HARPER COUNTY, Kan. (CNNMoney) — In the oil boomtowns of southern Kansas, enterprising residents are turning into real estate moguls, renting out everything from double-wide trailers to rooms in an old bank for as much as $2,000 a month.
Workers flocking to the area seeking high-paying jobs in nearby oil fields and windfarms have created a housing shortage in these small farming towns, causing the rents to skyrocket.
All is not rosy, however. Some aspects of this are risky (booms historically bust) and ethically challenged.
Also, environmental issues are not addressed in the article but do impact upon property values and health etc. (We at Hill & Usher also sell health insurance and counsel clients on loss prevention and preventative medicine for, among other reasons, dollar savings.)
Read the whole article: In Kansas boomtown, trailers renting for $2,000 a month – Jun. 1, 2012.