Ray Ring
Senior Editor
Or in many cases, it’s accurate to say, NOT planning the West … recent reports indicate the difficulty:
In Arizona, a smallish city named Maricopa has somehow tripled its population in less than two years. “This affirms what we’ve been saying about explosive growth,” City Manager Rick Buss tells the Arizona Republic. Maricopa now has about 21,000 people, and the future looks even more explosive. “At least 35,000 new homes are in various stages of development,” the Republic says. “Projections call for the city to push close to 100,000 in about five years.”
Meanwhile, Idaho’s Sun Valley resort community casts its real-estate dynamite ever southward, resulting in proposals for no less than six new rural subdivisions. They would install more than 3,000 homes on more than 20,000 acres, much of which is valuable in another sense — as winter habitat for elk and deer, reports a local conservation group, Friends of Blaine County. For more info on that imminent explosion, e-mail friendsofblainecounty@gmail.com.
And Eureka, an ex-logging town in northwest Montana, will be culturally blown up by two new golf-coursed subdivisions, mostly to create second-homes for affluent Canadians. The developers are from out of town (Canada and Florida), and they have free reign, because “there’s no zoning, no land-use restrictions, no way really to tell a developer ‘no,’” reports the Missoulian.
Yet the Missoulian’s reporter, Michael Jamison, has a humorous touch describing two developers facing a roomful of locals:
It was a scene straight out of central casting. The locals always in flannel, the developers always tanned white men with gray hair and thin mustaches, boots just a bit too shiny, jeans just a little too crisp.
Of course, the upscale developments around Eureka will have romantic names — Indian Springs, and the Wilderness Club, where starter cabins will run $700,000, reports The Daily Inter Lake.
But the perceptive reporter, Jamison, discovers reasons for Eureka’s residents to be optimistic — reasons that could surface in other struggling Old West towns:
Not so many months ago, the local lumber mill closed, putting nearly 100 people out of work. More than a few saw the shutdown as the beginning of the end. … (Yet today) downtown is vibrant and alive, funky even, if not downright hip. It is not, by any measure, what you would expect of a timber town on the ropes.
“I don’t know anybody who’s out of work who wants work,” said Realtor Terry Comstock. “If you want a job, you can paint houses, or do drywall, or hammer nails. The subcontractor business here is huge.”
… Chris Neill, a local cabinetmaker and builder, agreed that he and other contractors simply cannot find enough people who want to do the work of building Eureka.
“Logging’s not dead here,” Comstock said. “It never will be. But it’s not the future. Learn to be a builder, learn a trade and a craft. There’s more than enough work. These guys who make the switch are going to earn a whole lot more money than they ever did at the mill.”
Jamison also discovers a local café makes a profit on selling “Realtors” — designer ham sandwiches whimsically named for the town’s “new mascot.”
Nationwide, hard statistics reinforce the anecdotes: The National Association of Realtors just released a survey of the 2005 action, and finds that sales of second homes set an all-time record.
In all, four of every 10 homes sold in 2005 were second homes (either vacation homes or investors’ plays), report the Realtors.
Looking ahead, the Realtors’ chief economist, David Lereah, says second-home sales will continue to increase, because waves of Baby Boomers are looking to retire and they have money to make “that kind of a lifestyle purchase.”
High Country News chronicled the real-estate frenzy in some more surprising towns — including Silver City, New Mexico, and Jarbidge, Nevada, in its March 20 issue. HCN also summed up some of the dynamics driving the frenzy, and the throngs of real-estate agents. Then HCN readers responded with lively criticism of HCN, again and again.