The Most Expensive U.S. Cities to Buy

[Corey Dutton]

What are the most expensive U.S. Cities to buy a home? You may be fooled by the answer. Close your eyes real quick and ask yourself, ‘What are the most expensive cities in the U.S.A to live?’

This list is based on the highest price per square foot for homes. I’m sure you may guess several of them but will you guess all? Here are the top 5:

1. San Fran
2. Hawaii
3. Washington D.C.
4. San Jose, CA
5. Jersey City, NJ

I was surprised to see New York, NY was No. 7 on a list of ten.
For real estate investors doing flips or rentals, this is a tough market to be involved in. Larger size deals are always riskier because more capital is on the line.

Source of List of Most Expensive Cities to Buy: http://247wallst.com/2012/04/17/the-ten-most-and-least-affordable-cities-to-buy-a-home/5/