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Old 07-02-2007, 11:05 PM
 
Location: Seattle
40 posts, read 200,407 times
Reputation: 34

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In the Washington Forums there is often discussion of Seattle being expensive because of high cost of real estate. I wonder how it compares to elsewhere. ? What are the United State's most overpriced cities?

Edit:
I should say that although I think it's overpriced here, I love this city!
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Old 07-02-2007, 11:07 PM
 
Location: Midwest
1,903 posts, read 7,282,517 times
Reputation: 464
Seattle is expensive but worth it. The Chicago area is expensive and, if you're not on the lakeshore, basically overpriced.

Real estate is very expensive generally in the Northeast corridor and coastal California, along with Chicago and Seattle. I would presume that Atlanta, Dallas, and Houston are overpriced.
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Old 07-03-2007, 01:21 AM
 
Location: Houston Texas
2,898 posts, read 2,878,433 times
Reputation: 877
San Diego, Miami, LA, Las Vegas and Pheonix are all priced far above what they are worth, Houston overpriced? BAHAHAHAHAHA laughing uncontrollably!!!!!!!!!!!!
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Old 07-03-2007, 04:02 AM
 
Location: Arlington, VA and Washington, DC
23,638 posts, read 33,434,470 times
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Washington DC, Baltimore, Virginia Beach and Norfolk
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Old 07-03-2007, 05:05 AM
 
Location: Jersey City
6,488 posts, read 16,157,019 times
Reputation: 5637
Baltimore Va Bch and Norfolk??? Perhaps the biggest bargains on the east coast!!
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Old 07-03-2007, 05:15 AM
 
Location: New York
2,744 posts, read 2,840,279 times
Reputation: 854
What about the obvious. NY. It's one think to be a boat load of money while living in a chic neighborhood. It's another thing to STILL have to pay a boat load while living in one of the non Chic neighborhoods in the outer boroughs.

You can't rent a decent 2 bedroom apartment anywhere for less than $1200. In my opinion, that is too much if you consider the average salary.
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Old 07-03-2007, 06:04 AM
 
Location: Texas!
332 posts, read 359,365 times
Reputation: 108
Quote:
Originally Posted by M TYPE X View Post
Seattle is expensive but worth it. The Chicago area is expensive and, if you're not on the lakeshore, basically overpriced.

Real estate is very expensive generally in the Northeast corridor and coastal California, along with Chicago and Seattle. I would presume that Atlanta, Dallas, and Houston are overpriced.
your kidding about Houston right? lol
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Old 07-03-2007, 06:54 AM
 
Location: Austin
4,102 posts, read 7,364,785 times
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If the poster is implying that paying any amount of money to live in Houston is paying too much, I would have to agree. However, Houston is one of the most affordable big cities to live in, if not the most affordable.
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Old 07-03-2007, 07:07 AM
 
Location: Scottsdale, AZ
4,486 posts, read 15,284,268 times
Reputation: 3936
Quote:
I would presume that Atlanta, Dallas, and Houston are overpriced.
WHAT?!?!? Dallas, Atlanta, and Houston are three of the most UNDERPRICED US metros! I mean where else can you get a beautiful 3000 sq ft. home for $200,000-$250,000 anymore? These places are probably the best BARGAINS in the US considering what each offers in terms of high-paying jobs, culture, entertainment, etc etc.

Some of the most OVERPRICED cities would be:

Seattle (who'd want to live in a place that rains all the time?)
L.A.
Boston
Washington D.C.

There are also some cities that are worth the price such as San Fran, San Diego, Boulder, and NYC.
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Old 07-03-2007, 09:22 AM
 
Location: Seattle
40 posts, read 200,407 times
Reputation: 34
Quote:
Originally Posted by SpeedyAZ View Post
WHAT?!?!? Dallas, Atlanta, and Houston are three of the most UNDERPRICED US metros! I mean where else can you get a beautiful 3000 sq ft. home for $200,000-$250,000 anymore? These places are probably the best BARGAINS in the US considering what each offers in terms of high-paying jobs, culture, entertainment, etc etc.

Some of the most OVERPRICED cities would be:

Seattle (who'd want to live in a place that rains all the time?)
L.A.
Boston
Washington D.C.

There are also some cities that are worth the price such as San Fran, San Diego, Boulder, and NYC.
You can buy a home for $200 to $250 in the Houston - Dallas area? That's shockingly cheap. Sounds like no money to me. In Seattle you truly are looking at $450,000 to $550,000 to buy a decent real home (not a condo) in the city limits, and some of the surrounding areas are just as expensive. My girlfriend bought a house in Bellevue like 2 years ago, and paid $425,000 and thought she got an amazing deal on the home. Btw, she works at Microsoft and bought a home as a single woman!

You might be able to find a dumpy condo in the city of Seattle for $200 to $250.

It doesn't rain all the time here - it's just got a lot of gray skies!
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