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As much as I love Asheville, I simply can't afford to live there in a nice newer home. I'd take a 50% pay cut and home prices are now higher there than here in Seminole Co FL. Crazy! I wouldn't live in Asheville unless I had a combined income of higher than what we have now, and that won't happen unless I'm self employed or something.
I think its important to keep some perspective though -- that median rent is still ridiculously cheap compared to other desirable places around the country.
When your income is not even close to being able to afford the rent in Asheville it isn't cheap at all.
Christine7910,
(Or have 2-3 jobs to pay it). OR you don't move to Asheville.
Rents seem to be going up everywhere. From what I'm seeing with the younger generations and such (I'm almost 40), anymore those from smaller towns and cities who are lucky enough to go away to college, trade school, or the military pretty much are stuck with moving to mid-sized or larger urban areas for work. Many mid-sized cities have went on building booms, via tax breaks and the like, to get companies to build downtown (or maybe some other target area) apartments and condos. Here in Indianapolis, over just the last five or so years, companies have built numerous apartment complexes, and I would say they are all high end. Originally the rents were $900-$1,000 for a one bedroom, now they are all $1,200 for a small one bedroom at any of the newer complexes. The complexes that are 20 years old are able to charge $1,000/month since the newer places are $1,200+ minimum. Unbelievable.
My wife and I just built a custom home, but we saved for ten years and are paying it off ASAP. You pretty much have to live frugal to some extent to have a nice home, but the vinyl boxes are fairly affordable in the suburbs. Even the vinyl village homes here in the burbs are running $1,000+ to rent, but at least you will get three or four bedrooms and some space. I've lived in Indiana my whole life, but I wouldn't mind moving to the Blue Ridge/Smoky Mountain area in ten years which is why I follow this forum. The more I read on this forum about Asheville/NC housing and such, the more I'm thinking we will likely end up near Knoxville. The downside is that since urbanization seems to be the trend anymore, I could see Knoxville area housing prices heading upwards. My only hope is that I can get a decent amount from our new home and get something somewhat decent if we do end up heading down to that area.
for anyone who can offer some advice, how do these buyers brokers work ?
Do they charge a certain fee to " work" for home seekers while the search is in progress and what kind of fee do they charge the buyer if/when the broker finds a home for them ?
What if said home seeker finds a home via another source while he has employed the use of a buyer's broker at the same time ...say a realty company that the broker is not affiliated with ...then what happens?
I purchased 3 houses last year through a 1031 exchange. PM me and I will share my experience with you if you like.
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