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The least affordable place to live in America is…
nypost ^

Posted on 06/23/2016 12:29:00 PM PDT by ChicagoConservative27

The most unaffordable place to live in the US is not San Francisco or Manhattan. It’s Brooklyn.

A person earning the average salary in Brooklyn cannot afford the average home there — even if he could spend his entire salary (and then some) on housing, according to a survey released Thursday by real estate firm RealtyTrac, which looked at home sales price data in 417 of the most populous counties in the US as well as average wage data from the Bureau of Labor Statistics. The second- and third-most unaffordable places in America are Marin County, Calif., and Santa Cruz, Calif. — both of which would also require the average wage earner to spend his or her entire salary and more to buy the median home in the area.

In each of these three cases, many people — priced out of Manhattan, San Francisco and San Jose — are moving from the pricey city center to Brooklyn, Marin County and Santa Cruz, respectively, which is pushing prices there up, says Daren Blomquist, vice president of RealtyTrac. Meanwhile, wages in those counties aren’t keeping pace with the home price appreciation, which makes these three areas the most unaffordable in the nation for residents looking to buy. (Note that the average home prices in Manhattan, San Francisco and San Jose are still higher than in Brooklyn, Marin and Santa Cruz, but so are the wages.)

(Excerpt) Read more at nypost.com ...


TOPICS: Culture/Society; Government; News/Current Events; US: New York; Your Opinion/Questions
KEYWORDS: brooklyn; newyork; nyc; top10
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To: ChicagoConservative27

interesting...
places where there is a tremendous amount of foreign capital coming in and buying many of the houses

plus, places adjacent to two of the only areas left in USA with jobs

......
demand, demand. foreign money and some of the highest paid prolitariat in the world

plus,
areas where there is almost or zero building allowed, due to “environmental regulations”

demand + demand + restricted supply -—— the (obvious) result is pushed-up living costs

meanwhile, most of the rest of America remains in Obama’s super-sized depression, alas~!


21 posted on 06/23/2016 1:07:44 PM PDT by faithhopecharity ("Politicians are not born. They're excreted." Marcus Tullius Cicero)
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To: ChicagoConservative27

Posted this article and this is the response I got from a liberal Democrat:

“No let’s use hate! It has always worked so well in the past.”

Inconceivable they are this stupid.

I wonder how the people in Florida received this unicorns and rainbows approach to their loved ones slaughter.


22 posted on 06/23/2016 1:15:24 PM PDT by Beowulf9
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To: proxy_user

+1


23 posted on 06/23/2016 1:21:01 PM PDT by x
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To: ChicagoConservative27

The most affordable place to live in America is Sierra Vista, Arizona.


24 posted on 06/23/2016 1:24:58 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: goldstategop

It ain’t the structure, it’s the real estate.


25 posted on 06/23/2016 1:25:15 PM PDT by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: marktwain

“Zoning makes housing unaffordable.”

Bad zoning makes housing unaffordable.

There really isn’t a problem in separating housing from factories.

Housing probably should be placed on top of retail and sold with the commercial space.

Having store workers live on top of their workplace would:
1. save the workers the expense of owning a car and of auto insurance
2. ensure the workers arrive at work on time
3. reduce CO2 emissions

As for residential zoning, it shouldn’t be units per acre. It probably should be by square feet per acre.

“Affordable” housing

This is just food for thought (I’m still thinking about this matter):
In Britain, Section 106 agreements that require 30% of housing units be “affordable” are generally required.

It has been said by more than one Brit that an “affordable” unit hasn’t been seen that is truly affordable by a mail carrier.

Affordable housing requirements generally don’t work well for small developments. Imagine ten houses, three of which are “affordable” by government standards.

Some people just think these “affordable” units are so bureaucrats can live like well-paid private sector folks (they exist readers, but are rare) and collect fat and massively unequal pensions on top of basically equal housing.


26 posted on 06/23/2016 1:26:34 PM PDT by Brian Griffin
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To: goldstategop

in California many of them are....just not on wheels


27 posted on 06/23/2016 1:31:35 PM PDT by Nifster (I see puppy dogs in the clouds)
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To: ChicagoConservative27

Prior to the 1950’s, it was possible to break up a house into smaller units.

This is no longer allowed in almost all of the USA.

Also, smaller class sizes require large/larger houses to pay for them.

Homebuyers need to be made to pay an average of $20,000 more for a house to reduce junior’s class size by one student under the ad valorum property tax system.

In Britain, almost all Victorian housing of middle and upper income origins has been broken down into smaller units.


28 posted on 06/23/2016 1:35:40 PM PDT by Brian Griffin
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To: ChicagoConservative27

If you go to the Hancock Park area of Los Angeles you can find many multi-unit structures that look very much like a single family house.


29 posted on 06/23/2016 1:42:34 PM PDT by Brian Griffin
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To: Brian Griffin

If they’re vintage buildings they probably were at one point. Big old Victorian houses got divided into four apartments fairly frequently, after the Depression.


