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20 May 2017, 05:05 AM | #1 |
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Here’s The Salary You Need To Afford A Home In 22 U.S. Cities
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20 May 2017, 05:07 AM | #2 |
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i read this. the problem is there are lots of areas in these cities that i wouldnt live in if you paid me.
that said the most smug cities are the most expensive. doesnt shock me.
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20 May 2017, 05:10 AM | #3 |
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Yup! Make the statistics even worse because the prices are much higher in the more desirable areas.
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21 May 2017, 12:40 AM | #4 | |
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One could make the point that better educated people flock to these cities and income is directly correlated to educational levels but that would sound smug, wouldn't it? |
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21 May 2017, 11:35 AM | #5 | |
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Check this out:http://www.king5.com/news/crime/tukw...city/207439003 |
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21 May 2017, 12:48 PM | #6 | |
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Quote:
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22 May 2017, 04:54 AM | #7 | |
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Assimilation into mainstream American culture/life is probably the biggest hurdle for most of these Somali and Ethiopian refugees to overcome as many arrived here via asylum from backwards/tribal societies beginning around 1993. The state of Minnesota is currently grappling with whether to further prosecute female genital mutilation as it is a cultural practice in countries such as Ethiopia and Somalia. While maintaining certain customs and courtesies of one's native background often serves to enrich our American cultural palette, a line has to be drawn somewhere especially when/if it conflicts with the existing laws of our country. The same goes for any individual who actively participates in 'honor killings' just because of a perceived affront to one's family. American jurisprudence should always override any questionable and dangerous cultural practices regardless of their origins. Just saying. |
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22 May 2017, 03:21 AM | #8 | |
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That was truly disturbing. Not exactly a high crime area per se but pretty scary stuff for me. Doubtful that it shows as dangerous on Safewise. |
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20 May 2017, 05:08 AM | #9 |
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Seems SF and NY are screwed...
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20 May 2017, 06:31 AM | #10 |
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20 May 2017, 05:09 AM | #11 |
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Kansas City, here I come!
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20 May 2017, 05:35 AM | #12 |
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92% in my home town...Nice!
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20 May 2017, 11:03 AM | #13 |
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20 May 2017, 05:35 AM | #14 |
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Sydney and melbourne are more expensive than all those cities except San Francisco. Housing affordability is a major issue down in Australia .
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20 May 2017, 05:55 AM | #15 |
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The 10% down payment factor is a somewhat insignificant/moot point in Silicon Valley as countless homebuyers from Asia (primarily China) are paying CASH for their homes. To them, $1-2 million upfront is a drop in the bucket.
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20 May 2017, 08:00 AM | #16 |
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That's happening down here too. $2M+ houses all cash and sell within days of listing from Asian buyers.
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20 May 2017, 06:15 AM | #17 |
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I wonder what % of the population has a watch collection worth more than their home.
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20 May 2017, 06:32 AM | #18 |
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So I think I can't buy one of the painted ladies.
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20 May 2017, 07:27 AM | #19 |
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Been to 13 of those cities.
I'd live in Las Vegas or Seattle quite happily...... |
20 May 2017, 08:01 AM | #20 |
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16% where I live :(
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20 May 2017, 08:20 AM | #21 |
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I bet Vancouver and Toronto would be 2nd and 4th on this list...
Canada is getting crazy. |
20 May 2017, 09:01 AM | #22 |
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Info already out of date. Our local news reports that Seattle (King and Pierce Counties) have a median home price of $770,000 and the east side (other side of Lake Washington) is $880,000. And heard last night Bellevue, WA - an eastside city - has topped $1M median price.
It's partly due to Vancouver, BC enacting a 15% foreign purchaser tax on all property purchases. Now those Asian buyers are looking south and, as noted by a couple of people already, dropping (parking/hiding?) cash and driving up prices in the area. |
20 May 2017, 10:59 AM | #23 | |
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For those old enough to recall the 1980s and the economic prowess of the Japan, Inc. business model, most of the businessmen and engineers from Japan usually returned to Japan following a 1-2 year period of employment at their stateside subsidiaries and corporations. This was always their prime objective and very few resettled in the United States. On the other hand, countless Chinese and East Indian professionals have opted to seek permanent residency in the mainland United States and Canada. I suspect that it may have something to do with less than desirable 'quality of life' issues in many (or most) parts of China and India. |
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20 May 2017, 02:35 PM | #24 | |
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It doesn't prevent sales, and applies to all foreigners equally, as I understand it. So exclusionary to all but Canadians, but not targeted at any particular groups. Except that it's primarily Asians buying up the properties, so you can put on the tin foil hat and say it's targeted at Asians, rather than housing prices, I suppose. |
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20 May 2017, 10:12 PM | #25 | |
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In my area (1950-60s predominantly 3 bedroom bungalows) the average price has risen from $1M to over $2M in the last three years. Hopefully the new taxes have an impact. We are a very tight knit community but that's slowly changing as the young families can no longer afford to buy here. I don't mind the new taxes if it means houses are bought by families who integrate into the community, even if it means the value of my house will drop a bit. |
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20 May 2017, 11:20 PM | #26 |
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Here’s The Salary You Need To Afford A Home In 22 U.S. Cities
Why would anyone want 22 houses That's just being greedy I manage to limp along with just 4 |
20 May 2017, 11:00 AM | #27 |
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That is why Multi-Family is so hot right now in many parts of the country
More people renting.....and MF will be the housing choice for Millenials by a large percentage.. The future is in compartmentiization and simplification of lifestyle. |
20 May 2017, 08:44 PM | #28 | |
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Housing prices are out of reach for so many. We are long overdue for a correction in our part of the world. Even with our stricter lending practices these prices are not sustainable IMO. |
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20 May 2017, 12:13 PM | #29 |
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Hong Kong is crazy as well
at the moment a 1 bedroom flat is around US$900,000-1m+ and this is perhaps 30 mins travel from central area |
20 May 2017, 03:34 PM | #30 |
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According to the attached reference, Sydney, Australia rates second as the most unaffordable housing in the world and Australia has the third most unaffordable housing in the World based on "average home prices and median income".
huffingtonpost.com.au/2017/01/23/sydney-has-the-second-most-unaffordable-housing-in-the-world/
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