Kyle, RE: Honolulu condo prices. Two things to look out for: 1) high HOA, 2) leasehold, you are not buying property! You get the unit while the building exists, however as the land lease approaches expiration prices plummet. When the land lease expires you can be left with NOTHING but limited voting rights on the future of the land, maybe a small payout.
Yes, and moreover Honolulu really isn't a great place to live in Hawaii, compared with Maui (where prices are much higher for condos and single family homes -- most of which cannot be used for short-term rentals)!
That's common here in Florida as well, especially retirement communities. They practically give away the condo/house itself because the HOA fee is over $1000 a month.
The same thing applies for suspiciously cheap apartments in Manhattan. Most condos for sale are coops so you are not buying real estate but rather shares in the building's corporation. You have to really be careful in a land lease building where the building is on rented land.
EyeHike knows of what he speaks. I live in a leashold townhouse in Pearlridge and the lease is up in five years. At that time the landowner (an individual who bought it as an investment instrument from Prudential) can increase it to whatever he pleases. It's $206 a month now, I expect he will triple it or worse. My family has had this place for 45 years and honestly, it's not really worth anything.
The cost of living is insane. I'm glad I bought in No. Colorado 10 years ago. The house I paid $170, 000 is now worth well over $425,000. I'm only paying $400 a month, but a new purchaser would have to pay about $2400 a month P.I.T.I. Rent for a comparable property would be at least $2100/mo. Housing costs have increased 4x, while wages have remained stagnant. I really do not see how young people make it.
It’s seriously crazy. Rents in city are as much as a mortgage payment. With housing prices out of reach for so many people. The American dream is slipping out of reach
You can get a home in Flint for under $30K. It’s the most miserable city in Michigan. At least, Gary has a short commute to Chicago though. Also, there’s Lake Michigan beaches there.
As someone who has lived less than 2 hours from Gary most of my life. I am scared to consider there as well. I hear its improving, but it is just so broken.
@@carstarsarstenstesenn The jobs thing doesn't seem like it should be a big issue though. In reality it shares in the job market of the entire Chicago metro, not just Gary. Many Chicago commuters travel from much farther suburbs.
@@arhome9773 Indeed it does, though you can look a bit more north in the Blythewood area and there are a lot more nicer neighborhoods with houses that are not insane in cost.
The Median housing sale price in the US is $376,000 lol I would love to pay anything close to that. Near Seattle where I live the median is like $800,000
I'm 23 and am both baffled and really discouraged by the housing market. I don't really have a desire to buy a house and settle down any time soon, but it sucks that it's not even an option for me anymore
There are tons of affordable options still outside of trendy metros that you probably don't want to live in anyway. Don't let the Great Resetters turn you into another renter.
Bro I'm 23 as well and I feel the same. Graduating from grad school in a year and most likely getting married within 2. Being said this housing market is getting me discouraged as well not looking forward to moving out the family house, lol
My plan is to buy land and build me a cargo trailer small home. Then build a large shed big enough for a car, washer and dryer, fridge, bathroom and a spare bedroom. Owning land is a better asset than throwing away money for rent. If everything fails. Litteraly tow your home to your parents and sell the land. The American dream of buying or building a house before age 25 is gone.
Bought a house outside SF in 2016 for $825,000. Was wondering at the time whether we had bought at the peak. Five years later houses in our neighborhood are selling for $1.4 million. Just not nearly enough housing being built to keep up with demand.
Property taxes are absolute killer- here in PA, I can get an affordable 400k house in one school district and just a few dozen miles away in another, I can't afford that same house because of property taxes. I'd love a video discussing differences in how states use townships and counties and school districts- the ultimate in nerdy!
@@BillDotree Big Deal !!! Does your Singular Accomplishment Validate for YOU that the American Dream is NOT Flushing Down The Toilet for MILLIONS of Other Americans ??? You sound just like a Typical Arrogant Self Entitled American to me !!! But don't worry, pal, because the Total Collapse of The American Economy just around the corner will even Flatten Wise Guys Like YOU !!!
Dear Kyle: It REALLY Blows My Mind to see that median price of a house at $367 K !!! In 1950, when my parents bought our Family Home in Springfield, Massachusetts they paid just $7,500. And this was a HUGE Old Fashion New England House that had So Many Rooms that our Family of Four had whole rooms that we NEVER Used, yet led a rather "spacious life" as well. My kid sister and I even had a 2nd story bedroom to ourselves as a Playroom. It had a Full Size walk in Pantry, a Full Basement, and a Big Front Porch too. The Sad Part about it, my friend, is that these astronomical price increases never had to happen. They are primarily rooted in Financial Speculation which serves ONLY to Make the Rich even Richer !!!
Dear Kyle: As you were surveying current house prices across America, it occurred to me how "elastic" the popular definition of the word "house" really is. That is, geographically, not All "houses" were created Equal. For instance, in some parts of the US, "house" includes a Full Basement, where in other places it Does NOT. in some parts of the US, "house" includes sturdy siding made of wood or aluminum, where in other places it means cheap stucco siding that could never survive even one Northern winter. "House" can also include hidden costs and inconveniences. For instance, in the Dallas Metroplex area the ground strangely shifts so much that there is a whole cottage industry devoted to jacking up houses and replacing the cracked concrete foundation underneath, and at great cost to the homeowner. And the definition of "house" in Hawaii includes enduring Island Fever. In fact, there are SO Many migrants to Hawaii who can't even endure one year on an isolated island, that I'm told that you must be able to document a solid year of residency before anyone will even give you a decent job. Does that give you a Clue about why prices are so relatively low in a Supposed Paradise like Hawaii ??? The point is that a person who relocates across America without doing some research on how "house" is even defined where he is going may encounter a Rude Awakening, sooner or later. I can tell you that was the case for me, when I relocated from Massachusetts to California in 1969. ("What !!! Houses with NO Basements ??? How is that Even Possible ???")
1950s was a long time ago. A very rough rule of thumb is that property values tend to double about every 10 years. That could be doubling in 5 and flatlining for 5, but.. But there are components of value increase (appreciation) plus inflation in there. Anyway 2020-1950 is 70 years. 7500 x 2^7. So.. if the general rule is right. A home purchase of $7500 should be worth about a million in 2020, and home prices generally have gone up a lot since 2020, which short term is often more erratic. Also means that a house purchase for about $750,000 in 2020 is probably going to be worth about $100M in another 70 years (2090). Which seems absolutely insane. But if true, expensive now, is still a good investment. Time will tell if that insane price change can continue though.
