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Watching TV and looking up stats are two different things. I imagine many of the things NYC are known for isn’t much different from other places
I think people just don’t get how many Single Family Hones are rentals. There is lots of places that look like they should be owner occupied but are not. And to some extent vice versa with condos. People just kind of assume large complexes are apartments
I think people just don’t get how many Single Family Hones are rentals. There is lots of places that look like they should be owner occupied but are not. And to some extent vice versa with condos. People just kind of assume large complexes are apartments
I did not until recently. I know a lot of developers and investment groups come in from out of state to buy whole subdivisions for leasing. They also skate around dated laws by pretending to be young families moving in only to establish residence for Airbnbs. Nashville is the poster child for this. Not agreeing or disagreeing here, but it is interesting. I wonder if there are any correlations between home ownership and house flipping. Seems like some regions care more about how new the houses are than others from personal experience and what my realtor friends say. Wallethub conducted a study on the top cities for house flipping here:
If Seattle is anything like San Diego (not sure in this regard), then people renting forever because they think the homes they can finance are beneath them (but don't want to move out) is very popular genre of resident.
If Seattle is anything like San Diego (not sure in this regard), then people renting forever because they think the homes they can finance are beneath them (but don't want to move out) is very popular genre of resident.
SD is probably skewed by its huge Navy population.
SD is probably skewed by its huge Navy population.
It could be but then again that has to be a big source of home ownership also. Probably a lot of retired flag officers holding the paper on those houses on the ocean in places like Point Loma/Coronado that people always wonder how anyone could afford.
Seattle today is no longer any less expensive than SoCal, the Seattle metro is considered by many ”SF north”. Fortunately I was able to obtain a home before it got out of hand.
For the northeast Philly is cheap and fully of multigenerational home owners. Rowhomes are almost always owner occupied and are really cheap.
Philly has a lot going for it. There is a reason so many New Yorkers are moving there now.
Minneapolis isn't exactly cheap with their taxes and average housing cost of $284500 Considering their strong economy with a median HH income of $83698, I can see why they are in the top slot.
Here in St. Louis, I see many young people in their 20s relocate here for work end up purchasing starter homes on entry level pay.
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