From North Dakota's Oil Fields to Arizona's Subdivisions
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Blaine Bjella, 41, still owns three auto body and truck accessories businesses in his native Williston, N.D., the hub of the state's oil bonanza, which has pushed the state's unemployment rate to the lowest level in the nation (3.4%).
When an oil company made him an offer for the 6 acres that his log home sat on, he couldn't refuse. He moved his wife and three sons to a lake cabin he owns while they looked for a new house.
High demand is causing a shortage of real estate in western North Dakota. That inspired Bjella to look south, where his father-in-law lives.
"I saw what you could get for the dollar, and we bought a house here in Mesa," Bjella says.
It's another example of how increased domestic energy development benefits all of us.
[Hat tip: Mark Perry.]