As others have said....it is a price gouging market spike because of drilling.

Many live in hotels because they cant find housing. They negotiate a monthly rate at a lower amount but the hotel has to make this up by charging alot more for poeple actually in town for a few nights.

Similar thing is happening up in North Dakota where you have had an influx of people looking for jobs in oil/gas but the housing structure isnt there to support the work force. Thus the need to live in hotels or RVs/mobile homes.

Because of the spike in rent people cant afford to live there which is then driving wages and forcing some long term residents out of their homes because of real estate increases...thus property taxes are higher or they were on a long term fixed rent that home owners are now looking to play in the market and price spike it.


Housing/rent costs is what drives the local wages. If you cant pay enough for people to live and work there they will leave or they will look for the better paying job and take it.