http://www.wealthsolutions.com.sg/project/north-dakota-property-investment/
North Dakota's oil boom has create a demand for more housing for its increasing population. It is timely to invest in this hot property market. Seize the opportunity while it last.
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Evidence of Oil Boom in North
Dakota
North Dakota is experiencing an oil boom that
everybody knows.
The landscape is filled with oil rigs and miles of
temporary housing while the roads are
occupied by endless lines of trucks.
The flares of the oil rigs colored the skyline with
orange.
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Impact of Dakota Oil Boom on the
Population
With the surge of these workers, its housing,
water, police and emergency services are
stretched to its breaking point.
The queue at theatres and restaurants are
longer than ever.
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Impact of Dakota Oil Boom on the
Property Market
Affordable housing becomes non-existent.
Many people ended up living in their cars and
trucks.
Some worker sleep in parking lots
Schools hiring teachers have problems finding
affordable housing for these teachers.
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Impact of Dakota Oil Boom on the
Property Market
Housing costs escalate faster than income
growth.
Strong demand for housing by these new
comers encouraged many landlords to rent
houses to these oil rig workers at a much higher
fee.
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Impact of Dakota Oil Boom on the
Property Market
With housing shortage in North Dakota,
property rental soar sky high.
A 2-bedroom apt which rents out for $350 a
month in the past, will now cost $2,500 a
month.
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Impact of Dakota Oil Boom
The population is going to increase as long as
the North Dakota oil boom last.
This is a boom time for home builders but the
number of housing units will still not be able to
cope with demands.