@@JosephKulik2016 WEATHER, as Geo King wells point out in one of his vids on the once-"Golden" State. My #2 son had a nice home near Clinton, IA, where he worked as an engineer for ADM at the local corn-processing plant. Didn't cost him all that much, I think he paid $122K for it in 2015. The place was modest, and needed some fixing up, though the siding and windows were modern, and the house had an addition (it was originally built in 1964) on the back, making a nice "great room", with what was once the "living room" now a decent dining room. The previous owners even left a rather nice, massive dining table, which he in turn left for the next owner when he sold the place in 2019 at a nice profit (I helped him move to a new job in Nevada). He had a basement, mostly unused, there'd been some wood paneling put up, and an old bar, it'd been someone's "Man Cave" back then. Iowa's a decent place to live, and groceries are relatively inexpensive in the "land of meat, potatoes, and corn." But you have to get used to those WINTERS. I visited him in late 2017, right after XMas, and stayed until a few days past New Year's. Sheesh. It was a major effort just walking to the local Casey's (where, since he's single, he lived out of, and their takeout pizza was decent and reasonably priced!) in -5 F weather! "Phun" was going to Davenport, about 25 miles away, and hoping we didn't slide out on the ice, to watch Episode VIII of Star Wars (a major disappointment, BTW), but we made a trip of it, as I recall, to Menard's to get some molding, as we installed it and a few pre-hung doors, since the only fishing we'd do would be ice-fishing, and we're not gluttons for punishment!
I must say I was surprised to see Sioux Falls SD in your list! As a homeowner here I thought the prices were high due to low inventory and a growing population, but it goes to show that it is all relative when accounting for places like Boise Idaho. In fact, we were recently awarded the #1 most affordable city as well as #1 best city for young professionals. If you can find a house here, I'd highly recommend it.
2:08 "It's going for 680, but it was going for 700 a month ago." I'd say the reason it's going for 680 is because it *wasn't going* for 700 a month ago. :^)
I own a 1300 Sq foot house in Southern Poconos in PA ( 30 minutes north of allentown), anyways oil for heating, has a basement, attic, and as well a second floor with 1.5 baths. I've only owned it for a year and it's already estimated to br worth $30K more than I bought it for.
I live in the Madison, Wisconsin area and houses are going for 50-60 thousand over asking price right now! When I bought my house 12 years ago we got it for 30 thousand UNDER the asking price!
Absolutely love and appreciate channel, Kyle. Idk if you take suggestions but Two places I’ve been really fascinated with lately are Ni’hau, Hawaii and Little Diomede, Alaska. Would love if you made a video about life in super remote places within the USA
Thx Kyle. Please consider an upcoming video on reasonable housing prices in California, Oregon, and Washington (maybe touch on the Olympic Rain Shadow).
I’m a real estate agent in Boston and those “cheap” houses are not great areas and they aren’t that accessible to the city by T . You’re not going to find anything but a condo for under a million and average condos are 600k
We are about to close on our first home in Richmond, VA. We got a great price for the area, $332,500. It would have been well under $300k a year or two though! We moved from Denver, priced out after living there my whole life. Also love that RVA is a little smaller and more laid-back feeling.
Thank goodness I bought my house in 2015. I feel bad for people looking today. One of the best ways to build wealth relies too much on luck, unfortunately. I wonder how much of this increase is corporations getting into the housing market.
The surge in prices seems like the perfect storm of a large generation finally being ready to get their first homes (millennials), low interest rates, low inventory nationwide coupled with high demand, a nationwide shifting of demographics as people move all over the place, corporate buyers and so on. It's a bizarre time. I kinda feel like if you weren't able to buy before 2019, you are screwed. The barrier to entry for first time buyers is more difficult than any other time I can remember.
This was a fun video to watch. Its sad how insane these home prices are atm. Best of luck to anyone having to go through the 2021/2022 experience where any house has multiple buyers trying to snatch up homes for 20k plus over asking
Loved this! Wondering if you could do a video on the high vs low property taxes by region and the reasons for same. For example, I live in a house in a suburb of Portland, Maine. The same house in a suburb of Burlington, Vermont would be 2-3X the property tax I pay, even though Portland and Burlington are very similar cities in almost all ways. Same with Glens Falls, NY where my brother lives - high property taxes that don't even include trash pickup! (My city includes it in my reasonable taxes of $3k/year). Thanks!
I’m surprised by the places you picked in Boston. You didn’t really pick “Boston“. Allston and Hyde Park are really low rent neighborhoods, along with South Boston. If you look at condos or houses really in Boston you look at the 2 to $3 million range. Or try Cambridge. Free standing houses here 3+million
I think a lot of property cost is you’re paying for the name of the state. Everyone goes “Heck no, I’m not moving to Alabama” without even looking, leaving Huntsville, an amazing city, incredibly undervalued. Same goes for other places like Biloxi, Fayetteville, Lafayette, Oklahoma City, and Columbia. Everyone immediately writes off the southeast without even looking what cities it has to offer, leaving amazing cities cheap down here.
I live near Charlotte, NC and it's a great place to live. Before we moved- one of my friends' parents had this idea that it was basically the Beverly Hillbillies down here without taking into account anything but stereotypes.
Bought a house in the Sacramento area in November. My neighbor just sold his house (my same floor plan) for $170,000 MORE than what we paid. It. Is. Insane.
These are property prices I just can dream of here in Germany... Even Seattle seems really decent. I thought it would be much worse... You should check out prices in Munich Germany.
I live in Honolulu and those condo prices are ok but where they get you is on the HOA those condos you showed actually have a HOA of around or over 1k a month.
Seattle is crazy. I live in one of the least desirable areas but, it’s changing quickly. My home over the past couple of months has been appreciating at $1600 a day. We zipped past $700k in January. Homes are almost always going for more than the asking price especially on the Eastside (of Lake Washington) where it is not uncommon for homes going for hundreds of thousands over asking price astonishing sellers.
In the Philadelphia suburbs, house costs have risen sharply in the last 10 years, as well as rent. There are new neighborhoods, townhouses, condos, and apartment buildings being built by the 1000's. Low end around here is $350,000 and upwards of $900,000 for "luxury townhomes". Many new apartments are over $2,000 per month. Then there are high end neighborhoods with new houses costing 1.8 to 4 million. It's part of the downside of living in a strong economic area.
I didn’t really understand the objectivity of this video. What did I take away and learn from this other than real estate prices in a slew of random locations? We were promised to learn about the correlation and change between hot real estate markets, and cold real estate markets and what was making them that way, but instead were told the exact prices of random markets (I don’t think you outlined any that were hot or cold other than Idaho’s being hot) with nothing to compare these values to
I'm sorry if the video didn't meet your expectations. I genuinely try to avoid anything click-bait. I talked about which markets were growing fast, the relative wages of those places to put the prices in perspective, and some of the types of jobs bringing people to that city. I was wrong to not mention whether each market was hot or cold and just falsely assumed viewers knew which markets were which and that the correlation was job growth. So that was dumb on my part.
