Business Week offers a ranking of best and worst places to live according to housing costs.
They rank the best and worst by measuring if the median house price is affordable for the median income in that area. Unfortunately, we live in the highest cost, the NYC metro area. The median income can not afford the lowest cost house in our area. They are stuck having to buy co-ops in apartment buildings. I don't know about you but I like a backyard, space, and having my own house without worrying that I have a mortgage I can't afford.
http://finance.yahoo.com/real-estate/article/105683/Affordable-Housing-Exists,-If-You-Know-Where-to-Look
Wednesday, November 5, 2008
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