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WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
The oil BoomThe oil Boom
in North Dakotain North Dakota
and itsand its
impact onimpact on
the property marketthe property market
Wealth SolutionsWealth Solutions
Presented byPresented by
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
Evidence of Oil Boom in North
Dakota, USA
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
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.
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
Impact of Dakota Oil Boom on the
Population
The economic boom brought lots of jobs and
lowered the unemployment rate to 1.7%
(compared to the national average of 7.7%).
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
Impact of Dakota Oil Boom on the
Population
Tens of thousands of people flocked to oil fields
of North Dakota to seek their fortune in the oil
rush.
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
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.
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
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.
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
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.
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
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.
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
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.
WEALTH SOLUTIONS MANAGEMENT
http://wealthSolutions.com.sg
Brought to you by
WealthSolutions.com.sgWealthSolutions.com.sg

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Oil Boom in North Dakota and its Impact on the Property Market