Awesome work on this one, Kyle! :) Also there were some great deals there too. One that you showed in Carolina had a price tag of just 300,000 for a big house. Where I live that one would cost at least 5 or 6 times that much! Maybe I should move to the Carolinas one day (both North and South look neat)! :)
In Minnesota I bought a 5 bdrm 3ba 4000 sqft monster of a house that was fully Remodled in 2015 I bought it in 2018 it's beautiful for 199,000 and my yearly Salary is pretty legit.
This is a great video, Kyle! It’s pretty amazing how expensive some places are getting. Aside from your sanborn paddle in your background, I also share another thing in common with you from your background. I too lived near Columbia SC. My family spent 4 years in Florence SC. Amazing what you can buy in that area for the money. Not sure when you were in Columbia, but you may remember a hockey team called the peedee pride if you were in the area in the late 90’s early 2000’s. My dad worked for the team. Hence why were there. The team was originally in Knoxville TN (the Knoxville Cherokee), but got moved shortly after my dad joined the staff. Always loved our time in SC. Definitely a nice place to live. I always get a kick out of seeing the sc license plate, although living up in Minnesota since middle school, it’s rare to see one up here.
I was there from 1999-2004. I do remember the Pee Dee Pride. Columbia had the Inferno and we'd go to some games. Had a great time living there as well as meeting my wife.
A lot has taken place since you made this for some time the fastest growing city in Arizona over San Tan valley has been Buckeye in all home types. my own place i purchased in 2008 went from 114K when a year odi and it now in 2022 I have offers forever of $465000 in June 2022. it's since dropped a bit but this is a 4,129 sq ft SFH with 5 br activity room, 5.5 baths, office, full kitchen and dining and large great room. mature landscape with mature trees all! around. it's also on preserve foothills. as middle income family home, mine is very fairly price for the size and. area. there are good buys and fits if a buyer looks enough with patience.
This video would have been better if you showed us the property values of these houses over the recent years or what the houses sold for previously. Yes those houses in Arkansas are cheap in comparison to homes in SF, but what were they going for two years ago? Did that house being sold for $160k also sell for $125k in 2019?
Grand rapids is one of the most affordable when considering wages & quality of city. What your analysis does not include is house prices outside of the metro. The distribution of jobs in the grand rapids metro area is well distributed thus opening a greater reasonable travel distance to work. One can work in downtown GR while living on a 5 acre spread in country yet only being a 30 minute drive from work.
Wow. We bought our 5 bedroom 3 bath for less than $300,000 back in February 2020 and even today most 3+ bedrooms homes for sale are in between $250-850,000 depending on whether there's an influx of out of state home buyers or not.
The East Cobb area of suburban Atlanta has Georgia's top public schools. A coworker was looking to buy a house there and was recently outbid by an Asian customer from Seattle. The buyer paid for the nearly $1m house with cash.
23 and bought my first home this year mostly due to fear that I would not be able to afford entering the housing market when I'm older. It felt really bad forking 200k more then the seller did when they bought the place 5 years ago. But the fact is I didn't have a job, credit or income history at that point. The housing market is like any other market in the US, mainly good for those who get in early. I really wish the government would step in and do something to make housing more affordable for first time homebuyers.
Same thing in canada,although houses are being built left right and center. Million dollar houses almost all of them. It's impossible for young people to apply for a mortgage when all their money goes towards rent and now gas
@@J33363 Yep, as long as their is profit margin, they will go up. And profit margin exists as long as everyone is not in poverty and population growth is positive. So lots to look forward to... if you're an investor.
Keep in mind inflation will drive up wages along with prices. While the government does like to meddle in markets (including housing), if costs rise higher than people are willing to pay (or banks are willing to lend) then supply exceeds demand and prices necessarily fall. Inflation sucks. Buying real property now while you can borrow at super low rates is likely a better investment than the stock market.
@@derekisthematrix Buyers do not have pricing power in the US (or Canada) market. It is not about being willing to pay. You have no alternative unless you want to live a miserable life. Rental options are more expensive and greatly lower quality of life. There is no "cheaper" option than owning a house. There is no dirt cheap apartment you can move into. You have to have a place to live, so this is a captive market and pricing is purely on the supply side. Investors are realizing this market imbalance and moving into the housing market with all the free cash they got during the pandemic. They are buying up entire neighborhoods and putting them up for rent. They already own all the rental units so once they capture the housing market they will have cornered the markets and the sky is the limit on profit margins. The housing market is undergoing horizontal integration right now and soon you will have no option but to rent, so it is a buy now situation and this will only become more true as people start to realize what I am saying and get desperate. Wages will fail to keep pace with inflation, much less the housing market. This is because of market imbalances in the labor market between employers and workers as well.
Just bought a house and acreage for $250k in rural Ohio. The house's value hasn't gone up a whole lot, but the land value has doubled in the past several years. I'm sure the price will increase evermore.
First of all, I appreciate your efforts in presenting the information you do in these videos. Secondly, one new factor that we see concerning housing values, other than Covid, is the influence of political issues. People are fleeing blue areas for red as crime, taxes and other related factors cause residents to seek a better quality of life. I live in Arizona and have seen this for myself.
Enough with the politics. People are fleeing rural America and going to cities and suburbs for jobs. A quick look at a map of counties growing vs. declining makes it clear. Rural areas are dying while almost all of the economic opportunities are in cities.
@@GeographyKing I appreciate your concern for keeping politics out of discussions here, and I will certainly respect your wishes, but there is a clear trend in certain areas that indicate a change in population for the reasons I mentioned. This is also causing a change in Congressional seats and tax revenue.
You can't just make general statements about homes without more specifics that would justify these prices, i.e. bedrooms and baths, this is very important to understanding your point and argument
This is the comment I was looking for! 😂 (Former Brighton resident!) Dorchester also got a "nice" neighborhood nod here, but that's debatable too..... 🤷🏻♂️
I feel like you missed the rural market. I bought a house in Turtle Lake, ND for $10,000. But inflation arrived, so I sold it for $18,000. I now live in a different rural town, and my current house cost $50,000. Still pretty good compared to what is on the market here.
In Honolulu, those condo prices are most likely leasehold. That means you don’t own the land. When the lease expires you are left holding the bag on a worthless property unless you can afford to “buy the fee” as they say, which is usually mega bucks.
I bought a house in Tacoma WA in 2017 and sold it last year for considerably more than I originally paid. The couple that bought it went in 20k over asking and within five days of the initial listing. One of the few places in the west that seems to have avoided huge price jumps is Santa Fe. It was pretty expensive before the pandemic. However, the price increases have been gradual in comparison to where I ended up (Tucson). Not sure why Santa Fe hasn't had the crazy price surge as it's easily one of the nicest cities in NM.
relative to NM, it seems a lot of people here a lot of issues with housing. i live in the SE quadrant of albuquerque and pay near 1k a month for 500 square feet, no washer or dryer. its the cheapest and closest thing to work that i could find.
Another great video. It does sort of blow my mind what is considered "cheap" these days. I bought my current home in 2012 for under $50K (Midwest city of about 100K, in medium neighborhood). It isn't fancy, but probably more than tripled in value since then. I also bought an investment property in 2018 for around $100K closer to the big University here, and it has probably gone up in value close to 100%. I wanted to buy another investment property about 2020, but wasn't quick enough, and just saw prices shooting up, so delayed. I guess my assumption was wrong that sort of increase couldn't keep going up. But at some point it seems like things will have to break the other way. Eventually interest rates will need to go up too (if inflation goes up), which should diminish those needing a loan from paying such high prices. Inflation could also cause lots of people to no longer be able to afford the mortgage they got just a few years ago. Which could mean increased forecloses, etc. A lot of people also bought Airbnbs, which have been underperforming now for 2 solid years. If they did that based on an assumed profit margin, in time that will begin to hurt. I don't know, it is an interesting situation. I must admit I was a huge proponent of property as an investment for quite a while. But now, I feel less certain, largely based on these inflated prices. The HOAs are a controlling factor in condos everywhere. It is hard to consider the list price of any condo without recognizing the HOA. I have seen condos for sale for $1 before (not recently) because the HOA is more expensive than the property should be worth. Maybe Honolulu is notoriously bad at this.
I'm form a medium sized city in Texas, not ganna tell you cause no, but the average price paid here is about 180,000 and people are already complaining about the rise in prices. Same type of houses shown in this video btw not shacks in the middle of nowhere. I got 3 minutes in and fainted.
Now that I am old enough and stable enough to start looking for homes, I have quickly realized I am priced out in my local market for a decent home. Rent is barely affordable and good homes when factoring in property taxes here in upstate NY are too much. I have a good paying job as well. So, for this and many other reasons, chances are I'm leaving the state sometime soon to establish myself elsewhere. This is a situation many of us 25 to 35 year olds are facing.
Thank you for another interesting and informative video Kyle! I'm a realtor down in the Florida panhandle so if you ever have any questions, feel free to reach out
I live in Murfreesboro, TN. People get into bidding wars here, easily. I’ve seen houses priced around $175,000 that end up selling for $30-40,000 over the asking price. 🤯 Also, we paid $85,000 for a starter home 23 years ago, in the County, was out in the “country” in a little neighborhood. I’m almost certain we could possibly get $200,000 for it, now. Why don’t we sell? Houses are too expensive. If you’re already a homeowner, you sell high and buy high AND our house is paid off so we don’t want a mortgage. 🙅🏻♀️🤷🏻♀️ Hmm… Move from TN to SC? IDK I want to move West where the weather is better. Humidity and tornadoes both are too much for me.
These are all for sale and while they can reflect the market (as you're looking at whole markets) they may not be as good as looking at recent sales data.
Kyle, RE: Honolulu condo prices. Two things to look out for: 1) high HOA, 2) leasehold, you are not buying property! You get the unit while the building exists, however as the land lease approaches expiration prices plummet. When the land lease expires you can be left with NOTHING but limited voting rights on the future of the land, maybe a small payout.
Yes, and moreover Honolulu really isn't a great place to live in Hawaii, compared with Maui (where prices are much higher for condos and single family homes -- most of which cannot be used for short-term rentals)!
Thank you for the clarification. I thought some of those prices were suspiciously low. I'm going to pin this comment.
That's common here in Florida as well, especially retirement communities. They practically give away the condo/house itself because the HOA fee is over $1000 a month.
The same thing applies for suspiciously cheap apartments in Manhattan. Most condos for sale are coops so you are not buying real estate but rather shares in the building's corporation. You have to really be careful in a land lease building where the building is on rented land.
EyeHike knows of what he speaks. I live in a leashold townhouse in Pearlridge and the lease is up in five years. At that time the landowner (an individual who bought it as an investment instrument from Prudential) can increase it to whatever he pleases. It's $206 a month now, I expect he will triple it or worse. My family has had this place for 45 years and honestly, it's not really worth anything.
I think you and I quite frequently Google the exact same things. 😄
The cost of living is insane. I'm glad I bought in No. Colorado 10 years ago. The house I paid $170, 000 is now worth well over $425,000. I'm only paying $400 a month, but a new purchaser would have to pay about $2400 a month P.I.T.I. Rent for a comparable property would be at least $2100/mo. Housing costs have increased 4x, while wages have remained stagnant. I really do not see how young people make it.
We make it by living with our parents lol, or rent large houses with a bunch of friends. Surely not a fun way to live.
Young people don’t make it. At least without having 3 roommates or living with their parents
It’s seriously crazy. Rents in city are as much as a mortgage payment. With housing prices out of reach for so many people. The American dream is slipping out of reach
I’m not pushing my 18 year old son out the door. My husband and I don’t want to be empty nesters, yet. I am advising him to SAVE his paper!
I make it by being a truck driver and living in my truck 😆
The condo prices aren't taking HOA fees into account which can add several hundred dollars per month
Or even a thousand +
Coa not hoa
Still saving my nickels and dimes for a fixer-upper in northern Mississippi. I ain't brave enough for Gary, IN.
Gary isn't dangerous like it used to be, it just has no jobs. No economy. Even the gangs left to go make money elsewhere
You can get a home in Flint for under $30K. It’s the most miserable city in Michigan.
At least, Gary has a short commute to Chicago though. Also, there’s Lake Michigan beaches there.
Wow
SC houses seem so inexpensive
As someone who has lived less than 2 hours from Gary most of my life. I am scared to consider there as well. I hear its improving, but it is just so broken.
@@carstarsarstenstesenn The jobs thing doesn't seem like it should be a big issue though. In reality it shares in the job market of the entire Chicago metro, not just Gary. Many Chicago commuters travel from much farther suburbs.
Those cheap condos you found in Honolulu are all leasehold. The fee-simple type of condos would be a lot more expensive.
I am 21 living in ATL, I have been looking at Columbia more and more recently. This video just confirmed my thoughts on the area.
