As home prices soar in Utah, you ll need almost 3 times minimum wage to afford rent ksl.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksl.com Daily Mail and Mail on Sunday newspapers.
KSL TV
SALT LAKE CITY – It s a common story heard throughout Utah s housing industry: Californians are arriving with plenty of cash in hand, outbidding local homebuyers and driving up the costs of housing; but an analysis by the Utah Foundation finds that does not seem to be the reason for steep increases in home and rental prices. Why are we seeing these increases? The Utah Foundation has looked whether it might be due in part to any influx of Californians. That does not seem to be the answer, the report stated.
The rate of people moving into Utah s larger metropolitan areas is actually down, the report went on to say.
HOLLADAY Before building a new home in Holladay, Steve Tachiki glanced over his property records to make sure the changes wouldn t get him into trouble.
On the second page of a housing covenant, he found a different sort of requirement, barring anyone other than the caucasian race from owning a home on the property. It was a relic from more than 70 years ago, when racial discrimination was expressly permitted in Utah. It s kind of one of those things where if you re having a dinner party, it s something you kind of pull out and say, Check this out, said Tachicki, who is Japanese American.