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A long time ago, California used to be affordable. Attracted by mild temperatures and sunny weather, millions of people moved there. Therefore, today, it has become extremely expensive.
Florida is currently affordable, for the most part. Attracted by warm, sunny weather, millions of people are moving there. Therefore, will it become ultra expensive like California in say, 20 years from now? I mean home values are rising rapidly as we speak.
Raleigh, NC is also almost as expensive as southern New England now, with median home values well over $200K.
I have also noticed that Houston, TX and Austin, TX are NOT cheap like they used to be. Housing in Austin is now almost in line with southern New England as well. Rents in Houston are averaging in the $1,000 - $1,400 range now.
Denver used to be moderately affordable, but is now more expensive than most of New England, with people starting to flee the Denver area due to cost of living.
For the last decade, one of the primary reasons it was such a destination spot was due to relatively low cost of living. Prices have now increased 20-25% in the last 3-4 years and housing in the most desirable zip codes (good school districts or trendy areas) now easily have median prices in the $300k+ range.
IMO, you throw affordability out the window, it seriously diminishes the standing of DFW...
I also came in to say Dallas-Fort Worth. I've heard it's more expensive than the Houston and San Antonio areas, but I'm not sure if it's more expensive than Austin...
Florida is currently affordable, for the most part. Attracted by warm, sunny weather, millions of people are moving there. Therefore, will it become ultra expensive like California in say, 20 years from now? I mean home values are rising rapidly as we speak.
Having been a Floridian for most of my life, I can say it was affordable maybe 15 years ago. You could even hack it in Miami for a reasonable price in the early 2000's. Now the cost of living has completely hit the roof. I don't understand how anyone survives there. The pay scale doesn't match the cost of living. The places that are remotely affordable are semi-rural areas and small towns that you wouldn't want to live in and don't have jobs.
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I have also noticed that Houston, TX and Austin, TX are NOT cheap like they used to be. Housing in Austin is now almost in line with southern New England as well. Rents in Houston are averaging in the $1,000 - $1,400 range now.
Yup. I also used to live in Texas and everything has went up there as well. Especially the Dallas and Houston metros which used to be the most affordable in the state. But unlike Florida, there are many jobs with great pay in various sectors to justify the cost.
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