Comments on: The Most (and Least) Affordable Cities In The U.S. http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/ Mon, 06 Feb 2012 05:37:00 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Patrick_Riddle http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-267 Patrick_Riddle Thu, 31 Dec 2009 16:28:39 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-267 Thanks for the heads up Cola ... we appreciate it! ~ P-Rid Thanks for the heads up Cola … we appreciate it!

~ P-Rid

]]> By: Cola http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-266 Cola Thu, 31 Dec 2009 16:14:30 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-266 From the article referenced it appears the data from the 2nd "least affordable RE markets to buy a house" was replicated in the list above showing identical median prices & income for 3rd & 4th place. It appears that the correct article numbers should be ... == 3rd place: Honolulu Median home price: $450,000 Median income: $79,300 Affordability score: 32.7% 4th place: Santa Ana, Calif. Median home price: $411,000 Median income: $86,100 Affordability score: 37.6% == Regards, Cola From the article referenced it appears the data from the 2nd “least affordable RE markets to buy a house” was replicated in the list above showing identical median prices & income for 3rd & 4th place. It appears that the correct article numbers should be …
==
3rd place: Honolulu
Median home price: $450,000
Median income: $79,300
Affordability score: 32.7%

4th place: Santa Ana, Calif.
Median home price: $411,000
Median income: $86,100
Affordability score: 37.6%
==
Regards,
Cola

]]> By: Trevor http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-252 Trevor Sun, 13 Dec 2009 21:15:44 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-252 Hey Mark, Thanks for the comment! Well... I agree and dis-agree w/ ya. With this article we simply were talking about "affordability" just based on purchase price and median income. And, the article of course doesn't take into account other costs related to the purchase and ownership of a property like (as you mentioned) property taxes. That is something people of course have to take into account in their own due diligence before buying a property. But, a lot of investors out there aren't buy and hold investors (which it sounds like you may be) and the property taxes for them aren't as big of an issue because they're just looking to buy and sell the house in a short amount of time... and, for those types of transactions an area where housing is "affordable" properties can tend to sell a bit more quickly. So, thanks for the comment! Agree w/ ya on the property taxes... but disagree that "values mean nothing". Value means a lot... but it's only one piece of the overall decision pie as you mentioned. Thanks! - Trevor Hey Mark,

Thanks for the comment! Well… I agree and dis-agree w/ ya. With this article we simply were talking about “affordability” just based on purchase price and median income. And, the article of course doesn’t take into account other costs related to the purchase and ownership of a property like (as you mentioned) property taxes. That is something people of course have to take into account in their own due diligence before buying a property.

But, a lot of investors out there aren’t buy and hold investors (which it sounds like you may be) and the property taxes for them aren’t as big of an issue because they’re just looking to buy and sell the house in a short amount of time… and, for those types of transactions an area where housing is “affordable” properties can tend to sell a bit more quickly.

So, thanks for the comment! Agree w/ ya on the property taxes… but disagree that “values mean nothing”. Value means a lot… but it’s only one piece of the overall decision pie as you mentioned.

Thanks!

- Trevor

]]> By: Joan Kappes http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-250 Joan Kappes Sat, 12 Dec 2009 06:22:57 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-250 Yes, Indianapolis is the most affordable real estate market! Investing is all about "the numbers" AND a quality real estate and property management team. We have several single family homes available that are rehabbed, rented (with a quality property management company) and each property is already cashflowing. All the work's been done for you! Please contact me with questions. Yes, Indianapolis is the most affordable real estate market! Investing is all about “the numbers” AND a quality real estate and property management team. We have several single family homes available that are rehabbed, rented (with a quality property management company) and each property is already cashflowing. All the work’s been done for you! Please contact me with questions.

]]> By: mark http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-249 mark Fri, 11 Dec 2009 03:38:15 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-249 These values mean nothing. I live in Upstate Ny and the taxes on a 250K home are 8-12k depending on county. Why would I buy here when I can buy the same home down south for the same price and pay 70% less in taxes. For what I save in taxes I can buy a 400k home somewhere else. Price is misleading when you consider buying a home in a high tax state. These values mean nothing. I live in Upstate Ny and the taxes on a 250K home are 8-12k depending on county. Why would I buy here when I can buy the same home down south for the same price and pay 70% less in taxes. For what I save in taxes I can buy a 400k home somewhere else. Price is misleading when you consider buying a home in a high tax state.

]]> By: Jay http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-248 Jay Thu, 10 Dec 2009 12:32:05 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-248 The website for Fort Wayne, Indiana is http://www.superiorprivatemoneyreturns.com Sorry about that. The website for Fort Wayne, Indiana is http://www.superiorprivatemoneyreturns.com

Sorry about that.

]]> By: Jay http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-247 Jay Thu, 10 Dec 2009 12:29:46 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-247 Have turnkey properties available with managment services provided in Fort Wayne, Indiana. Second largest economic center in the state, two hours away from Indianapolis, Metropolitan population is 570,000, City population is 250,00. Median income is $45,000 and median home price is $95,000. Average rent is $600/month. Percentage of renters is 38%. We provide fully rehabbed homes, tenant under contract, a minimum 15% instant equity and positive cashflow to investors. If you would like more information, submit your contact information on our website and we will be in contact with you to discuss your goals and what you are wanting to achieve. Thanks Have turnkey properties available with managment services provided in Fort Wayne, Indiana.
Second largest economic center in the state, two hours away from Indianapolis, Metropolitan population is 570,000, City population is 250,00. Median income is $45,000 and median home price is $95,000. Average rent is $600/month. Percentage of renters is 38%. We provide fully rehabbed homes, tenant under contract, a minimum 15% instant equity and positive cashflow to investors. If you would like more information, submit your contact information on our website and we will be in contact with you to discuss your goals and what you are wanting to achieve. Thanks

]]> By: Tim Cronin http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-244 Tim Cronin Thu, 10 Dec 2009 03:01:22 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-244 It figures that NY has the first and 5th worst areas, which are next to each other,coincidentally. Now will the guru's believe me when I say LI is a different animal?Go do a PACER search for Nassau County going 1 month back;see if you get so much as 1 lead for over 900 cases pulled. Tells an investor all they need to know. Better be a cash in hand rehabber, and know what you're doing. It figures that NY has the first and 5th worst areas, which are next to each other,coincidentally.
Now will the guru’s believe me when I say LI is a different animal?Go do a PACER search for Nassau County going 1 month back;see if you get so much as 1 lead for over 900 cases pulled. Tells an investor all they need to know. Better be a cash in hand rehabber, and know what you’re doing.

]]> By: Jim http://www.privatemoneyblueprint.com/members/the-most-and-least-affordable-cities-in-the-u-s/953/comment-page-1/#comment-243 Jim Thu, 10 Dec 2009 01:49:53 +0000 http://www.privatemoneyblueprint.com/members/?p=953#comment-243 I live in Warren, MI and am a real estate investor. If anyone would like to partner up and learn more how to earn above average returns backed by real estate, or split the profits, please email me at www.realworksllc@gmail.com I live in Warren, MI and am a real estate investor. If anyone would like to partner up and learn more how to earn above average returns backed by real estate, or split the profits, please email me at http://www.realworksllc@gmail.com

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