Utah) Annual Household Income: $67,925 (Forbe’s Median Household Income of Provo) Monthly Spending: $1,000 Loan Type: 30-Year Fixed APR: 4.7% Annual Property Tax for Provo is 1.75% Recommended Price: $127,066 Recommended Max Price: $195,200 That buys you a trailer home. In Provo, the median home price is $303,300. Try it yourself […]
Today I calculated the appreciation of my parents’ home in Potomac, Maryland which is a suburb of Washington DC in Montgomery County, one of the wealthiest counties in the United States. They sold it for $439,000 on 1/27/1998. Zillow.com says today it is worth $863,654. The buyers have owned it 19 years, 11 months and […]
by Robert John Stevens, October 26, 2017 Government regulations are the problem. For example, to build in Utah County it is highly likely you must build, pave and dedicate a road. For example, a 3/4-mile road with the required 12″ of road base will cost $350k to $400k. Dead ends, cul-de-sacs, dirt and gravel roads […]