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Originally Posted by csu87
This^
Its always crazy when we visit my family on the east coast in New York and Philly. Our house is a third what theyve paid, but 3 times the size.
Then we visit my family in Oklahoma, Texas and Florida and their houses are bigger and cheaper with more land.
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really, when you look at the reasons why this is the case, it's all about where the high paying jobs are. Plain and simple. People follow where the jobs are, real estate values then appreciate after that.
There are very few jobs out there where it'll pay consistently the same rate anywhere in the country. It's usually medical and tech related jobs, and even in tech, the rates take a material dip when you're outside of the Bay Area.
The next hottest real estate markets in the US are Austin, Seattle, Portland. If you live in those areas, better buy now.