Greenville and Charleston are so much more expensive. Apparently Columbia has so pretty shady neighborhoods.
@@arhome9773 Indeed it does, though you can look a bit more north in the Blythewood area and there are a lot more nicer neighborhoods with houses that are not insane in cost.
@@ElseStand that’s super helpful! Thanks “
Yep, also in ATL and the housing prices are getting just absurd here. Absolutely moving soon
The Median housing sale price in the US is $376,000 lol I would love to pay anything close to that. Near Seattle where I live the median is like $800,000
I'm 23 and am both baffled and really discouraged by the housing market. I don't really have a desire to buy a house and settle down any time soon, but it sucks that it's not even an option for me anymore
There are tons of affordable options still outside of trendy metros that you probably don't want to live in anyway. Don't let the Great Resetters turn you into another renter.
@@samowen2286 This really isn't true.
23 is pretty young to own a home. Don't sweat it, just save as much as you can
Bro I'm 23 as well and I feel the same. Graduating from grad school in a year and most likely getting married within 2. Being said this housing market is getting me discouraged as well not looking forward to moving out the family house, lol
My plan is to buy land and build me a cargo trailer small home. Then build a large shed big enough for a car, washer and dryer, fridge, bathroom and a spare bedroom. Owning land is a better asset than throwing away money for rent. If everything fails. Litteraly tow your home to your parents and sell the land. The American dream of buying or building a house before age 25 is gone.
Bought a house outside SF in 2016 for $825,000. Was wondering at the time whether we had bought at the peak. Five years later houses in our neighborhood are selling for $1.4 million. Just not nearly enough housing being built to keep up with demand.
Think about how you would make out like a bandit if you relocated to a cheaper area
@Ryan Nguyen yup I’m aware, I was just thinking a completely different area
Nimbys are so toxic and literally oppose all new housing
There’s plenty of housing out there we just have this fucked up concept of viewing it as an investment rather than a right
I'm just gonna keep living in my van
Property taxes are absolute killer- here in PA, I can get an affordable 400k house in one school district and just a few dozen miles away in another, I can't afford that same house because of property taxes. I'd love a video discussing differences in how states use townships and counties and school districts- the ultimate in nerdy!
I feel so bad for the younger generations. The idea of buying a home feels like a fantasy. Wages and COL is just so out of whack
25 and just bought a duplex in Upstate NY!
@@BillDotree Big Deal !!! Does your Singular Accomplishment Validate for YOU that the American Dream is NOT Flushing Down The Toilet for MILLIONS of Other Americans ??? You sound just like a Typical Arrogant Self Entitled American to me !!! But don't worry, pal, because the Total Collapse of The American Economy just around the corner will even Flatten Wise Guys Like YOU !!!
But thank God we created so many billionaires with the stolen wages!
@@JosephKulik2016 cry 😂😂😂
Dear Kyle: It REALLY Blows My Mind to see that median price of a house at $367 K !!! In 1950, when my parents bought our Family Home in Springfield, Massachusetts they paid just $7,500. And this was a HUGE Old Fashion New England House that had So Many Rooms that our Family of Four had whole rooms that we NEVER Used, yet led a rather "spacious life" as well. My kid sister and I even had a 2nd story bedroom to ourselves as a Playroom. It had a Full Size walk in Pantry, a Full Basement, and a Big Front Porch too. The Sad Part about it, my friend, is that these astronomical price increases never had to happen. They are primarily rooted in Financial Speculation which serves ONLY to Make the Rich even Richer !!!
Dear Kyle: As you were surveying current house prices across America, it occurred to me how "elastic" the popular definition of the word "house" really is. That is, geographically, not All "houses" were created Equal. For instance, in some parts of the US, "house" includes a Full Basement, where in other places it Does NOT. in some parts of the US, "house" includes sturdy siding made of wood or aluminum, where in other places it means cheap stucco siding that could never survive even one Northern winter. "House" can also include hidden costs and inconveniences. For instance, in the Dallas Metroplex area the ground strangely shifts so much that there is a whole cottage industry devoted to jacking up houses and replacing the cracked concrete foundation underneath, and at great cost to the homeowner. And the definition of "house" in Hawaii includes enduring Island Fever. In fact, there are SO Many migrants to Hawaii who can't even endure one year on an isolated island, that I'm told that you must be able to document a solid year of residency before anyone will even give you a decent job. Does that give you a Clue about why prices are so relatively low in a Supposed Paradise like Hawaii ??? The point is that a person who relocates across America without doing some research on how "house" is even defined where he is going may encounter a Rude Awakening, sooner or later. I can tell you that was the case for me, when I relocated from Massachusetts to California in 1969. ("What !!! Houses with NO Basements ??? How is that Even Possible ???")
People make a lot more money now so you really need to adjust for income
1950s was a long time ago. A very rough rule of thumb is that property values tend to double about every 10 years. That could be doubling in 5 and flatlining for 5, but.. But there are components of value increase (appreciation) plus inflation in there. Anyway 2020-1950 is 70 years. 7500 x 2^7. So.. if the general rule is right. A home purchase of $7500 should be worth about a million in 2020, and home prices generally have gone up a lot since 2020, which short term is often more erratic. Also means that a house purchase for about $750,000 in 2020 is probably going to be worth about $100M in another 70 years (2090). Which seems absolutely insane. But if true, expensive now, is still a good investment. Time will tell if that insane price change can continue though.
@@JosephKulik2016 WEATHER, as Geo King wells point out in one of his vids on the once-"Golden" State. My #2 son had a nice home near Clinton, IA, where he worked as an engineer for ADM at the local corn-processing plant. Didn't cost him all that much, I think he paid $122K for it in 2015. The place was modest, and needed some fixing up, though the siding and windows were modern, and the house had an addition (it was originally built in 1964) on the back, making a nice "great room", with what was once the "living room" now a decent dining room. The previous owners even left a rather nice, massive dining table, which he in turn left for the next owner when he sold the place in 2019 at a nice profit (I helped him move to a new job in Nevada). He had a basement, mostly unused, there'd been some wood paneling put up, and an old bar, it'd been someone's "Man Cave" back then.
Iowa's a decent place to live, and groceries are relatively inexpensive in the "land of meat, potatoes, and corn." But you have to get used to those WINTERS. I visited him in late 2017, right after XMas, and stayed until a few days past New Year's. Sheesh. It was a major effort just walking to the local Casey's (where, since he's single, he lived out of, and their takeout pizza was decent and reasonably priced!) in -5 F weather! "Phun" was going to Davenport, about 25 miles away, and hoping we didn't slide out on the ice, to watch Episode VIII of Star Wars (a major disappointment, BTW), but we made a trip of it, as I recall, to Menard's to get some molding, as we installed it and a few pre-hung doors, since the only fishing we'd do would be ice-fishing, and we're not gluttons for punishment!
