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Updated almost 4 years ago on . Most recent reply

User Stats

138
Posts
126
Votes
Tommy Ray
  • Real Estate Consultant
  • San Antonio TX Canyon Lake TX Fort Walton Beach FL Cape Coral FL Clarksville TN Sumter SC and Lawton, OK
126
Votes |
138
Posts

Which markets are the least affordable markets

Tommy Ray
  • Real Estate Consultant
  • San Antonio TX Canyon Lake TX Fort Walton Beach FL Cape Coral FL Clarksville TN Sumter SC and Lawton, OK
Posted

I am of the opinion that the lease affordable markets in America are the larger markets like San Francisco, LA, NY, Honolulu and such...  Thus this markets should have the highest concentration of "thirsty" investors for affordable deals.  Do you agree, do you disagree, and why...?

  • Tommy Ray
  • Most Popular Reply

    User Stats

    340
    Posts
    122
    Votes
    Ray Danishyar
    • Flipper/Rehabber
    • New York, NY
    122
    Votes |
    340
    Posts
    Ray Danishyar
    • Flipper/Rehabber
    • New York, NY
    Replied

    I live in New York and finding distressed homeowners isn’t that hard though, they been in their homes for a long period of time, usually have low mortgage balances or non, are retiring and moving to Florida and usually the flips here are higher dollar amounts and when you sell it’s a market that prices don’t fluctuate up and down much giving it consistency. Texas for example has so much land and choices people have options not to mention when you do flip it’s a small margin hence all the new construction instead. My opinion though.

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