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Old 10-17-2019, 10:31 AM
 
2,262 posts, read 2,397,268 times
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Quote:
Originally Posted by Vlajos View Post
But is it? It's obviously not on the high end, but it's not particularly cheap.
Expensive and cheap is subjective but I think an average 1BR there goes anywhere from $1000-$1200 which is pretty good especially for a big city.

And the economy in Houston is growing at a good pace so I think in terms of the amount of people there making six-figures while it may not be as high as NYC, Seattle, etc considering the CoL I think it’s still pretty good.
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Old 10-17-2019, 01:27 PM
 
Location: OC
12,822 posts, read 9,541,088 times
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Quote:
Originally Posted by Vlajos View Post
But is it? It's obviously not on the high end, but it's not particularly cheap.

Compared to coasts it's dirt cheap.
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Old 10-17-2019, 02:11 PM
 
14,798 posts, read 17,676,840 times
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Quote:
Originally Posted by Gaylord_Focker View Post
Compared to coasts it's dirt cheap.

Oh, that's obviously true. But compared to Philly, Chicago, Minneapolis, etc. it's pathetic growth and not cheap.
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Old 10-17-2019, 02:22 PM
 
Location: New York City
9,378 posts, read 9,326,130 times
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Quote:
Originally Posted by Vlajos View Post
Oh, that's obviously true. But compared to Philly, Chicago, Minneapolis, etc. it's pathetic growth and not cheap.
I don't get this post?

Houston is significantly cheaper than all 3 of those cities.
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Old 10-18-2019, 07:57 AM
 
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Originally Posted by cpomp View Post
I don't get this post?

Houston is significantly cheaper than all 3 of those cities.
You sure? Chicago's median rent is less than $1100. You don't even need a car in Philly or Chicago.
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Old 10-18-2019, 10:11 AM
 
Location: New York City
9,378 posts, read 9,326,130 times
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Quote:
Originally Posted by Vlajos View Post
You sure? Chicago's median rent is less than $1100. You don't even need a car in Philly or Chicago.
Both Chicago and Philadelphia have median 1-bedroom rents (citywide) around the $1,500 range, both in the top 20 highest rental markets in the US. Houston median around $1,100 for a 1-bed.

Philadelphia and Chicago are more expensive from a general cost of living standpoint too - taxes, groceries, transit costs, restaurants, etc.

Median home price in Philadelphia (city not metro) is still lower than Houston's though.

The differences aren't astronomical, but enough. I also see Philadelphia's affordability status shrinking in the coming years as the city improves and people seek refuge from New York and DC.

And true about not needing a car unless you reverse commute (fairly common in Philadelphia).
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Old 10-18-2019, 02:44 PM
 
Location: Houston, TX
8,323 posts, read 5,481,561 times
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Quote:
Originally Posted by Vlajos View Post
Oh, that's obviously true. But compared to Philly, Chicago, Minneapolis, etc. it's pathetic growth and not cheap.
Minneapolis' job growth has been awful the last couple of years. So I dont know why you even mentioned that.

And yes especially for what the city offers, Houston has very low costs.
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Old 10-19-2019, 06:37 AM
 
14,798 posts, read 17,676,840 times
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Quote:
Originally Posted by cpomp View Post
Both Chicago and Philadelphia have median 1-bedroom rents (citywide) around the $1,500 range, both in the top 20 highest rental markets in the US. Houston median around $1,100 for a 1-bed.

Philadelphia and Chicago are more expensive from a general cost of living standpoint too - taxes, groceries, transit costs, restaurants, etc.

Median home price in Philadelphia (city not metro) is still lower than Houston's though.

The differences aren't astronomical, but enough. I also see Philadelphia's affordability status shrinking in the coming years as the city improves and people seek refuge from New York and DC.

And true about not needing a car unless you reverse commute (fairly common in Philadelphia).
The median rent in Chicago is less than $1100. Are you saying well over half of Chicago's apartments are studios? Thats laughably wrong.
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Old 10-19-2019, 06:38 AM
 
14,798 posts, read 17,676,840 times
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Quote:
Originally Posted by As Above So Below... View Post
Minneapolis' job growth has been awful the last couple of years. So I dont know why you even mentioned that.

And yes especially for what the city offers, Houston has very low costs.
I didn't mention job growth anywhere. Houston is not that cheap and it's growth of higher earners is pathetic for its size is all on I'm saying.
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Old 10-19-2019, 11:31 AM
 
8,856 posts, read 6,848,510 times
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You can buy a decent one-bedroom highrise condo in Chicago's core for $200,000. I've spent time on Zillow just to marvel at this.

The point about not needing a car is huge.
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