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 2 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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-14-2018, 09:31 AM
 
Location: City of Atlanta
1,405 posts, read 1,154,979 times
Reputation: 1359

Advertisements

The prices are high because enough people have deemed living there to be "worth it".
Reply With Quote Quick reply to this message

 
Old 05-14-2018, 10:11 AM
 
533 posts, read 277,080 times
Reputation: 749
If you have to ask the question, then it's probably not worth it to you.

Midtown is a very nice area, but it's not worth $500-750K at my stage of life. I'm married with kids and I don't have the time to shop or enjoy nightlife. Having to pay an extra $350K and squeezing 3 kids and a dog in a tiny 3/2 is not worth the benefits of being in the middle of it all for me.

Now if I were still single or once I retire, it might be worth it, but definitely not now.
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 10:26 AM
 
Location: Kirkwood
22,147 posts, read 16,140,747 times
Reputation: 4894
Everyone has different prioritizes. IMO yes it is worth it if you can live car free or lite. Thousands of dollars will be saved by not living a car-centric lifestyle.
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 10:27 AM
 
Location: Johns Creek area
9,552 posts, read 8,612,923 times
Reputation: 5052
I found living in the city to be a great investment. Even during the recession, my midtown home was still my best investment.
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 11:05 AM
 
4,240 posts, read 2,816,756 times
Reputation: 2758
Quote:
Originally Posted by cqholt View Post
Everyone has different prioritizes. IMO yes it is worth it if you can live car free or lite. Thousands of dollars will be saved by not living a car-centric lifestyle.
Absolutely. if your priority is to live car-free or car-lite, you are going to want to spend the extra money on housing or give up the extra space to achieve that. If you want the extra space at home, you're either going to have to pay for it, or go somewhere where you must use a car.

I guess, it's kind of like many other things...choose two:

Car-free
Low cost
Large space

Rarely will you find all three.
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 11:23 AM
 
122 posts, read 61,371 times
Reputation: 235
Quote:
Originally Posted by cqholt View Post
Everyone has different prioritizes. IMO yes it is worth it if you can live car free or lite. Thousands of dollars will be saved by not living a car-centric lifestyle.

So how does living a "car free" life styles save thousands of dollars? Im guessing you mean over many years you save thousands of dollars. walking everywhere would lead to better health, but I'm not sure how practical that is, especially in the summer and in the Atlanta heat. I can see walking a 1 1/2 miles to the doctor, but what about when you want to show up to work with being really sweaty. And how exactly do people carry lots of groceries when they walk home? At the end of the day Atlanta is still a sunbelt city and sprawled out even in its most urban parts.

For the guy that said in town real estate is the best investment, you're right. While suburbs stagnate or lose value, most of the time intown real estate will hold or appreciate to the point where it becomes too expensive, i.e a million dollars for a 3/2. I honestly think in the future people are gonna use how "close" you live to the city core as a measure of wealth, it use to be how big your house was. You already see this in places like NY where a "park west" address signals to people that you are pretty wealthy, even if you only live in a small outdated 1 bed 1 bath condo.

Last edited by kgpremed13; 05-14-2018 at 11:36 AM..
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 11:38 AM
 
Location: Atlanta, GA
1,154 posts, read 1,671,676 times
Reputation: 724
If you're even considering a house $500k+, I assume you drive cars around $30k+, which is a $450 payment. Insurance assume for a good driver is $150, so you're at $600/month for car expenses.

If you're getting into the nitty gritty of how much a car free lifestyle would save you, then you shouldn't get the expensive home.

If you're an attorney, physician, or tech person making $200k+/year, why not pay to not be stuck in traffic?
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 11:59 AM
 
Location: Decatur, GA
99 posts, read 47,314 times
Reputation: 177
Quote:
Originally Posted by kgpremed13 View Post
So how does living a "car free" life styles save thousands of dollars? Im guessing you mean over many years you save thousands of dollars. walking everywhere would lead to better health, but I'm not sure how practical that is, especially in the summer and in the Atlanta heat. I can see walking a 1 1/2 miles to the doctor, but what about when you want to show up to work with being really sweaty. And how exactly do people carry lots of groceries when they walk home? At the end of the day Atlanta is still a sunbelt city and sprawled out even in its most urban parts.

For the guy that said in town real estate is the best investment, you're right. While suburbs stagnate or lose value, most of the time intown real estate will hold or appreciate to the point where it becomes too expensive, i.e a million dollars for a 3/2. I honestly think in the future people are gonna use how "close" you live to the city core as a measure of wealth, it use to be how big your house was. You already see this in places like NY where a "park west" address signals to people that you are pretty wealthy, even if you only live in a small outdated 1 bed 1 bath condo.
My wife and I share one car and function quite well this way. This is possible because I'm able to take the bus, walk or catch a ride to work. By doing so, I estimate that we're saving between $4500-5000/year, assuming we owned a modest (new) second car. That money goes straight into my savings account.
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 12:53 PM
 
2,325 posts, read 3,548,096 times
Reputation: 1467
Quote:
Originally Posted by jhtrico1850 View Post
If you're even considering a house $500k+, I assume you drive cars around $30k+, which is a $450 payment. Insurance assume for a good driver is $150, so you're at $600/month for car expenses.

If you're getting into the nitty gritty of how much a car free lifestyle would save you, then you shouldn't get the expensive home.

If you're an attorney, physician, or tech person making $200k+/year, why not pay to not be stuck in traffic?
The average person in a 500K + house with a 30K + car does not give up their car when they live in town. While i think that is true for some income levels and some lifestyles - it is not true for many others.

Also, depending on where you choose to live in town you could end up paying for private school.

Again, I just don't think this is a one size fits all answer. The decision can also change over your life time.
Reply With Quote Quick reply to this message
 
Old 05-14-2018, 01:39 PM
 
4,240 posts, read 2,816,756 times
Reputation: 2758
Quote:
Originally Posted by jhtrico1850 View Post
If you're even considering a house $500k+, I assume you drive cars around $30k+, which is a $450 payment. Insurance assume for a good driver is $150, so you're at $600/month for car expenses.

If you're getting into the nitty gritty of how much a car free lifestyle would save you, then you shouldn't get the expensive home.

If you're an attorney, physician, or tech person making $200k+/year, why not pay to not be stuck in traffic?
If I made that kind of cash, I'd live in town, with a big house, a garage, and a car, and not be stuck in traffic. As it is, I rarely get stuck in traffic living about 5 miles outside of Midtown. It would take an area with every possible amenity available in droves within a ten minute walk for me to go car free. A lot of people with money would probably rather have the freedom of car travel when possible.
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 2000-2016 data
Loading data...

123
Hide US histogram


Over $104,000 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
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, 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, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top