I can't be the only one that thinks, "what in the world do these people do for a living that they can afford these home prices?". Throw in the fact that I see a lot of new cars in the driveways of these homes and I come to the conclusion that I've clearly failed in life.
The way that Empty Home Tax works is that there is a taxed percentage based on the value of the property. If that property is vacant for six months or more a year, the tax kicks in. In Vancouver, It started out at 1%, then moved to 1.25%. It's now at 3% for 2021.
Most every morning when I leave for work, I head to my local convenience store to grab a Diet Dr. Pepper. On the way there, I drive by what looks like a little make shift RV refuge and it appears to be growing...quickly. What started out as a couple of campers, has turned into multiple campers, a few motorhomes, and a tent or two.
If you own a house and are looking to sell, well this is a "Sellers" dream. with home prices increasing over 25% just in the last year. If you are like me and relocating to Bozeman, well, you might want to sit down before you start your search.