Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Stock Market Bull Trap? January 22 Top Likely - 19th Jan 19
After the Crash, the Stock Market Made a V-shaped Recovery. What’s Next - 19th Jan 19
David Morgan: Expect Stagflation and Silver Outperformance in 2019 - 19th Jan 19
Why Brampton Manor Academy State School 41 Oxbridge Offers is Nothing to Celebrate! - 19th Jan 19
REMAIN Parliament Prepares to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 19th Jan 19
Gold Surges on Stock Selloff - 18th Jan 19
Crude Oil Price Will Find Strong Resistance Between $52~55 - 18th Jan 19
Stock Market’s Medium Term is No Longer Bullish. It is Now Mixed - 18th Jan 19
SPX and Gold; Pivotal Points at Hand - 18th Jan 19
Fable Media Launches New GoWin Online Casino Affiliate Site in UK - 18th Jan 19
The End of Apple! - 18th Jan 19
Debt, Division, Dysfunction, and the March to National Bankruptcy - 18th Jan 19
Creating the Best Office Space - 18th Jan 19
S&P 500 at Resistance Level, Downward Correction Ahead? - 17th Jan 19
Mauldin: My 2019 Economic Outlook - 17th Jan 19
Macro Could Weaken After US Government Shutdown. What This Means for Stocks - 17th Jan 19
US Stock Market Indexes Reaches Fibonacci Target Zone – Where to Next? - 17th Jan 19
How 2018 Was For The UK Casino Industry - 17th Jan 19
Gold Price – US$700 Or US$7000? - 16th Jan 19
Commodities Are the Right Story for 2019 - 16th Jan 19
Bitcoin Price Wavers - 15th Jan 19
History Shows That “Disruptor Stocks” Will Make You the Most Money in a Bear Market - 15th Jan 19
What Will the Stock Market Do Around Earnings Season - 15th Jan 19
2018-2019 Pop Goes The Debt Bubble - 15th Jan 19
Are Global Stock Markets About To Rally 10 Percent? - 15th Jan 19
Here's something to make you money in 2019 - 15th Jan 19
Theresa May to Lose by Over 200 Votes as Remain MP's Plot Subverting Brexit - 15th Jan 19
Europe is Burning - 14th Jan 19
S&P 500 Bounces Off 2,600, Downward Reversal? - 14th Jan 19
Gold A Rally or a Bull Market? - 14th Jan 19
Gold Stocks, Dollar and Oil Cycle Moves to Profit from in 2019 - 14th Jan 19
How To Profit From The Death Of Las Vegas - 14th Jan 19
Real Reason for Land Rover Crisis is Poor Quality of Build - 14th Jan 19
Stock Market Looking Toppy! - 13th Jan 19
Liquidity, Money Supply, and Insolvency - 13th Jan 19
Top Ten Trends Lead to Gold Price - 13th Jan 19
Silver: A Long Term Perspective - 13th Jan 19
Trump's Impeachment? Watch the Stock Market - 12th Jan 19
Big Silver Move Foreshadowed as Industrial Panic Looms - 12th Jan 19
Gold GDXJ Upside Bests GDX - 12th Jan 19
Devastating Investment Losses Are Coming: What Is Your Advisor Doing About It? - 12th Jan 19
Things to do Before Choosing the Right Credit Card - 12th Jan 19
Japanese Yen Outlook In 2019 - 11th Jan 19
Yield curve suggests that US Recession is near: Trading Setups - 11th Jan 19
How Unrealistic Return Assumptions Are Ruining Your Stocks Portfolio - 10th Jan 19
What’s Next for the US Dollar, Gold, Stocks & Bonds? - 10th Jan 19
America's New Africa Strategy - 10th Jan 19
Gold Mine Production by Country - 10th Jan 19
Gold, Stocks and the Flattening Yield Curve - 10th Jan 19
Silver Price Trend Forecast Target for 2019 - 10th Jan 19

Market Oracle FREE Newsletter

Bitcoin Analysis and Trend Forecast 2019

America Where to Live, Most Desirable Best US Cities

Housing-Market / US Housing Aug 04, 2018 - 12:21 PM GMT

By: Harry_Dent

Housing-Market

There was an update to the rankings of the most desirable cities to live in the U.S. by U.S. News & World Report.

Colorado Springs sprung into first place for the first time. I’ve been there, and can understand why they picked the place.

It’s beautiful, at the foot of dramatic mountains (Pike’s Peak), close to the glorious Broadmoor Resort, and only one hour from one of the most attractive larger cities, Denver, which comes in at number 10 on the list.


I’ve broken these into two tables so you can read the key stats.

And I rank them in the order that U.S. News & World Report did, not according to affordability.

Do I advise buying in any of these places near the top of the second great real estate bubble since 2000?

No.

Though there are a few possible attractive deals.

But if you’re moving and must buy, there are places that are more affordable and have lower risk than others…

More importantly, the best and most overvalued cities – like San Francisco – will tend to be the better buys when this inevitable second (and final) bubble crash sets in. That’s very likely to begin within the next year.

The original ranking was for the top 25. But I found the top 20 to be inclusive enough of the best places.

There are great things about all of these places, and they all deserve to be on this list. At a point, it becomes a matter of personal preference.

The most affordable – in order of median price to median income valuations – are Myrtle Beach (visit there every year with my family) at 4.0 times, New Orleans at 4.2, Port St. Lucie at 4.4, Phoenix at 5.0, and Nashville, Fort Myers, and Colorado Springs at 5.2.

Austin comes in at 5.5.

Phoenix is a standout for a large city (fifth largest in the country).

While Austin does this for medium-size city, and Myrtle Beach for a small city.

For big city people, New York is the place at 6.1 times, just not in Manhattan.

San Francisco is the worst at a whopping 11.4 times, followed by L.A. at 9.9. They have the highest state income taxes in the country.

Boston and Seattle are also more reasonable large cities at 6.2 and 6.6, respectively.

Chicago is the third largest city, and the most affordable by far, but it doesn’t make this list due to quality of life. Outside of brutal cold, high winds, and heavy crime on the south side, it’s downtown and best suburbs are very attractive.

My choices – given my clear propensity for warmer climates – would be Austin, Charleston, Asheville, and Phoenix.

Sarasota, Florida, which is a high-end retirement community one hour from the Tampa airport, is another place of appeal to me.

Its median house price is $234,000 versus the median income of $42,000, or 6.3 times. They have a Whole Foods, Trader Joes, and a great gourmet food store.

That’s quite good for a city with only 265,000 people. Something you won’t find in Myrtle Beach.

Again, I stress that these are the places you want to buy in the long-term when the crash finally sets in. It could take several years to hit a bottom like the last crash, and prices are likely to crash more like 40% to 50% nationally compared to the 37% last time.

But some great deals could come in the first few years of it.

The more expensive cities like San Francisco, Los Angeles, and Honolulu will still be the most expensive. It’s just that they will drop more, and are likely to be better bargains in the long term…

But don’t expect price appreciation in the coming decades to be anything like it was from 2000-2018.

That’s not likely to ever happen again. At least, not in our lifetimes…

The continual increase of dyers is offsetting buyers, and will for decades to come.

So, buy real estate because you love the house and want to live in that place.

Buy to rent only if you can do so for sustainable and positive cash flow.

Otherwise, don’t buy real estate at all…

The time of buying any real estate to get rich is over!

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2018 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules