Now that’s a title I can get excited about. We all want to know where the most affordable markets are and Forbes is just the one to spell it out. Unfortunately, you might not be able to make a living in some of the markets. For example, one of the markets is the greater Detroit area. There’s a reason things are so cheap there: there are no jobs. Whole neighborhoods went up for sale when the automakers cut back on labor forces and the price of homes went in the dumper.
But there’s a bright side too. For example Greensborough, N.C. made the list. That’s a beautiful place and would make a great place to raise a family. This article is fun to read if you like the upbeat side of the news. Take a minute and click here for the full story.
I just stumbled upon this post about the most affordable housing markets. As a UK based person, I tend to think about my own Country for property and housing.
Now, I’m starting to think this is a bit blinkered because the so called credit crunch is creating opportunities in other countries. The fact is that UK properties are holding their values fairly well. Yes we have had some major issues - One of our top lenders “Northern Rock” got itself into all sorts of difficulties so much so that they had to be nationalized (how crazy is that)?
There is a shortage of land and property in the UK so prices might be a bit softer but there are not many bargains.
As mentioned by Allan, there are bargains to be had but in most cases the bargains tend to be in places with fewer jobs or fewer people.
Then I saw a program about New Zealand (looks fantastic) and not too expensive.
Any other thoughts?
Best wishes.
Steve