It depends on whether Mr. Haney is still in the realtor business there ...
Posted on 08/24/2015 5:55:35 PM PDT by SeekAndFind
Buying a home is only getting more expensive.
Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major metro areas in the US, according to second-quarter 2015 data.
Prices have increased across the board.
The site looked at median home prices from the National Association of Realtors, along with interest rates for common 30-year, fixed-rate mortgages and property taxes, and insurance costs, to figure out how much money it would take to pay a median-priced home's mortgage, taxes, and insurance in each city — and how much you would have to earn to afford it.
Salaries listed are rounded to the nearest $500.
(Excerpt) Read more at businessinsider.com ...
Good find!
:)
The mortgage payment doesn’t include insurance and taxes which will easily add $300 a month.
It depends on whether Mr. Haney is still in the realtor business there ...
Article is mixing apples and oranges. In some cities they cite the cost of apartments, apparently condominium apartments in city neighborhoods. In others they mention the cost of detached single family homes in what appear to be suburban neighborhoods.
There are so many variables from city to city, including the rush hour commutes, where neighborhoods are compared to where you work, whether you prefer a detached house to a condo, whether neighborhoods are good or bad, an article such as this is not a very helpful guide to help find where you would have the best quality of life.
Most excellent! I was trying to think of Hooterville, and for some reason Bugtussle came to mind instead. I think Jed Clampett came from Bugtussle.
Yeah, but they were all in the same general area ... on the various shows, there was a lot of bleed-over between Green Acres, Petticoat Junction, and the Beverly Hillbillies.
You joke about Hooterville and Bugtussle, but I’d imagine there are any number of people who would be interested in ranking areas with the lowest cost of living with low crime, low taxes and within commuting distance of a medium-size city with a healthy economy. Add in a garden-friendly, electric bill friendly mild temperate climate and you’d have a great list.
If the stock market keeps dropping, that’s going to crash the real estate market as well.
You're right! When I was in my 20's I wanted to live in, or very near, a big city. Now I want to live in Hooterville or Bugtussle. Mayberry wouldn't be so bad either.
The real-life Mayberry is Mt. Airy, NC. Just up the road from Pilot Mountain (Mt. Pilot). About an hour to Winston-Salem, a mid-size city. Economy’s only so-so though.
What a bunch of malarkey. San Fran at 841k per home would require 190k a year. And that means you’re house poor. These figures are WAY off.
The mortgage payment doesn’t include insurance and taxes which will easily add $300 a month.”
Our wind and regular insurance, property and MUD Taxes for 2015 in the Houston suburbs adds $533 a month to our mortgage payment.
If you get a raise,then you can afford to move to Pixley.
I guess I am lucky to live in a low tax area.
Tombstone; I live in Tombstone, population 1400 in the winter, 800-900 in the summer
You will need some kind of business or enterprise to satisfy your banker.
We are both retired but yet, were able to refinance our note down to 3 percent by showing we had steady income.
Bugtussle is an actual town on Lake Eufaula, OK, just north of McAlester in the SE part of the state. Its best known resident was former Speaker of the US House of Representatives Carl Albert. It probably hits all the marks on your criteria list except for economic viability nearby.
The only place that comes readily to my mind that could possibly fit the bill would be in the vicinity of the southern Appalachians. NC, SC, GA, AL, TN. Possibly southern VA.
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