Forbes 2015 Most Overpriced Cities (moving, gorgeous, state, retirees)

[ilovemycat]

Interesting post. Worth perusing.

America’s Most Overpriced Cities In 2015 | Forbes

[Serious Conversation]

Many of these places (with the exception of some of the CA/FL metros) are major job centers where the cost can be justified. This really won't apply to retirees, but it's a little unfair for say, Seattle, to be painted as "too expensive" when it offers unique opportunities not available in much of the country.

[GregW]

Fortunately I have no desire to live in ANY of these places.

[AZgarden]

Thanks for the list. Now I know where I won't ever be able to live !

[brava4]

Yet another list.

[HappyTexan]

I saw that yesterday. None of those cities came as a surprise. They are already known as high COL areas to live in.

[s1alker]

I wouldn't call them overpriced. There are huge demand but limited real estate so the market can demand very high rents. Combine that with world class careers at the best companies and world class amenities and those things don't come cheap.

[mlb]

Yah - expensive but there are jobs that support those expenses.

What's stupid is moving there when you don't have the income to support it. Like in retirement.

Then again - you don't have to live IN any of these cities - if you live within 50-100 commutable miles prices drop.

[msgsing]

Yikes. I'm in one of those places but of course I already knew about the COL here. I actually came here from one of the lower end COL areas in the Midwest. Sometimes it's all about timing and luck. We bought several years ago at the bottom of the housing crash and on a short sale. Paid about half of what the previous owner bought the place for. Other than real estate prices seem about the same as our old home state. Property tax rates are lower. We don't use any heat and almost no air con due to the climate.

[ilovemycat]

Originally Posted by msgsing

Yikes. I'm in one of those places but of course I already knew about the COL here. I actually came here from one of the lower end COL areas in the Midwest. Sometimes it's all about timing and luck. We bought several years ago at the bottom of the housing crash and on a short sale. Paid about half of what the previous owner bought the place for. Other than real estate prices seem about the same as our old home state. Property tax rates are lower. We don't use any heat and almost no air con due to the climate.

I love San Diego! Been there only once (or maybe twice) but it is a gorgeous city. I'd say nothing in the Midwest could compare to the beauty. I am surprised about one thing you said- "almost no air conditioning". Could you expand on that? I thought that in San Diego, you would need A/C quite a few months a year.