After just over two years in Alaska, I've decided to put down some roots and stay. My wife (who I met on the ferry up here) and I both found really good jobs up here that we both enjoy and pays well, and we love just about everything about living in Alaska to the point where we can't see ourselves moving outside any time soon.
The rental market is overpriced, fed by oil company employees, students, military, etc who only plan to be here a few years. Unfortunately the housing market in Fairbanks is pretty craptacular too, lots of older houses that either need a lot of repairs, cost a LOT to heat in the winter, or more commonly both. We weren't seeing anything worth getting in to 30 years worth of debt in a size that we wanted (2-3 bedrooms, on the electrical grid with indoor plumbing, around 1200-1500 sq ft) that wouldn't cost us upwards of double of what we were already paying for heat and electric.
In March we went to the annual home show in Fairbanks and ran across a small local builder who focused on building extremely energy and water efficient superinsulated houses in a new subdivision located just south of Fairbanks in Ester, AK. (http://sixstarhome.com/index.html) For about what we were looking to pay for an existing home, we could get new construction and have our house spec'd out exactly as we wanted. And get $10,000 back from the state for building an energy efficient house. AND get 0.5% off our interest rate. He had a couple smaller houses built already, and after touring them (see the link above) we were sold on building.
More or less, this is going to be our house: http://sixstarhome.com/dawsonhouse/index.html
1st floor is completely open, only changes are going to be moving the washer/dryer under the stairs and adding a 1/2 bath. The inside box is 18x32 on each floor.
2nd floor, the area over the stairs is going to be a closet.
The layouts on each floor will be reversed when we build due to how the lot is laid out.