I must say I was surprised to see Sioux Falls SD in your list! As a homeowner here I thought the prices were high due to low inventory and a growing population, but it goes to show that it is all relative when accounting for places like Boise Idaho. In fact, we were recently awarded the #1 most affordable city as well as #1 best city for young professionals. If you can find a house here, I'd highly recommend it.
2:08 "It's going for 680, but it was going for 700 a month ago." I'd say the reason it's going for 680 is because it *wasn't going* for 700 a month ago. :^)
I own a 1300 Sq foot house in Southern Poconos in PA ( 30 minutes north of allentown), anyways oil for heating, has a basement, attic, and as well a second floor with 1.5 baths. I've only owned it for a year and it's already estimated to br worth $30K more than I bought it for.
Loved this! Please do more locations :)
I live in the Madison, Wisconsin area and houses are going for 50-60 thousand over asking price right now! When I bought my house 12 years ago we got it for 30 thousand UNDER the asking price!
Absolutely love and appreciate channel, Kyle. Idk if you take suggestions but Two places I’ve been really fascinated with lately are Ni’hau, Hawaii and Little Diomede, Alaska. Would love if you made a video about life in super remote places within the USA
Niʻihau is privately owned and you have to be invited, at least it used to be that way. I only know one person who has been there.
How many times have rent and house prices increased since 2000? And how many times has the wage for workers increased in the same time?
I love these types of vids! As a side note western New York is really affordable too
Thx Kyle. Please consider an upcoming video on reasonable housing prices in California, Oregon, and Washington (maybe touch on the Olympic Rain Shadow).
Keep up the great work! I always watch till the end of your videos!
Thank you!
I’m a real estate agent in Boston and those “cheap” houses are not great areas and they aren’t that accessible to the city by T . You’re not going to find anything but a condo for under a million and average condos are 600k
The PA Wilds region is very cheap to live. My 2bd ranch on 8 acres was 75k! Very low taxes too.
Canadas market is hell for a first time buyer
Tampa hottest real estate market for single family house and rents going through the roof. Craziness.
Wow, still way cheaper than Toronto.
We are about to close on our first home in Richmond, VA. We got a great price for the area, $332,500. It would have been well under $300k a year or two though! We moved from Denver, priced out after living there my whole life. Also love that RVA is a little smaller and more laid-back feeling.
Thank goodness I bought my house in 2015. I feel bad for people looking today. One of the best ways to build wealth relies too much on luck, unfortunately.
I wonder how much of this increase is corporations getting into the housing market.
The surge in prices seems like the perfect storm of a large generation finally being ready to get their first homes (millennials), low interest rates, low inventory nationwide coupled with high demand, a nationwide shifting of demographics as people move all over the place, corporate buyers and so on. It's a bizarre time. I kinda feel like if you weren't able to buy before 2019, you are screwed. The barrier to entry for first time buyers is more difficult than any other time I can remember.
Bought my house in 2019 and I felt like I overpaid at the time but I'm just grateful now to have gotten something before it all went coocoo bananas.
I bought my house in northeast Florida for $270K just 2.5 years ago. Now it's worth $409K.
Stumbled upon this, I am the listing agent on one of the Fayetteville homes! Thanks for the feature.
This was a fun video to watch. Its sad how insane these home prices are atm. Best of luck to anyone having to go through the 2021/2022 experience where any house has multiple buyers trying to snatch up homes for 20k plus over asking
Me and Mr. Beat were just having a conversation about this topic! Good timing!
Great housing marketing info!! Thank you!
The issue with honolulu thst you might not have considered is HOA fees which can be a $1,000+
Very timely. Thanks very much for posting this.
awesome video! would love more videos like this! :) Thank you!
Very informative video!
Sioux Falls and Grand Rapids homes most certainly have basements that may not be included in the square footage so even more of a value.
Be careful about those condos in Hawaii. While some of them may be dirt cheap, those HOA fees can easily range in the 1000's
Loved this! Wondering if you could do a video on the high vs low property taxes by region and the reasons for same. For example, I live in a house in a suburb of Portland, Maine. The same house in a suburb of Burlington, Vermont would be 2-3X the property tax I pay, even though Portland and Burlington are very similar cities in almost all ways. Same with Glens Falls, NY where my brother lives - high property taxes that don't even include trash pickup! (My city includes it in my reasonable taxes of $3k/year). Thanks!
I’m surprised by the places you picked in Boston. You didn’t really pick “Boston“. Allston and Hyde Park are really low rent neighborhoods, along with South Boston. If you look at condos or houses really in Boston you look at the 2 to $3 million range. Or try Cambridge. Free standing houses here 3+million
I was excited to see southwest style houses in the photo but disappointed a market like Santa Fe’s didn’t appear in the video
Santa Fe prices have gone way up. Locals are having a hard time finding what they want for an affordable price.
Las Cruces Rent and Homes have made considerable leaps in only the last 4 years alone.
I think a lot of property cost is you’re paying for the name of the state. Everyone goes “Heck no, I’m not moving to Alabama” without even looking, leaving Huntsville, an amazing city, incredibly undervalued.
Same goes for other places like Biloxi, Fayetteville, Lafayette, Oklahoma City, and Columbia. Everyone immediately writes off the southeast without even looking what cities it has to offer, leaving amazing cities cheap down here.
I live near Charlotte, NC and it's a great place to live. Before we moved- one of my friends' parents had this idea that it was basically the Beverly Hillbillies down here without taking into account anything but stereotypes.
Just like the SouthWEST, refrigeration has made the "South" livable.
Bought a house in the Sacramento area in November. My neighbor just sold his house (my same floor plan) for $170,000 MORE than what we paid.
It. Is. Insane.
Our house in Chattanooga has doubled in value in less than 5 years. Crazy.
@@GeographyKing that is! It took us about 10-12 years to do that in the 90s.
These are property prices I just can dream of here in Germany... Even Seattle seems really decent. I thought it would be much worse... You should check out prices in Munich Germany.
Thanks GK for keeping one area nearby a secret!
More videos like this! So informative
I live in Honolulu and those condo prices are ok but where they get you is on the HOA those condos you showed actually have a HOA of around or over 1k a month.
Seattle is crazy. I live in one of the least desirable areas but, it’s changing quickly. My home over the past couple of months has been appreciating at $1600 a day. We zipped past $700k in January. Homes are almost always going for more than the asking price especially on the Eastside (of Lake Washington) where it is not uncommon for homes going for hundreds of thousands over asking price astonishing sellers.
