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What, in your opinion, is the best affordable big city?
Most of us would love to live in San Fran but it's probably the most expensive, big US city at a normal home running over $1 million. But some cities still have an affordable housing market where you can get a great bang-for-your-buck.
Good thread. I know here in the Charlotte area, homes are still pretty affordable. I live in suburban Charlotte. My home is 2100sf, 4/2.5, 1/3 acre, 2-story, 9 years old, nice subdivision in great school zone and near everything. If I sold it now, I'd probably get about $175k.
From what I've heard, Nashville and San Antonio have very good home prices. It'll be interesting to see what others have to say.
Thats tough to say. Most of Detroit is a warzone, no doubt. But there are areas Ive seen in photos (not personally) that looked really nice. The suburbs are nice (most of them) around Detroit, which is another positive. Detroit is like any other big city, good areas, horrid areas. I like downtown Detroit though, it feels very "open", I love the lake and Canada right on the other side.
Phoenix WAS an affordable city until just a few years ago. Now real estate speculation has ruined that, with home values DOUBLING in just a few years. So many of these 1980's era apartment complexes have been converted to bogus "condos," so there is less supply of rentable apartments now, and rent has gone up as well. You can still buy an affordable new house, but you have to go really far out or buy in a questionable area. Affordability and quality of life have both declined; the whole Phoenix area is not as attractive now as it was just a few years ago.
What about Indy? It's the most affordable major housing market.
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