- It goes without saying that the main reason for most of these towns having cheap housing is that the local economy is correspondingly in the doldrums as well. Flint, MI would be the poster-child for this concept.
- 5 years ago, you'd find a multitude of cities from Florida on this list. Now, nothing.
- Interesting that only TX and OK have towns on the list that are west of the Mississippi.
- With the aforementioned crappy economies in a lot of these towns, even at these prices, you could very well "catch a falling knife" and lose even more value over the coming years. But then again, as the saying goes, "When you're at the South Pole, you can go nowhere but up!"
Most Affordable Homes in the US
And by the way, where the hell is "Pharr, Texas"?
5 comments:
Pharr, TX is down in the Rio Grande Valley--orchards, truck farms, and Spanish as the primary language. Very unhealthy economy there.
I would imagine any place where it's more like Mexico than the US would be indeed, quite inexpensive.
I agree with Lizziebeth, the HBB is getting too big. I too scan for Florida info. Whats up with the FAR not releasing the August numbers, I would think that thier website would be the first to show them. Could it be THAT bad? I guess it takes time to "cook the books"....
I was told a week and half ago that it would be just a couple of days. Wow!
Great comments, all. Lizziebeth, I love those stories, and I will definitely use them in my next post.
There are definitely plenty of bubble-deniers, but you can be assured that they have a financial interest (either with their job or with their investments) that obviously dictates their position. However, the MSM (main stream media) has become aware of the situation, particularly here in Florida, where the income/price ratio has gotten so out of hand. This helps spread the word and has pretty much done the job of killing the irrational exhuberance that existed only 2 seasons ago. People are finally being cautious with their purchases.
As far as the FAR monthly report, they sent it out on the 23rd last month, so we've got a few more days before they report for August. Per usual, the numbers will be highly suspect, and we can all get a good laugh on the accompanying BS that they spew with it. Expect to see phrases like "market is leveling", "market soon to rebound", "great time to buy", and other verbal vomit that is simply untrue.
Lizziebeth, keep posting - I look for your posts to keep abreast of the Florida market. I am from Florida but have lived in Atlanta for a long time. I would live in Fla. but too expensive - does not make sense. Living is affordable and good in Atlanta. I enjoy your posts and learn from them.
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