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Oil boom makes employers landlords in North Dakota

Fuel Fix -- Matt Grimshaw, who runs a hospital in Williston, North Dakota, and Dale Patten, head of a family-owned bank in nearby Watford City, had the same problem and found the same solution. Both went into the real estate business to attract employees.

Booming oil production means unemployment in Williams County is the lowest in the nation at less than 1 percent. That’s boosted the population of Williston, the Williams County seat which is 600 miles northwest of Minneapolis, by 28 percent in 10 years. The result is a housing shortage in which one-bedroom apartments rent for about $2,300 a month and families stay in single hotel rooms for weeks.

Mercy Medical Center has 50 out of 500 positions to fill at any given time, said Grimshaw, chief executive officer. When $5,000 sign-on bonuses....

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Submitted Feb 23, 2013 By: StanleyCup

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drpepperTX Champion Author Texas Posts:8,962 Points:755,135 Joined:Apr 2011	Message Posted: Feb 25, 2013 8:22:19 AM Ignore drpepperTX Report Abuse As with most booms it is the restauranteur, the store owners, and so on that benefit greatly. The infrastructure created also results in long term benefits. Schools derive more income from the royalties that are taxed in addition to the increase in property values and the resulting increase in taxes.
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,645 Joined:Apr 2010	Message Posted: Feb 25, 2013 12:24:11 AM Ignore KAR120CSII Report Abuse 24 degrees and clear in Minot -- come on over. Above freezing tomorrow.
SkooterG Champion Author Phoenix Posts:1,359 Points:330,085 Joined:May 2012	Message Posted: Feb 24, 2013 3:01:42 AM Ignore SkooterG Report Abuse Wow. The drama of a boom city.
LetemEatCake Champion Author Oklahoma City Posts:5,615 Points:1,207,555 Joined:Mar 2008	Message Posted: Feb 23, 2013 11:13:53 PM Ignore LetemEatCake Report Abuse Interesting article, thanks for posting.
CapriceWagon All-Star Author Washington Posts:949 Points:481,770 Joined:Feb 2008	Message Posted: Feb 23, 2013 7:42:39 PM Ignore CapriceWagon Report Abuse I might have to go work over there for a while...
pgerassi Champion Author Milwaukee Posts:10,911 Points:2,134,530 Joined:Apr 2007	Message Posted: Feb 23, 2013 7:11:24 PM Ignore pgerassi Report Abuse They are NUTS.
KAR120CSII Champion Author Oregon Posts:3,193 Points:623,645 Joined:Apr 2010	Message Posted: Feb 23, 2013 6:06:57 PM Ignore KAR120CSII Report Abuse Very bad for normal citizens of North Dakota.
bcok Champion Author Los Angeles Posts:2,131 Points:1,545,470 Joined:Oct 2005	Message Posted: Feb 23, 2013 5:48:36 PM Ignore bcok Report Abuse lets get rich
BlueOnyx All-Star Author Georgia Posts:620 Points:1,272,155 Joined:May 2008	Message Posted: Feb 23, 2013 5:41:19 PM Ignore BlueOnyx Report Abuse It's feast or famine.
ritaarn88 Sophomore Author Michigan Posts:105 Points:304,890 Joined:Dec 2011	Message Posted: Feb 23, 2013 5:32:50 PM Ignore ritaarn88 Report Abuse Boom town.......sounds like they need to import some home builders!!
boldrph Champion Author Topeka Posts:18,392 Points:3,454,565 Joined:Oct 2002	Message Posted: Feb 23, 2013 5:29:32 PM Ignore boldrph Report Abuse boom and bust. it's the american way
PithyOpiner Champion Author Stockton Posts:16,220 Points:1,599,495 Joined:Jun 2008	Message Posted: Feb 23, 2013 5:26:10 PM Ignore PithyOpiner Report Abuse I'm going to Williston to report gas prices just as soon as I retire. GasBuddy will need to pay me, though.
1COR1533 Champion Author San Jose Posts:1,706 Points:318,210 Joined:Jun 2012	Message Posted: Feb 23, 2013 5:20:47 PM Ignore 1COR1533 Report Abuse ripe for the pickin
