Hello @Jordan Wisser,I agree with you regarding competition heating up if/when rates drop.

us that's very active investing at SPY and plain 2/1 SF in Ohio/Milwaukee/San Jose/Miami : we are still dancing on the street ....why ?

@Ryan Leary, is this a 2 bedroom condo in Miami?

You will likely have common area lighting (interior and exterior), perhaps heating and cooling too. 

Many properties in Macon lack central heat and air which I feel is a "must-have" amenity in GA.

I.e. if this property were located in Oakbrook/Centerville versus Miami Chapel/West Dayton, you will have a dramatic shift in price and operational ease.I would talk to brokers in the area.  

However, years of financial struggles and competition from major players like Walmart, Target, and Amazon contributed to its decline.Following the closure of the Hamptons location, Kmart will have just one downsized store in Miami, Florida.

Affordability is about 1:3So yeah on the surface it looks like a big difference, but there's a lot of things not controlled for in the stats- There were a crazy amount of houses built in the years just after the war, so housing stock was easy to come by everywhere;- Homes had nowhere near the kind of features they have now - 2 car garages, dishwashers, OTC microwaves, W/D hookups, high efficiency windows, central heat & air conditioning, etc - all those doodads and niceties drive up the cost of housing;- Fewer mortgages were 30 year, so homeowners had to pay (relatively) higher monthly payments;- Rentals were almost exclusively apartments, so there was more supply for buyers;ETCI think these things tend to be more stories that make for good press but aren't really that grounded in reality overall.

One example is a had a client renting and working in Miami but wanted to purchase a rental in Orlando near the parks.

 I bought my first house in 1987 and  5 years later I got a job transfer from Miami to Central Florida.