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(Business Insider)   And the winner of this year's "Most Expensive Place in the US to Rent an Apartment" award goes to: Not so fast, New York and San Francisco... Williston, North Dakota, step up and claim your prize   (businessinsider.com) divider line 67
    More: Amusing, San Francisco, North Dakota, New York, apartments  
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9226 clicks; posted to Main » on 14 Feb 2014 at 5:29 PM (36 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-02-14 09:53:35 PM  
Any company*

Preview is your friend.
 
2014-02-14 10:35:22 PM  

grimlock1972: creepingdeath: grimlock1972: Oil boom + high wages + shortage of housing + land lords wanting to cash in= high rent

You forgot about the mass infestation of out of state trash.

that is implied by the high wages as they attract all sorts, i have not been to the oil boom area of North Dakota so i choose not to judge who has moved their.


My family owns a farm in Stanley, ND (grandma's hometown, she bought it in 1940) and it's been booming for a few years now. When she passed in '05, my folks thought about buying a little place in town for family to use when they visit (parents live in So Cal) Back then, the housing prices were next to nothing. I kid you not, I think houses were like 28,000 because the town was dying (very slowly). The boom hit and the same shacks are now 280,000.
 
2014-02-14 10:37:36 PM  

moefuggenbrew: Ever gotten laid spending less than $50?


Yup. I take it you haven't?
 
2014-02-14 10:42:50 PM  
Oil boom in the middle of nowhere?

[click, close]

Oil boom in the middle of nowhere.
 
2014-02-14 10:59:56 PM  

eisenoxyde: MontanaDave: I work in the patch and stay less than an hour from Wiliston, and I'm totally getting a kick out of these comments.

I work in the oil industry, live IN Williston, and am getting a kick out of these comments too.

/Not really, my company doesn't pay for my housing anymore...
//Anyone company out here looking for an engineer?


Minot is looking for an assistant city engineer.  I think Enbridge is also hiring PEs.
 
2014-02-14 11:22:07 PM  
I've driven through parts of Longview and Kilgore where the boom caused rows of low quality houses to be built in the 1920's. Now there's nothing remaining but some curb cuts and unpaved paths to where the houses used to be. I bet it's been gone over with metal detectors a thousand times, and it doesn't date to any great antiquities.
 
2014-02-14 11:31:13 PM  

Killer Cars: pxlboy: I'm sure there will be a few bright folks who will make their way there, make a sh*t-ton of money, and then get out while they're ahead.

I thought part of the draw or "allure" of working in a remote boom town like Williston was because since there's a near dearth of anything to do and/or spend money on, you almost can't help but pocket most of what you earn.

I'm well aware that prostitution and stuff can move into those towns, but, Christ....I can get horny with the best of them but I can't fathom blowing THAT much money away on that.


In addition to huge bar tabs and drugs and hookers the types of guys that do these jobs are prone to spending huge sums on fishing boats (believe it or not it's pretty easy to run $50,000+), ATVs, nice fifth wheel trailers and big trucks to pull them, etc. It's going on all over the place here in Texas.
 
2014-02-14 11:35:43 PM  

notatrollorami: Killer Cars: pxlboy: I'm sure there will be a few bright folks who will make their way there, make a sh*t-ton of money, and then get out while they're ahead.

I thought part of the draw or "allure" of working in a remote boom town like Williston was because since there's a near dearth of anything to do and/or spend money on, you almost can't help but pocket most of what you earn.

I'm well aware that prostitution and stuff can move into those towns, but, Christ....I can get horny with the best of them but I can't fathom blowing THAT much money away on that.

In addition to huge bar tabs and drugs and hookers the types of guys that do these jobs are prone to spending huge sums on fishing boats (believe it or not it's pretty easy to run $50,000+), ATVs, nice fifth wheel trailers and big trucks to pull them, etc. It's going on all over the place here in Texas.


And gambling. Shouldn't forget gambling.
 
2014-02-15 12:25:28 AM  
i160.photobucket.com

I live a few hundred miles southwest of Williston near Billings, Montana, and we are seeing a lot of growth here even.  Lots of new hotels, lots of housing & shopping.

My brother was working Williston a few years ago and spent $600/mo to sleep on a couch, then moved "up" to $800/mo to his own bedroom in a trailer house after 6 months or so.

Two summers ago, I sold a $600 1972 slide-in truck camper with no hot water, no furnace and no electric lights to a family whose son was going to live in it in the oil fields

/Hoping there's oil under my 40 acres of paradise
 
rka
2014-02-15 01:25:38 AM  

ODDO: snowshovel: FilmBELOH20: dletter: This is the "oil boom" town I believe, so, I take it that this is just because there are so few apartments available, and all of a sudden an influx of people desperately needing apartments to live in.

