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Permian basin’s housing crunch and rising rental residency demands
1. Permian Basin’s Housing Crunch and Rising Rental Residency
Demands
The real estate developers and hospitality experts are trying to settle this house crunch of both cities
and they are racing to catch up with demand because when the supply will rise, the prices will come
down, but as long as this housing crunch will last, RV Parks will remain the most affordable rental
living area for the
expatriates.
There is a massive increase
recorded in the vocational
staff because drilling is in
full swing these days all
across the fields of the
Permian Basin for the
extraction of oil reserves.
According to an analysis,
this current oil boom has
created approximately 8800
in the combine metro area
of Midland-Odessa. The city
not only proposes jobs in
the oil sectors, it also offers
jobs in other sectors like
trading, retail, hotels, real estate and restaurant sector. It means the restaurant and other industries
are also at a glance in this region. The increasing population has increased the water rates, traffic
and the cost of housing. The amount of rent has nearly tripled since this boom began a few years
ago. This increase in rents has massively affected the incomers and made house hunting process
slow for them.
The climbing rental expense forces every incomer to stay at an RV park like Midland RV Park
because these RV Parks across the area are affordable, fully furnished and also at capacity. The
visitors have to pay just an amount of $400 to $600 per month to park an RV, which is considerably
the best option in the combine metro area of Midland-Odessa. The visitors now avoid staying at
hotels and motels because they want to save their money and consider these RV Parks in
Midland as good as gold. Many workers in the oil business are also struggling to find housing home
in current housing crunch.
A large number of truck drivers also travel to Midland, TX every day which makes a huge increase in
its population. The truck driver who driving water trucks to the oil fields just make a minor amount of
$900 to $1,200 a week for the survival oneself and their families in the town. So the truck drivers and
other low paid workers choose to stay at RV Parks and campgrounds in Midland and Odessa. The
RV travellers also who visit Midland while their road trips to Texas, are mostly long distance
travellers who need a place to stay in Midland to spend a night after hectic long drives. They need
rental spot at reasonable rates to park their RVs. The main features which are required by every
income are the tidy rooms, washrooms and laundry.
2. 1270 RV Park Midland is a spacious place to accommodate a large number of people and it also has
the ability to fulfill the needs of every guest on most economical rates. It offers low cost laundry
service, wireless internet, washrooms for shower and more than 100 hookup places to its guests. It
is situated in the center of combine metropolitans of Midland-Odessa from where both cities can be
reach in lesser time and more conveniently. The real estate developers and hospitality experts are
trying to settle this house crunch of both cities and they are racing to catch up with demand because
when the supply will rise, the prices will come down, but as long as this housing crunch will last, RV
Parks will remain the most affordable rental living area for the expatriates.