fire@53 Champion Author Philadelphia Posts:11,843 Points:2,771,250 Joined:May 2003	Message Posted: Feb 23, 2013 5:20:01 PM Ignore fire@53 Report Abuse Are we going back to the old company store?
nigelb Champion Author Virginia Posts:8,470 Points:1,393,705 Joined:Feb 2008	Message Posted: Feb 23, 2013 5:10:50 PM Ignore nigelb Report Abuse idogau22 sid "Thank goodness someone is creating jobs for unemployed American workers! Obama hasn't done it in 4+ years!! He is very busy Golfing with his "Billionair" Buddies!!! " He has created more jobs than Bush did from his Crawford Ranch with his Billionaire buddies!
mickealo Champion Author Spokane Posts:6,172 Points:2,146,385 Joined:Oct 2006	Message Posted: Feb 23, 2013 5:08:19 PM Ignore mickealo Report Abuse well if you are looking for a job that is the place to go sounds to me
iamforiu Champion Author Indiana Posts:3,585 Points:713,690 Joined:May 2011	Message Posted: Feb 23, 2013 5:06:28 PM Ignore iamforiu Report Abuse good things happening
milespergallon Champion Author Illinois Posts:9,759 Points:1,911,285 Joined:Feb 2007	Message Posted: Feb 23, 2013 5:05:11 PM Ignore milespergallon Report Abuse Has to be mind boggling for everything from basic essentials to infrastructure. Hope they have good, real good managers there
IUVidiot Champion Author Indiana Posts:3,600 Points:711,385 Joined:Jun 2011	Message Posted: Feb 23, 2013 5:02:41 PM Ignore IUVidiot Report Abuse More jobs
idigau22 Champion Author Washington Posts:23,426 Points:3,204,890 Joined:Apr 2003	Message Posted: Feb 23, 2013 4:59:03 PM Ignore idigau22 Report Abuse Thank goodness someone is creating jobs for unemployed American workers! Obama hasn't done it in 4+ years!! He is very busy Golfing with his "Billionair" Buddies!!!
GNo1 All-Star Author Nashville Posts:940 Points:385,605 Joined:May 2011	Message Posted: Feb 23, 2013 4:58:46 PM Ignore GNo1 Report Abuse this could be happening everywhere if it wasn't for the greenies, EPA, and Obama types.
lippoe_sokan All-Star Author Provo Posts:632 Points:185,100 Joined:Nov 2012	Message Posted: Feb 23, 2013 4:58:36 PM Ignore lippoe_sokan Report Abuse Seems like a good problem to have.
ericbcire Champion Author Nevada Posts:4,535 Points:1,270,410 Joined:Aug 2009	Message Posted: Feb 23, 2013 4:58:30 PM Ignore ericbcire Report Abuse Good for them.
mackconsult Champion Author Portland Posts:5,309 Points:864,355 Joined:Jan 2009	Message Posted: Feb 23, 2013 4:53:06 PM Ignore mackconsult Report Abuse How funny
tdc007 Champion Author Lexington Posts:1,123 Points:385,555 Joined:Feb 2012	Message Posted: Feb 23, 2013 4:51:38 PM Ignore tdc007 Report Abuse Ok
barbs24 Champion Author Virginia Beach Posts:3,154 Points:2,042,745 Joined:Feb 2006	Message Posted: Feb 23, 2013 4:47:30 PM Ignore barbs24 Report Abuse Good for them
IUVidiot Champion Author Indiana Posts:3,600 Points:711,385 Joined:Jun 2011	Message Posted: Feb 23, 2013 4:46:26 PM Ignore IUVidiot Report Abuse More jobs
jnseyeongas All-Star Author Milwaukee Posts:760 Points:595,885 Joined:Feb 2011	Message Posted: Feb 23, 2013 4:46:19 PM Ignore jnseyeongas Report Abuse Now that's creative thinking!!
NO_SWEAT Champion Author Toronto Posts:4,355 Points:1,081,265 Joined:Jul 2008	Message Posted: Feb 23, 2013 4:45:54 PM Ignore NO_SWEAT Report Abuse Positive.
slayur Champion Author Chicago Posts:1,533 Points:1,219,020 Joined:Sep 2005	Message Posted: Feb 23, 2013 4:45:31 PM Ignore slayur Report Abuse good
fenster66 Champion Author Pittsburgh Posts:3,360 Points:676,040 Joined:May 2011	Message Posted: Feb 23, 2013 4:45:23 PM Ignore fenster66 Report Abuse also means more jobs and a boost to the economy....
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Feb 23, 2013 4:43:50 PM Ignore Romey08 Report Abuse good news for ND
