Sidney housing market was artificially inflated

It could be that current homeowners in Sidney grossly overpaid for their homes to begin with and are now about to experience to bursting of the housing bubble that the rest of the country experienced eight(ish) years ago.

Due to supply and demand housing prices were through the roof in Sidney. Sellers could (and did) demand a premium for their homes. Just research home sale prices- each consecutive sale for an individual house each owner would ask an increasingly outrageous higher price.

Compared to homes in surrounding communities the Sidney market was artificially inflated, but people moving to Sidney had no choice but to be a part of that cycle due to the remote location Cabela's chose to call home.

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Its a sad state for homeowners in Sidney. The 2006-7 housing crash did not affect the area AS MUCH but it did have an impact. Luxury homes built since that time have been costing more to build like the going rate or higher than larger markets. - Can't blame this collapse on anything except Cabela's executive poor management, and greed... Evidence is in the new corporate building that half the outfitter population thought was a debacle from day 1. Next, the golden parachutes for Eteam show the greed

I know of a family that left Sidney in January. It took six months for their home to sell. They barely had enough equity to pay the closing costs. Thankfully, their real estate agent gave them a break on the commission.

Look at the comps in Wyoming and Colorado for towns on the borders. That may give some idea of what prices in Sidney could end up at.

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Sidney housing market was artificially inflated

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