U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 10-17-2012, 09:43 PM
 
Location: ATL
4,688 posts, read 3,280,149 times
Reputation: 1804
Default Atlanta No. 2 most affordable housing market

Atlanta No. 2 most affordable housing market | The Biz Beat

Metro Atlanta hasnít been the greatest place in the country to own a home, as everyone with a devalued house in these parts knows. There is some good news, relatively speaking, though.It doesnít cost that much to buy here.Atlanta ranks second in the U.S. among the top 25 metro areas in terms of home affordability, new research from Interest.com, a Bankrate company, shows. The median household income in the Atlanta area exceeds the income required to purchase a median-priced home here by 40 percent. Thatís better than every other big market except for Detroit, where itís 45.32 percent.

The rest of the top five most affordable metro areas are Minneapolis, Phoenix and St. Louis. Of course, Detroit is hardly the symbol of economic success, and Phoenix has had major housing issues.The least affordable markets: San Francisco, New York, San Diego, Miami and Los Angeles.

Come here to live the American dream. The haters will be
Reply With Quote Quick reply to this message

 
Old 10-18-2012, 09:50 AM
 
Location: Atlanta
736 posts, read 582,845 times
Reputation: 307
It's true. Now that the market has equalized, Atlanta homes for purchase are really affordable in comparison with wages. The rental market is not quite as affordable but it's not bad compared with other cities. Wow...this may be the first time I've agreed with tonygeorgia

I have recently considered a move to NYC or Boston, but the cost of living -- especially housing -- is insane. I'd have to get a major salary increase (or live in a shoebox, or both) to make that work.
Reply With Quote Quick reply to this message
 
Old 10-18-2012, 09:56 AM
 
1,250 posts, read 761,699 times
Reputation: 385
Rents are getting stupid high. You sprawl lovers need to buy some homes.
Reply With Quote Quick reply to this message
 
Old 10-19-2012, 10:22 AM
 
449 posts, read 541,565 times
Reputation: 190
I hate that so many homeowners were foreclosed or or had their property values decline, but the lower housing market has helped me tremendously.

Gonna buy my second property in Atl soon. Hopefully a third within the next year or two
Reply With Quote Quick reply to this message
 
Old 10-19-2012, 10:50 AM
 
Location: ๏̯͡๏﴿ Gwinnett-That's a Civil Matter-County
2,117 posts, read 2,304,573 times
Reputation: 3396
Yep they can't give the homes away.

Quote:
Originally Posted by tonygeorgia View Post
Come here to live the American dream. The haters will be
It's a dream to buy but a nightmare to sell.
Reply With Quote Quick reply to this message
 
Old 10-19-2012, 11:02 AM
 
Location: Midtown Atlanta
4,476 posts, read 2,721,081 times
Reputation: 1578
Quote:
Originally Posted by cittic10 View Post
Yep they can't give the homes away.


It's a dream to buy but a nightmare to sell.
It's according to where your house is located. Difficult to sell in many of the suburbs? yes. Difficult to sell in the older intown neighborhoods? nope.
Reply With Quote Quick reply to this message
 
Old 10-19-2012, 11:11 AM
 
3,040 posts, read 1,183,405 times
Reputation: 876
Quote:
Originally Posted by cittic10 View Post
Yep they can't give the homes away.


It's a dream to buy but a nightmare to sell.
Actually, it depends on the neighborhood. I just closed on a property last week in an in-town neighborhood. I put my first offer in on a place back in March and have put probably 10 different offers in, basically all going into bidding wars, before finally winning out on this one. Now, even though I got it basically at asking price I still think it is an amazing deal and far cheaper than other major cities I have looked at.
Reply With Quote Quick reply to this message
 
Old 10-19-2012, 01:08 PM
 
Location: ๏̯͡๏﴿ Gwinnett-That's a Civil Matter-County
2,117 posts, read 2,304,573 times
Reputation: 3396
Quote:
Originally Posted by AnsleyPark View Post
It's according to where your house is located. Difficult to sell in many of the suburbs? yes. Difficult to sell in the older intown neighborhoods? nope.
OK good so for you it will be a "dream" to sell but a "nightmare" to buy.

Quote:
Originally Posted by jsvh View Post
Actually, it depends on the neighborhood. I just closed on a property last week in an in-town neighborhood. I put my first offer in on a place back in March and have put probably 10 different offers in, basically all going into bidding wars, before finally winning out on this one. Now, even though I got it basically at asking price I still think it is an amazing deal and far cheaper than other major cities I have looked at.
OK good so for you it will be a "dream" to sell but a "nightmare" to buy.
Reply With Quote Quick reply to this message
 
Old 10-19-2012, 01:23 PM
 
1,250 posts, read 761,699 times
Reputation: 385
Quote:
Originally Posted by tonygeorgia View Post

Come here to live the American dream. The haters will be
That's how we got in this mess in the first place. The only folks mad are renters who's rent has gone up and upside down folk who can't sell.
Reply With Quote Quick reply to this message
 
Old 10-19-2012, 02:33 PM
 
Location: Atlanta
736 posts, read 582,845 times
Reputation: 307
Quote:
Originally Posted by Onthemove2014 View Post
That's how we got in this mess in the first place. The only folks mad are renters who's rent has gone up and upside down folk who can't sell.
Or the unemployed folks who lost their upside-down homes to foreclosure and are now renters whose rent has gone up.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Georgia > Atlanta

All times are GMT -6.

© 2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top