I was an Alaskan resident for the last 23 years and recently moved out. I had a larger home, and the economic conditions in Alaska had me more than concerned about going upside down on value.

The State is wheezing financially. They cannot tap their natural resources (logging, minerals, coal) and oil is looking like a longterm bust. It is a welfare state with handouts for everyone - and those with a hand out are moving in at a steady rate. A book could be written on the downturn and all the reasons. Suffice to say - the housing market on the higher end could be risky. I have no regrets about getting out.

The State is seriously floating an income tax and capping the Dividend Fund and to use the income to stem the yearly billions in cost overruns. The future does not look bright. YMMV