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I have been looking for a house in Taos for two or three years and it seems to me that the realtors and developers there are just incredibly out of touch with real life. The californication of New Mexico is in full sway. They want hundreds of thousands for crummy, broken down old dumps with eight-foot celings, no closets or cabinets, no garage, no appliances, no heat and nothing but trash and weeds in the yard. Either that or you will have to be a multi-millionaire to afford even the most average house. This is an isolated place that's hard to get to, difficult to live in and where your pets are often eaten by the coyotes and yet they seem to think they can palm off ratty old shacks with no city water or sewage that would cost a third or a quarter as much anywhere else. I am a writer and photographer and would like to live there for creative reasons, but the real estate speculators have ruined it. Santa Fe has more affordable housing now, and that's a miracle!
I agree Bougainvillea.
Perhaps it's that way in Taos to have only the most 'upper crust' type individuals buying. It's about 70 miles between Taos and Santa Fe, not too terribly bad driving distance if you don't have to get to an office everyday Tho I imagine in winter it might take more time to drive if the weather is dicey any particular day.
It only takes 20 or 30 "don't-give-a-damn-how-much-it-costs" buyers a
year to keep that sort of market going. What will start to bring prices
down is when the trendy retail places and coffee shoppes (note pretentious
spelling) start to close because they depend on a much higher traffic
volume than the Oh-So-Wealthy can provide.
Once a couple favorite places close, the bloom is off the rose and the
monied class will start looking elsewhere for the next "In" place. At that
time, some sense of reality may come back, but Taos has been well
established on the trendy list for a long, long time so I doubt that prices
will really collapse, just slump somewhat.
May I suggest Boug that there are plenty other placed in NM that are just as inspirational (if not more so) as Taos. Try not to limit yourself so much.
I have been looking for a house in Taos for two or three years and it seems to me that the realtors and developers there are just incredibly out of touch with real life. The californication of New Mexico is in full sway. They want hundreds of thousands for crummy, broken down old dumps with eight-foot celings, no closets or cabinets, no garage, no appliances, no heat and nothing but trash and weeds in the yard. Either that or you will have to be a multi-millionaire to afford even the most average house. This is an isolated place that's hard to get to, difficult to live in and where your pets are often eaten by the coyotes and yet they seem to think they can palm off ratty old shacks with no city water or sewage that would cost a third or a quarter as much anywhere else. I am a writer and photographer and would like to live there for creative reasons, but the real estate speculators have ruined it. Santa Fe has more affordable housing now, and that's a miracle!
Bouganvilla, I agree with you to a T!!! You are so correct. Everything there is pretty much overpriced. Most people are out of reality there as well unfortunately. We couldn't even get an insurance person to give us a quote after 6 months of calling over and over. Nice climate, nice views, very nice art, a nice history, a nice close expensive ski resort, but that is about it. Not to mention the high drug users and other off the wall practices. I would probably choose Santa Fe as well if I had to between both towns.
A very nice vacation place but unless you are from that area, I think it's going to be hard to adjust.
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Tho I imagine in winter it might take more time to drive if the weather is dicey any particular day.
Don't hold your breath
