4 ms·
Home prices around where I am (LCOL area in MI) are creeping up, but not to the absurd degree they are in actually desirable places to live. That said, anywhere
by Mezzie 5y ago
Home prices around where I am (LCOL area in MI) are creeping up, but not to the absurd degree they are in actually desirable places to live. That said, anywhere that's decent to live is getting slammed. For instance, sticking to MI, Grand Rapids and the Ann Arbor area are insane compared to where they were a few years ago.
The only reason there are any decently priced houses where I am is that a lot of them are over 100 years old and some of the school systems are so bad even our current asset bubble can't make families want to live there. (So no point in buying to rent out for twice the mortgage because no family is paying 2000/mo for a house in a school district with a math proficiency rate of 15%.)