/Supply and demand even works in places you wouldn't expect folks.

Half correct.  It is the oil boom town, but this isn't because of so few apartments available.  There have been several hundred apartments going up all over Williston and the surrounding area.  Housing is way easier to find.  Man-camps are emptying out, and they've catered a lot of the new apartment complexes to wealthy oil execs and well-to-do roughnecks.  They have laundry services, maid service, etc.  Very much like a hotel, except... not.  Newer single family homes in Williston are going for $600k.  It's nuts what people are paying because they will never, ever see their money back.  This isn't about supply and demand, it's about greed and stupidity.

You make it sound like that the oil God put under Williston will eventually run out, and leave the town an empty shell because there is no other business in town aside from oil production thanks to Obama and his desire to raise the minimum wage.

Wasn't shiat in Willisten before oil, won't be shiat after


The oil was there before Williston.

And it's not like Williston doesnt know what a boom and bust cycle looks like. Happened in the 80s.
 
rka
2014-02-15 01:30:05 AM  

Killer Cars: pxlboy: I'm sure there will be a few bright folks who will make their way there, make a sh*t-ton of money, and then get out while they're ahead.

I thought part of the draw or "allure" of working in a remote boom town like Williston was because since there's a near dearth of anything to do and/or spend money on, you almost can't help but pocket most of what you earn.

I'm well aware that prostitution and stuff can move into those towns, but, Christ....I can get horny with the best of them but I can't fathom blowing THAT much money away on that.


New pickup. New boat. New motorcycles. Repeat every 6 months. 10 days off? Let's go to Vegas.
 
2014-02-15 02:35:09 AM  
I work in a former tourism town that is now an oil boom town. Why yes, I am in petrochem. I design chemical plants. My job is one of the few non-boom jobs. However, rents are still reasonable if you don't mind something old. $800/mo including utilities (except communications) for a studio apartment. I had a two bedroom house before this, but it smelled and the smell wouldn't go away. Plus there were 3 burst pipes in the 6 weeks I rented it, and the landlord was none to quick to repair them or the rest of the plumbing or the electrical. Carlsbad, NM is a peculiar place. There's plenty of unoccupied real estate, and plenty of houses for sale, but the asking prices are up to $150/sq. ft. for places that the best thing to happen to them would be a bulldozer. YMMV.
 
2014-02-15 02:44:39 AM  
I got four acres of my families old homestead an hour away from this place near Sidney Montana, anyone want to invest and help me turn it into a trailer park?  I'm sure I could get 16 lots out of it, at $500-750 a lot rent it could easily turn $8000-12000 a month, maybe more.

I've been thinking about doing it for a while, I just don't have the cash or the credit to get the project moving.
 
2014-02-15 06:58:43 AM  

moefuggenbrew: Yeah but I wonder what the price is for any top shelf snatch? Not talking about hookers, there's always a price with regular women too.

/Don't believe me? Ever gotten laid spending less than $50?

there must be a precedent, lets see, land snatch, land snatch, see snatch.
/can't see or read that word anymore.

 
2014-02-15 07:28:46 AM  

Hagbardr: FilmBELOH20: dletter: This is the "oil boom" town I believe, so, I take it that this is just because there are so few apartments available, and all of a sudden an influx of people desperately needing apartments to live in.

/Supply and demand even works in places you wouldn't expect folks.

Half correct.  It is the oil boom town, but this isn't because of so few apartments available.  There have been several hundred apartments going up all over Williston and the surrounding area.  Housing is way easier to find.  Man-camps are emptying out, and they've catered a lot of the new apartment complexes to wealthy oil execs and well-to-do roughnecks.  They have laundry services, maid service, etc.  Very much like a hotel, except... not.  Newer single family homes in Williston are going for $600k.  It's nuts what people are paying because they will never, ever see their money back.  This isn't about supply and demand, it's about greed and stupidity.

How long until it's a ghost town? 15, 20 years?


Depends. When do you see us going away from petroleum and gas?
 
2014-02-15 09:20:14 AM  
My cousin and her hubby moved there last year for his job.  They live in a neighborhood built by the company.  It's really unimpressive and they are paying way too much for rent, but it looks like it could be worse.
 
2014-02-15 10:45:27 AM  

tjsands1118: I got four acres of my families old homestead an hour away from this place near Sidney Montana, anyone want to invest and help me turn it into a trailer park?  I'm sure I could get 16 lots out of it, at $500-750 a lot rent it could easily turn $8000-12000 a month, maybe more.

I've been thinking about doing it for a while, I just don't have the cash or the credit to get the project moving.


I have a buddy that manages camps for Landlords in Stanley and Tioga.  He has his own staff to work the camps, collect the rent, etc.  I'd be happy to hook the two of you up if you like.  Send a message to my user name at ultrafark dot com
 
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