30 posted on 06/23/2016 1:44:28 PM PDT by RegulatorCountry
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To: miss marmelstein
Likely that the Grand Concourse is next. The grand old apartment buildings had some sizable well appointed units as well as the side streets. Easy access to subways, quick get out of town for the week end getaways.

Revitalize the commercial nexus at Fordham Road where Alexander's department store was and Fordham east and west and it becomes a great commercial anchor.

Second apt. I had was just south of the reservoir by Lehman College, three blocks north of Fordham Rd. 20+ minutes to mid-town. In 1972 my 1 bedroom with french doors to the living rm, glazed door to kitchen/dining, elevator bldg, small supermarket half block away, the rent was $137/mo. Bread was $.79 a loaf, whole Purdue chicken about $1/lb, on sale, .79/lb.

GF took me to Lohman's on Fordham, once. Sat in the husband section by the window and watched near carnage raging on the sales floor. Never again ;>)

31 posted on 06/23/2016 1:47:09 PM PDT by Covenantor (Men are ruled...by liars who refuse them news, and by fools who cannot govern. " Chesterton)
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To: ChicagoConservative27

Brooklyn????

Well, Spike Lee will be pissed off about this news!!

Spike is all offended about these “white mothers” strutting around, pushing strollers, and not having reverence and respect for the history of ghetto neighborhoods which are becoming gentrified.

Maybe off topic, but so many liberals are angry about gentrification and renovation of downtrodden urban neighborhoods. Is gentrification really that bad?? If we see formerly neglected areas revitalized??? If we see properties renovated, and adding to the tax base?? If we see new businesses moving in??? If we see crime rates plummeting as habitual criminals are driven out???

I’ve even heard that we are seeing some redevelopment happening in Bedford-Stuyvesant, which has been one of the worst slums in Brooklyn.

It’s funny too, that Spike Lee laments the passing of the Brooklyn ghettos that he is so nostalgic for. He became successful and moved to the upper east side of Manhattan. He won’t even live in Brooklyn himself anymore.


32 posted on 06/23/2016 1:50:56 PM PDT by Dilbert San Diego
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To: ChicagoConservative27

Large, glamorous metropolitan areas have been multi-earner/multi-unit property areas for decades.

Manhattan was four-earner/apartment territory when Marlo Thomas was in the big time about forty plus years ago.

In the 1980’s, California was too expensive even for a BSEE like me.

Expect to need two incomes (at least) to buy a place in a glamour berg.

Mr. and Mrs. Professional are always going to be able to pay more to save a two-hour commute than Fred the Fast Food guy can make in eight hours.


33 posted on 06/23/2016 1:56:22 PM PDT by Brian Griffin
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To: Dilbert San Diego

“Bedford-Stuyvesant”

It is my understanding that it had/has a mix of high-quality and low-quality housing.


34 posted on 06/23/2016 2:00:34 PM PDT by Brian Griffin
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To: Dilbert San Diego

“gentrification”

Federal law is such that it is now legally impossible to flee from black people, so white people often no longer do so.

Blacks were helped as well as hurt by skin color discrimination.

Now we have greenback-based discrimination.


35 posted on 06/23/2016 2:07:21 PM PDT by Brian Griffin
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To: miss marmelstein

The Long Island City portion of Queens is booming. Soon to be a mini Manhattan.


36 posted on 06/23/2016 2:10:40 PM PDT by SamAdams76 (Delegates So Far: Trump (1,542); Cruz (559); Rubio (165); Kasich (161)
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To: ChicagoConservative27

10 least affordable places to live in America

Plus the percentage of average wages required to buy the median home in the area

1.Brooklyn, NY — 121.70%
2.Marin County, Calif. — 118.10%
3.Santa Cruz, Calif. — 113.50%
4.San Francisco, Calif. — 94.60%
5.Maui, Hawaii — 92.80%
6.San Luis Obispo, Calif. — 90.40%
7.Napa, Calif. — 86.90%
8.Monterey, Calif. — 84.50%
9.Queens, NY — 83.60%
10.Sonoma, Calif. — 82.10%

I have posted before that not only people leaving SF are driving up the property values of the wine counties north, south and east of SF.

We have Chinese ponying up cash, and SF expats, LA expats, NY expats, Houston expats, and Canadian expats ponying up cash for homes. This drives the prices up for buyers and renters.


37 posted on 06/23/2016 2:46:44 PM PDT by Grampa Dave (La Raza thugs in America are Mexico's form of Isis terrorism/terrorists/invaders!!)
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To: ChicagoConservative27

Here’s a radical though. don’t move there is you can’t afford it.


38 posted on 06/23/2016 3:04:18 PM PDT by Organic Panic
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To: ChicagoConservative27

If only my ancestor’s family had held onto the Brooklyn farm, we’d be doing just fine these days. (1659) to present.


39 posted on 06/23/2016 3:17:00 PM PDT by BatGuano (You don't think I'd go into combat with loose change in my pocket, do ya?)
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To: Grampa Dave

California property will be much cheaper after the next big earthquake.

Florida property will be much cheaper after the next big hurricane.

Patience, the rich folks got just as much patience as money.


40 posted on 06/23/2016 3:37:51 PM PDT by Brian Griffin
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