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58176588 No.58176588 [Reply] [Original]

What region of the USA is optimal for cost of home ownership? Considering finances ALONE, what place makes the most sense?

For this, don't consider any work you do on the property other than maintenance.
Considering property taxes (both city and state), property insurance, potential appreciation of the property, HOA, ability to rent out the unit, etc.
From my research I believe the following are GREAT deals:

>Evanston Wyoming
Wyoming has the absolute lowest property taxes in the country. However, the cost of maintaining a property and the insurance is going to be significantly higher due to terrible weather and strong winds.

Evanston in particular is 30 minutes away from Salt Lake City, so you beenfit from paying basically nothing yearly for home ownership and being near a major metropolitan area. Homes are very cheap in Evanston. You can find a large house for around $300k easily, and many are even lower than that.

>cheapest condo you can find in NYC
the more I look into this, I don't think its a terrible idea. The HOA fees are high but it's actually quite easy to find condos where the total monthly fees including the property taxes are less than what the unit rents out for on market rates.

And it's NYC, so you should be able to find a tenant for your unit within DAYS. You'd be retarded to leave it empty.
So basically, if you can afford the 50,000 down payment or whatever on a unit, you are immediately making some passive income with zero work.

>Eugene OR
I think Eugene Oregon makes a lot of sense right now. it's a quickly growing college town that is close to the ocean and close to Portland OR. property taxes in oregon are middle of the pack but insurance should be decently low due to low risk of natural disaster. Homes are still cheap here but I think in the next decade they will appreciate nicely, as Portland commuter cities similar to Eugene start to increase in population.

>> No.58176644

>Portland commuter cities
>Eugene
That's half the state away from Portland

>> No.58176653

>>58176644
OP is retarded, Evanston is also over an hour away from SLC.

>> No.58176681

>>58176644
>>58176653
then answer the fucking question instead of shitting on my ideas? I just got started looking

>> No.58176717

>>58176681
NYC? I am disappoint. Las Vegas isn't too bad. Property values are going up, people are moving to it. It's a lively city. What about Oklahoma City? You can get a nice McMansion there for cheap. Tax situation is not bad, cost of living is apparently very very low. It is windy though. Also hard on those with allergies.

>> No.58176771

>>58176588
If you go to wyoming just live in a trailer till you have money to build a house. The houses are generally shit. The cost of living is insanely low though. Evingston is a shithole and its closer to ogden than slc which is like a poorer less mormon slc. Evingston is basically a town for the few old bags that never left 100 years ago and a lot of people only there to save money. There's better places to live cheap. The weather also fucking sucks.

>> No.58176869
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58176869

>>58176681
It's a dumb question and you're a dumbfuck, everywhere is affordable if you aren't a filthy diseased poor

>> No.58177014

>>58176588
>And it's NYC, so you should be able to find a tenant for your unit within DAYS.

I'm pretty sure an HOA would restrict rent out units heavily to tenants. Probably with a wait list for occupants who will take years to clear out.

>> No.58177241
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58177241

>>58176588
>Evanston in particular is 30 minutes away from Salt Lake City
You actually made me check, anon. I assume you heard that 30 minutes figure from a real estate listing? EVERY realtor lies about travel times to everything near their listing. In this case it's about a 3x difference. Probably worse, considering that this estimate is taken at midnight, when traffic is light.

>> No.58177256
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58177256

>>58176588
Theres a reason stuff is cheap and everyone is moving south. People dont like shitty weather half of the year
Have fun living in the middle of nowhere and packed with snow and ice

>> No.58177324

>>58176771
>The weather also fucking sucks.

>> No.58177419

>>58176588
I know just the place. It's my hometown, but I'm not telling what it is because there's too many people here already.

>> No.58177627

>>58176588
Do americans really just leave bottles of plastic water in their bedrooms?

>> No.58177636

>>58176644
Portland fag here. It is indeed about a two hour drive from this shithole. Eugene is a beautiful little college town though.

>> No.58177645

>>58176588
Is this even a question? it's the whitest or most asian demographic
Draw them up on a dart board and throw anywhere

>> No.58177648

>>58177645
are you saying those regions are the cheapest or most expensive?

>> No.58177658

>>58177648
they're the safest and therefore more likely to grow over time as the country becomes more and more infested with poor browns so rich people need to move somewhere

>> No.58177690

>tfw almost bought in East TN in 2021 and missed out on an ez 2x in one of the best parts of the country