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Home > Blogs > PSonProperty
Plenty of Jobs - Not Enough Homes?

WILLISTON, N.D. — When Joey Scott arrived here recently from Montana, he had no trouble finding work — he signed almost immediately with a company working to drill in the oil fields. But finding housing was another matter.

Every motel in town was booked, some for months in advance. Every apartment complex, even every mobile home park, had a waiting list. Mr. Scott found himself sleeping in his pickup truck in the Wal-Mart parking lot, shaving and washing his hair in a puddle of melted snow.

“I’ve got a pocketful of money, but I just can’t find a room,” said Mr. Scott, 25.
North Dakota has a novel problem: plenty of jobs, but nowhere to put the people who hold them.

Source: New York Times

“North Dakota has the lowest unemployment rate in the country, 4 percent, but advocates for the homeless say the number of people they see with nowhere to live — a relatively rare occurrence here until now — grew to 987 in 2009 from 832 in 2008, an increase of about 19 percent.”

The Project

Workers from all corners of the United States are coming to Williston to secure stable well paid jobs of $80,000 - $100,000 + per annum. A side issue of this influx of workers is a need to shelter them.

Many of these men and women are sleeping in tents and cars and the number grows weekly.

Currently an immediate demand for more than 1,500 beds exists.

Due to salaries being earned by the oil workers – it is also very hard to attract workers on lower salaries to build properties in the area.

Hundreds of oil workers are currently living in ‘Portakabin’ style rooms or even in converted shipping containers.

If they can’t find accommodation in one of these rooms they will sleep in a tent, their car or a caravan/RV. Not ideal living conditions in the bitterly cold winter months, just 50 miles from the Canadian border.

Cold and crowded accommodation is not what these workers need.

Mini Motel

The ‘Mini Motel’ offers a cosy, comfortable and secure alternative.

A solution has been designed and produced in the form of the Mini Motel. Each room will be 26‟ 0” x 12‟ 8” (331sq ft) and will be fully furnished with beds, sofa, table, shower, wash basin, toilet, TV, microwave and WiFi connectivity. Occupants will get all the home comforts of a full size hotel/motel room. Demand has driven room rates up to $125 per night for single occupancy. We will charge $100 per night for a single room. Higher rates will apply for multiple occupancy. The units are priced at $47,000 per single room or $900,000 for an entire 20 room Mini Motel. 

For more information and a full PDF pack – click here

POSTED BY ALAN FORSYTH ON WED 4TH APRIL AT 14:30 GMT
TAGS: USA Property, Overseas Property, Motel Investing



Daniel Peacock

Daniel Peacock

Our Editor since 2009 has written for many top publications and had work printed in the national newspapers with opinion based on his own successes in property.

Working alongside some of the industrys biggest names, Daniel offers a fair balance report on what the property market has to offer in both the UK and Overseas.

 

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