HailstormCA Champion Author San Diego Posts:7,865 Points:1,473,970 Joined:Nov 2008	Message Posted: Feb 23, 2013 4:43:29 PM Ignore HailstormCA Report Abuse Buy a lot and build your own.
SpankyMI Champion Author Kalamazoo Posts:2,723 Points:762,205 Joined:Jan 2011	Message Posted: Feb 23, 2013 4:43:18 PM Ignore SpankyMI Report Abuse This is great, if I needed a job, I'd be heading to North Dakota today.
infinititom Champion Author Dallas Posts:1,009 Points:520,305 Joined:Oct 2011	Message Posted: Feb 23, 2013 4:40:06 PM Ignore infinititom Report Abuse Finally, some good news.
aarrrt Champion Author San Diego Posts:7,284 Points:1,654,455 Joined:May 2008	Message Posted: Feb 23, 2013 4:37:18 PM Ignore aarrrt Report Abuse Smart.
smokinjoe54 Champion Author Ohio Posts:4,733 Points:915,460 Joined:Feb 2010	Message Posted: Feb 23, 2013 4:34:57 PM Ignore smokinjoe54 Report Abuse Sounds like a plan.
dieselfiendSC Champion Author South Carolina Posts:2,196 Points:849,380 Joined:Nov 2008	Message Posted: Feb 23, 2013 4:34:25 PM Ignore dieselfiendSC Report Abuse OK, good for landlords.
plbell627 Champion Author Dayton Posts:5,158 Points:1,205,205 Joined:Mar 2007	Message Posted: Feb 23, 2013 4:32:36 PM Ignore plbell627 Report Abuse Nice m oney but the winter weather is not to my liking.
DrCashFlow Champion Author Massachusetts Posts:7,079 Points:1,630,050 Joined:Jun 2008	Message Posted: Feb 23, 2013 4:30:32 PM Ignore DrCashFlow Report Abuse truck drivers making $100k/yr
OilerFan Champion Author Tulsa Posts:14,060 Points:2,449,000 Joined:Aug 2005	Message Posted: Feb 23, 2013 4:27:56 PM Ignore OilerFan Report Abuse Someone needs to bring in a bunch of nice camper trailers with full utilities and set up business.
Bigtex09 Champion Author Dallas Posts:4,303 Points:1,162,210 Joined:Oct 2009	Message Posted: Feb 23, 2013 4:27:42 PM Ignore Bigtex09 Report Abuse keep drilling
bondo Champion Author Twin Cities Posts:3,526 Points:765,685 Joined:May 2001	Message Posted: Feb 23, 2013 4:24:12 PM Ignore bondo Report Abuse There is a place an enterprising person could make some money.
txkrb Champion Author Texas Posts:1,563 Points:639,965 Joined:May 2011	Message Posted: Feb 23, 2013 4:23:57 PM Ignore txkrb Report Abuse "Grimshaw persuaded the parent company, Englewood, Colorado-based Catholic Health Initiatives, to build a $12 million, 68-unit apartment building near the hospital." Thats $176000 per apartment, could have built homes
gsayeg1 All-Star Author Milwaukee Posts:796 Points:140,985 Joined:Jun 2008	Message Posted: Feb 23, 2013 4:22:41 PM Ignore gsayeg1 Report Abuse 1,000 a month for a one room apt
TRAIN RIDER Champion Author San Bernardino Posts:9,092 Points:2,759,770 Joined:Oct 2004	Message Posted: Feb 23, 2013 4:19:55 PM Ignore TRAIN RIDER Report Abuse Sounds a lot like greed to me.
rippertoo Champion Author Tacoma Posts:5,770 Points:1,144,760 Joined:Jan 2010	Message Posted: Feb 23, 2013 4:18:08 PM Ignore rippertoo Report Abuse Back to the era of company stores and towns. Bad news back then and even worse news for today.
zachlCA Champion Author California Posts:3,511 Points:654,785 Joined:Jun 2011	Message Posted: Feb 23, 2013 4:17:45 PM Ignore zachlCA Report Abuse Good for them.
Bobmilan Champion Author Louisville Posts:1,215 Points:478,500 Joined:Sep 2011	Message Posted: Feb 23, 2013 4:16:38 PM Ignore Bobmilan Report Abuse GREEDY companies would let workers stay in trailers. These fine professional organizations actually take good care of employees to make theiir busienss run. Wish Obama could figure this one out.
GPD1739P Champion Author Illinois Posts:2,535 Points:727,555 Joined:Feb 2011	Message Posted: Feb 23, 2013 4:16:30 PM Ignore GPD1739P Report Abuse Man I wish I owned land in ND.