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Old 03-24-2018, 08:25 AM
 
11,456 posts, read 6,611,852 times
Reputation: 6095

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Quote:
Originally Posted by gladhands View Post
300k gets a decent house in 95% of US cities, and it will get you a decent 2br condo in many of the more expensive cities.

Philly: https://www.redfin.com/PA/Philadelph...m_content=link

DC: https://www.redfin.com/DC/Washington...m_content=link

Chicago: https://www.redfin.com/IL/Chicago/48...m_content=link

Gentrified Harlem, NYC: https://www.redfin.com/NY/New-York/5...m_content=link

The NY and DC examples are exceptions to the rule, but Philly and Chicago are not.
Yeah, I had a feeling he or she was off with Philly and Chicago.
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Old 03-24-2018, 08:29 AM
 
Location: Center City
6,869 posts, read 7,818,981 times
Reputation: 9501
Quote:
Originally Posted by l1995 View Post
Most cities are less expensive than those
But few are as walkable.

3 points:

1. I’m a boomer who moved from car-centric Houston to pedestrian-friendly Center City Philadelphia upon retirement. And the restaurants and night spots here are overflowing with millennials.

2. When considering the cost of living, it’s important to take into account all costs, not just housing. Consider the savings in ditching a car or two: no monthly payments, gasoline, insurance, maintenance or parking. Kinda adds up.

3. This blog site is a joke. How many other legitimate new sites do you follow that publish a (ahem) ”manifesto”? The author of this particular piece publishes under the pseudonym Tyler Durden. Let’s learn a bit more about him:

”Zero Hedge is an English-language financial blog that aggregates news and presents editorial opinions from original and outside sources. The news portion of the site is written by a group of editors who collectively write under the pseudonym "Tyler Durden" (a character from the novel and film Fight Club).

Zero Hedge's content has been classified as "alt-right", anti-establishment, conspiratorial, and economically pessimistic, and has been criticized for presenting extreme and sometimes pro-Russian views.”
https://en.m.wikipedia.org/wiki/Zero_Hedge

The more you know? Move along, folks. Nothing to see here.
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Old 03-24-2018, 09:09 AM
 
3,235 posts, read 1,567,005 times
Reputation: 2365
How about these cute Chicago single unattached homes for sale Northwest side.

$250.00 Cottage home
https://www.redfin.com/IL/Chicago/62.../home/13463994

$265.00 another Cottage home
https://www.redfin.com/IL/Chicago/59.../home/13465939

$275.00 brick bungalow
https://www.redfin.com/IL/Chicago/62.../home/13463973

Sold $235.000 Tudor home
https://www.redfin.com/IL/Chicago/31.../home/13433826

$186.00 smaller home called a bungalow. Nice size lot and yard.
https://www.redfin.com/IL/Chicago/32.../home/13467632

Not near downtown where prices are way higher. But still nice area and nice Chicago-style housing. Not exactly millennial styles with hot nightlife and such...... Same homes in these nearer core areas much higher.
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Old 03-24-2018, 10:05 AM
 
4,491 posts, read 2,685,055 times
Reputation: 4104
Good post Pine to Vine. I'm not allowed to rep you.

A $1,200 rent and $500 in car expenses in Houston isn't more affordable than a $1,600 rent and $100 transit pass in an urban city. And you get to live in the urban city!

Articles like this take advantage of a misconception...nobody ever claimed that ALL millennials like cities. It's just more than previous generations. It's still more. But they find the ones that don't like cities and talk about them, including the trend of some of the mid-low income types going elsewhere for cost reasons.
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Old 03-24-2018, 10:14 AM
 
11,456 posts, read 6,611,852 times
Reputation: 6095
Quote:
Originally Posted by mhays25 View Post
Good post Pine to Vine. I'm not allowed to rep you.

A $1,200 rent and $500 in car expenses in Houston isn't more affordable than a $1,600 rent and $100 transit pass in an urban city. And you get to live in the urban city!

Articles like this take advantage of a misconception...nobody ever claimed that ALL millennials like cities. It's just more than previous generations. It's still more. But they find the ones that don't like cities and talk about them, including the trend of some of the mid-low income types going elsewhere for cost reasons.
I'm pretty sure you can find rents way lower than that in Houston. Furthermore, you can find rents lower than that even in Philly.
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Old 03-24-2018, 10:17 AM
 
Location: Clemson, SC by way of Tyler,TX
4,876 posts, read 3,002,451 times
Reputation: 3409
Quote:
Originally Posted by bluecarebear View Post
True article for once. In the last couple of years almost everyone I know has left the city for the exurbs. I knew the 2017 census figures were going to support the facts. City cores aren't that great unless you can afford the $300,000 cost for a house and the high taxes that go with it. The burbs are becoming more walkable and convenient. It's easier to drive 5 min to a restaurant than have to wait for a bus IF the busline is scheduled for that day and time. I have been living in big cities almost my entire life. They ain't all that.

Before you judge - I'm mixed race.
300k won't buy you jack in most of the nicer cities.
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Old 03-24-2018, 10:45 AM
 
Location: Greenville SC 'Waterfall City'
7,595 posts, read 4,025,752 times
Reputation: 2933
Young people have never had the same preferences and views. Some young people prefer big cities, some prefer suburbs, some prefer rural.
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Old 03-24-2018, 11:08 AM
 
Location: Pittsburgh
3,145 posts, read 2,834,294 times
Reputation: 2858
Quote:
Originally Posted by Gaylord_Focker View Post
300k won't buy you jack in most of the nicer cities.
Housing prices are relative. The posters on CD aren't accounting for the low salaries. It isn't uncommon for college grads to be making under $30,000 in Pittsburgh. 300K might not be a lot in big cities but it's enough in Pittsburgh to force people to the burbs.
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Old 03-24-2018, 11:58 AM
 
7,744 posts, read 4,590,691 times
Reputation: 8455
Quote:
Originally Posted by bluecarebear View Post
Housing prices are relative. The posters on CD aren't accounting for the low salaries. It isn't uncommon for college grads to be making under $30,000 in Pittsburgh. 300K might not be a lot in big cities but it's enough in Pittsburgh to force people to the burbs.
Youíll forgive bluecarebear. He/she hasnít come to terms with the fact that Pittsburgh is no longer a hollowed shell of a city where turnkey properties cost 80k anymore. He/she is also of the false impression that underemployed college grads are a Pittsburgh-specific phenomenon.

I am of the belief that 300k still gets you a decent house or condo in most cities, and 200k can get the job done in Pittsburgh.

https://www.redfin.com/PA/Pittsburgh...m_content=link

https://www.redfin.com/PA/Pittsburgh...m_content=link
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Old 03-24-2018, 12:11 PM
 
21,218 posts, read 30,435,315 times
Reputation: 19671
Quote:
Originally Posted by gladhands View Post
300k gets a decent house in 95% of US cities, and it will get you a decent 2br condo in many of the more expensive cities.

Philly: https://www.redfin.com/PA/Philadelph...m_content=link

DC: https://www.redfin.com/DC/Washington...m_content=link

Chicago: https://www.redfin.com/IL/Chicago/48...m_content=link

Gentrified Harlem, NYC: https://www.redfin.com/NY/New-York/5...m_content=link

The NY and DC examples are exceptions to the rule, but Philly and Chicago are not.
The Philly example is for 502 square feet, and a unique example known as a trinity which are very narrow, not very deep, and primarily vertical rowhomes. The NYC and DC examples are quite the exception and in areas most wouldn't want to live in early on in the gentrification process. Chicago is the outlier and you'll notice not mentioned in my prior post...so your point being?
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