In the Philadelphia suburbs, house costs have risen sharply in the last 10 years, as well as rent.
There are new neighborhoods, townhouses, condos, and apartment buildings being built by the 1000's. Low end around here is $350,000 and upwards of $900,000 for "luxury townhomes". Many new apartments are over $2,000 per month.
Then there are high end neighborhoods with new houses costing 1.8 to 4 million.
It's part of the downside of living in a strong economic area.
I'm surprised that Austin wasn't on the list of fastest growing housing prices. I've seen prices more than double in the last 10 years.
kyle calling 6,000 in property taxes high when thats nothing in NJ just really hit home
True, but NJ has ridiculous property taxes. $6,000 is a lot in property taxes for most Americans. At least NJ has low income taxes.
I didn’t really understand the objectivity of this video. What did I take away and learn from this other than real estate prices in a slew of random locations? We were promised to learn about the correlation and change between hot real estate markets, and cold real estate markets and what was making them that way, but instead were told the exact prices of random markets (I don’t think you outlined any that were hot or cold other than Idaho’s being hot) with nothing to compare these values to
I'm sorry if the video didn't meet your expectations. I genuinely try to avoid anything click-bait. I talked about which markets were growing fast, the relative wages of those places to put the prices in perspective, and some of the types of jobs bringing people to that city. I was wrong to not mention whether each market was hot or cold and just falsely assumed viewers knew which markets were which and that the correlation was job growth. So that was dumb on my part.
How can the housing market be fixed? This is insane.
Awesome work on this one, Kyle! :) Also there were some great deals there too. One that you showed in Carolina had a price tag of just 300,000 for a big house. Where I live that one would cost at least 5 or 6 times that much! Maybe I should move to the Carolinas one day (both North and South look neat)! :)
In Minnesota I bought a 5 bdrm 3ba 4000 sqft monster of a house that was fully Remodled in 2015 I bought it in 2018 it's beautiful for 199,000 and my yearly Salary is pretty legit.
This is a great video, Kyle! It’s pretty amazing how expensive some places are getting. Aside from your sanborn paddle in your background, I also share another thing in common with you from your background. I too lived near Columbia SC. My family spent 4 years in Florence SC. Amazing what you can buy in that area for the money. Not sure when you were in Columbia, but you may remember a hockey team called the peedee pride if you were in the area in the late 90’s early 2000’s. My dad worked for the team. Hence why were there. The team was originally in Knoxville TN (the Knoxville Cherokee), but got moved shortly after my dad joined the staff. Always loved our time in SC. Definitely a nice place to live. I always get a kick out of seeing the sc license plate, although living up in Minnesota since middle school, it’s rare to see one up here.
I was there from 1999-2004. I do remember the Pee Dee Pride. Columbia had the Inferno and we'd go to some games. Had a great time living there as well as meeting my wife.
A lot has taken place since you made this for some time the fastest growing city in Arizona over San Tan valley has been Buckeye in all home types. my own place i purchased in 2008 went from 114K when a year odi and it now in 2022 I have offers forever of $465000 in June 2022. it's since dropped a bit but this is a 4,129 sq ft SFH with 5 br activity room, 5.5 baths, office, full kitchen and dining and large great room. mature landscape with mature trees all! around. it's also on preserve foothills. as middle income family home, mine is very fairly price for the size and. area. there are good buys and fits if a buyer looks enough with patience.
This video would have been better if you showed us the property values of these houses over the recent years or what the houses sold for previously. Yes those houses in Arkansas are cheap in comparison to homes in SF, but what were they going for two years ago? Did that house being sold for $160k also sell for $125k in 2019?
Grand rapids is one of the most affordable when considering wages & quality of city. What your analysis does not include is house prices outside of the metro. The distribution of jobs in the grand rapids metro area is well distributed thus opening a greater reasonable travel distance to work. One can work in downtown GR while living on a 5 acre spread in country yet only being a 30 minute drive from work.
Wow. We bought our 5 bedroom 3 bath for less than $300,000 back in February 2020 and even today most 3+ bedrooms homes for sale are in between $250-850,000 depending on whether there's an influx of out of state home buyers or not.
The East Cobb area of suburban Atlanta has Georgia's top public schools. A coworker was looking to buy a house there and was recently outbid by an Asian customer from Seattle. The buyer paid for the nearly $1m house with cash.
This was awesome
Home prices doing their best Marie Antoinette impression.
23 and bought my first home this year mostly due to fear that I would not be able to afford entering the housing market when I'm older. It felt really bad forking 200k more then the seller did when they bought the place 5 years ago. But the fact is I didn't have a job, credit or income history at that point. The housing market is like any other market in the US, mainly good for those who get in early. I really wish the government would step in and do something to make housing more affordable for first time homebuyers.
Same thing in canada,although houses are being built left right and center. Million dollar houses almost all of them. It's impossible for young people to apply for a mortgage when all their money goes towards rent and now gas
In US terms the average house price is $550000-600000 in NZ.
Surely prices can't keep getting higher, like who is actually going to be able to buy a home in a decade if this keeps up?
Investors will always be able to. Look at Canada now, average home price for all of Canada is $750k yet wages are lower than US on average.
@@J33363 Yep, as long as their is profit margin, they will go up. And profit margin exists as long as everyone is not in poverty and population growth is positive. So lots to look forward to... if you're an investor.
Keep in mind inflation will drive up wages along with prices. While the government does like to meddle in markets (including housing), if costs rise higher than people are willing to pay (or banks are willing to lend) then supply exceeds demand and prices necessarily fall. Inflation sucks. Buying real property now while you can borrow at super low rates is likely a better investment than the stock market.
@@derekisthematrix Buyers do not have pricing power in the US (or Canada) market. It is not about being willing to pay. You have no alternative unless you want to live a miserable life. Rental options are more expensive and greatly lower quality of life. There is no "cheaper" option than owning a house. There is no dirt cheap apartment you can move into. You have to have a place to live, so this is a captive market and pricing is purely on the supply side.
Investors are realizing this market imbalance and moving into the housing market with all the free cash they got during the pandemic. They are buying up entire neighborhoods and putting them up for rent. They already own all the rental units so once they capture the housing market they will have cornered the markets and the sky is the limit on profit margins. The housing market is undergoing horizontal integration right now and soon you will have no option but to rent, so it is a buy now situation and this will only become more true as people start to realize what I am saying and get desperate.
Wages will fail to keep pace with inflation, much less the housing market. This is because of market imbalances in the labor market between employers and workers as well.
