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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's not nearly as expensive everywhere else. Lots of mid-sized cities that are way more affordable, especially in places that people on this board would call flyover country. Those places are safe, have good schools, and don't have nightmare commutes if you have to live far from your job. Broaden your horizons -- there's more to the world than the DMV.[/quote]

Flyover country is in fact expensive for the people having the median job in those areas.  Those places don’t have much professional work, so not sure your audience.

[b]The NYT did a whole piece about how Kalamazoo MI is now too expensive for people working the average job in that area.[/b]

Also, go search local press in places like SD and ND and the cost of housing is a big issue.

Your advice above I guess works for somebody that made a ton of $$$s in the DMV and now can semi-retire or something.[/quote]

FWIW, I'm from Kalamazoo and that article didn't ring true for me. I'm sure that the couple profiled in the article were telling the truth, but it didn't ring globally true at all. [/quote]

OK.  It was fairly well-researched and had many statistics about median home prices, median incomes and the surge in home prices over the last 5 years.

It's kind of silly to say the article didn't ring true for you unless you are in fact in the R/E statistics industry and understand at a granular level what is happening in the Kalamazoo R/E market.  Here are some quotes from the article:

Kalamazoo County’s home prices have risen around 40 percent since the pandemic, and rent prices even further.

For all its housing price inflation, Kalamazoo is still so much cheaper than other parts of the country that it was recently named one of America’s most affordable cities for professionals. A darker way of putting it is that Kalamazoo is the final stop in the housing crisis. And that’s the problem with being a place where people move to feel richer: Those who get priced out have no place left to go.

What has happened in Kalamazoo and elsewhere is that many of these older, cheaper units have either fallen into uninhabitable disrepair or been sold to investors who rehab them and raise the rents. Rehabs like that are necessary — even Ms. Tackett-Denney will tell you that her place was a dump — especially in Michigan, where close to half the housing stock was built before 1970. But because so little has been built since 2009, there is less “new” old housing to replace places that are naturally affordable, and the market pushes renters into much more expensive homes.

[b]The McGowens’ house is in White Cloud, a rural city of 1,500 about an hour north of Grand Rapids,[/b] where the few local businesses include a funeral home and a fireworks depot. There are no Starbucks or condominium towers. The housing crisis is here all the same.[/quote]

Kalamazoo is a very affordable place to live. The NYT focusing on the anecdote of this one family that seemed to have financial issues aside from finding a house was misleading. [/quote]

The point the article and the poster are making is that it's very affordable to people coming from elsewhere. It is not affordable to people who live there.

Also no one on this board who spends hours discussing the best exact zip code in McLean is moving to Kalamazoo. It's all downstream as people move to places like Austin and Nashville and Boise and then folks there get priced out and move to smaller cities to feel wealthy. Everyone wants to feel like a king and eventually you run out of places to go downstream.[/quote]

Well, I'm from there, as are the many many people I know -- none of the people I know there were "coming from elsewhere." [/quote]

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