4 ms·

This is one of the many reasons that the Ambition (YC) team is in Chattanooga. I am from Tennessee myself. Chattanooga is a nice place. You can literally buy a

This is one of the many reasons that the Ambition (YC) team is in Chattanooga. I am from Tennessee myself. Chattanooga is a nice place. You can literally buy a home (http://bit.ly/1tvb9ta http://bit.ly/1tvb9ta) for what folks in SF send on rent for one year (~24k). That being said I still choose to live in SF.

mathgladiator 12y ago
holy cow, that's a low cost of living. And, it is only 4 miles to a whole foods. If you look around that neighborhood more, you will see that many of the prices seem more typical for a city of that nature.
- odonnellryan 12y ago
  I see dozens under 100K.
withdavidli 12y ago
Correlation with median housing price and median income. That whole, what the market will bear thing. Hopefully working in SF a person is able to save more money, maybe enough to buy a house every year in Chattanooga =) I see people doing this a lot approaching retirement, they work in big cities and retire in cheaper states, even different countries.
krankin1 12y ago
Regarding that house, there are external factors justifying that price, such as being in a high crime area. You can get a house in Chattanooga you would actually want to live in for about 150k (still an extremely great price for a home). I lived there for about a year, it's a wonderful town but has a lot of areas that need improvement, specifically in public schools and crime prevention. It's a beautiful place and I would encourage all of you to visit it some time.
talmand 12y ago
That house is likely going to cost someone much more than 24k. Look at all the flags: for sale at 1/3 the estimated value, estimated mortgage is 1/10 the estimated rent value, 3 year listing, listing removed at least once, numerous price drops, no cooling, and 94 years old. That is what we call a fixer-upper with problems. Not saying it couldn't be fixed and could be a good home for the right person, but let's be realistic about the house.
- w4 12y ago
  Well, sure, but the mere fact that any real estate is available for such a pittance is incredible as compared to prices in traditional tech hubs (San Fran, Boston, NYC, etc).

mathgladiator 12y ago

holy cow, that's a low cost of living. And, it is only 4 miles to a whole foods. If you look around that neighborhood more, you will see that many of the prices seem more typical for a city of that nature.

odonnellryan 12y ago
I see dozens under 100K.

withdavidli 12y ago

Correlation with median housing price and median income. That whole, what the market will bear thing. Hopefully working in SF a person is able to save more money, maybe enough to buy a house every year in Chattanooga =) I see people doing this a lot approaching retirement, they work in big cities and retire in cheaper states, even different countries.

krankin1 12y ago

Regarding that house, there are external factors justifying that price, such as being in a high crime area. You can get a house in Chattanooga you would actually want to live in for about 150k (still an extremely great price for a home). I lived there for about a year, it's a wonderful town but has a lot of areas that need improvement, specifically in public schools and crime prevention. It's a beautiful place and I would encourage all of you to visit it some time.

talmand 12y ago

That house is likely going to cost someone much more than 24k. Look at all the flags: for sale at 1/3 the estimated value, estimated mortgage is 1/10 the estimated rent value, 3 year listing, listing removed at least once, numerous price drops, no cooling, and 94 years old. That is what we call a fixer-upper with problems. Not saying it couldn't be fixed and could be a good home for the right person, but let's be realistic about the house.

w4 12y ago
Well, sure, but the mere fact that any real estate is available for such a pittance is incredible as compared to prices in traditional tech hubs (San Fran, Boston, NYC, etc).