Just bought a house and acreage for $250k in rural Ohio. The house's value hasn't gone up a whole lot, but the land value has doubled in the past several years. I'm sure the price will increase evermore.
Typical RE appreciated IS the land. AFAIK, save for the Netherlands, they don't make any MORE of it!
What are the housing prices in the NY metro area? I live in Northern NJ looking for a small home that is affordable.
You couldn't PAY me ENOUGH to live in Boston.
First of all, I appreciate your efforts in presenting the information you do in these videos. Secondly, one new factor that we see concerning housing values, other than Covid, is the influence of political issues. People are fleeing blue areas for red as crime, taxes and other related factors cause residents to seek a better quality of life. I live in Arizona and have seen this for myself.
Enough with the politics. People are fleeing rural America and going to cities and suburbs for jobs. A quick look at a map of counties growing vs. declining makes it clear. Rural areas are dying while almost all of the economic opportunities are in cities.
😂 Increasing crime and deteriorating quality of living were a couple of reasons we moved away from The East Valley (of Metro Phoenix)....
@@GeographyKing I appreciate your concern for keeping politics out of discussions here, and I will certainly respect your wishes, but there is a clear trend in certain areas that indicate a change in population for the reasons I mentioned. This is also causing a change in Congressional seats and tax revenue.
You can't just make general statements about homes without more specifics that would justify these prices, i.e. bedrooms and baths, this is very important to understanding your point and argument
Follow up with more cities, please!
Yeah. Also came to say that you got the Honolulu prices incorrect due to leasehold sales. And HOA.
Kyle you called Allston, MA a nice neighborhood hahahaha
This is the comment I was looking for! 😂 (Former Brighton resident!) Dorchester also got a "nice" neighborhood nod here, but that's debatable too..... 🤷🏻♂️
@@gus473 Yup 😂😂😂
I feel like you missed the rural market. I bought a house in Turtle Lake, ND for $10,000. But inflation arrived, so I sold it for $18,000. I now live in a different rural town, and my current house cost $50,000. Still pretty good compared to what is on the market here.
In Honolulu, those condo prices are most likely leasehold. That means you don’t own the land. When the lease expires you are left holding the bag on a worthless property unless you can afford to “buy the fee” as they say, which is usually mega bucks.
I bought a house in Tacoma WA in 2017 and sold it last year for considerably more than I originally paid. The couple that bought it went in 20k over asking and within five days of the initial listing.
One of the few places in the west that seems to have avoided huge price jumps is Santa Fe. It was pretty expensive before the pandemic. However, the price increases have been gradual in comparison to where I ended up (Tucson). Not sure why Santa Fe hasn't had the crazy price surge as it's easily one of the nicest cities in NM.
relative to NM, it seems a lot of people here a lot of issues with housing. i live in the SE quadrant of albuquerque and pay near 1k a month for 500 square feet, no washer or dryer. its the cheapest and closest thing to work that i could find.
Boston's Housing Stock and Housing Values are INSANE!
Please do a "best places to buy acres".
Hyde park and dorchester aren’t all that bad now
Another great video. It does sort of blow my mind what is considered "cheap" these days. I bought my current home in 2012 for under $50K (Midwest city of about 100K, in medium neighborhood). It isn't fancy, but probably more than tripled in value since then. I also bought an investment property in 2018 for around $100K closer to the big University here, and it has probably gone up in value close to 100%. I wanted to buy another investment property about 2020, but wasn't quick enough, and just saw prices shooting up, so delayed. I guess my assumption was wrong that sort of increase couldn't keep going up. But at some point it seems like things will have to break the other way. Eventually interest rates will need to go up too (if inflation goes up), which should diminish those needing a loan from paying such high prices. Inflation could also cause lots of people to no longer be able to afford the mortgage they got just a few years ago. Which could mean increased forecloses, etc. A lot of people also bought Airbnbs, which have been underperforming now for 2 solid years. If they did that based on an assumed profit margin, in time that will begin to hurt. I don't know, it is an interesting situation. I must admit I was a huge proponent of property as an investment for quite a while. But now, I feel less certain, largely based on these inflated prices.
The HOAs are a controlling factor in condos everywhere. It is hard to consider the list price of any condo without recognizing the HOA. I have seen condos for sale for $1 before (not recently) because the HOA is more expensive than the property should be worth. Maybe Honolulu is notoriously bad at this.
I'm form a medium sized city in Texas, not ganna tell you cause no, but the average price paid here is about 180,000 and people are already complaining about the rise in prices. Same type of houses shown in this video btw not shacks in the middle of nowhere. I got 3 minutes in and fainted.
Now that I am old enough and stable enough to start looking for homes, I have quickly realized I am priced out in my local market for a decent home. Rent is barely affordable and good homes when factoring in property taxes here in upstate NY are too much. I have a good paying job as well. So, for this and many other reasons, chances are I'm leaving the state sometime soon to establish myself elsewhere. This is a situation many of us 25 to 35 year olds are facing.
San Antonio has to be the cheapest big city in the US. Absolutely shocked whenever I do a deep dive into their market.
Thank you for another interesting and informative video Kyle! I'm a realtor down in the Florida panhandle so if you ever have any questions, feel free to reach out
That moment where you live a third of a mile from the house that’s “not in the best neighborhood.” (The 2nd one in Hyde Park) 🤣
You should have played some Donna Summer on the outro :-)
Do one for Canada
Idaho is the 8th poorest state with the 8th highest home values.
Exactly. The rich get Richer and the poor get poorer.
I live in Murfreesboro, TN. People get into bidding wars here, easily. I’ve seen houses priced around $175,000 that end up selling for $30-40,000 over the asking price. 🤯
Also, we paid $85,000 for a starter home 23 years ago, in the County, was out in the “country” in a little neighborhood. I’m almost certain we could possibly get $200,000 for it, now. Why don’t we sell? Houses are too expensive. If you’re already a homeowner, you sell high and buy high AND our house is paid off so we don’t want a mortgage. 🙅🏻♀️🤷🏻♀️
Hmm… Move from TN to SC? IDK I want to move West where the weather is better. Humidity and tornadoes both are too much for me.
Good luck. the west is getting expensive and fast.
@@darianmichel7323 Don’t I know it! No matter where, downtown or middle of nowhere, it’s expensive. I’ve been saying sell high, buy high, sell low, buy low.
Interesting!
These are all for sale and while they can reflect the market (as you're looking at whole markets) they may not be as good as looking at recent sales data.
My parents bought the average house we live in in the Seattle suburbs for way too much from a family who moved to Boise lmao
This is random but forest park in St. Louis is something you could mention in future videos. Free zoo as well as a free art and free history museum
So happy I live in Washington state.