Portland outpaced last year's joint winners — San Francisco and New York, which lost out in part because of
their extremely high housing prices.
Not exact matches
At one extreme, some places with low
housing costs might appear to be very affordable, but incomes might also be much lower than elsewhere; at the other extreme, some places that appear to be
extremely expensive when looking at
prices, might be more manageable as a result of relatively
high wages and salaries.
So
housing affordability is very, very low, and the
housing prices are
extremely high.
Assuming somebody doesn't want to go that route, and assuming the
house is
priced properly, after you've done your market analysis or you've done comps, sort of the shorthand in the business, where do you usually... Do you have like a percentage below the asking
price that you usually tell a buyer to offer, or does it really depend much, much, more on what the market is like, this market, where we have a relatively
high demand, but
extremely low supply.
The problem is that San Diego
housing prices and the cost of living are
extremely high compared to other areas in the U.S.
Tenants may think the government is looking out for tenant interests, but if that was true there would be no pandemic
housing shortage, multiple offers, outrageous selling
prices,
extremely low vacancy rates,
high rental tenant property taxes and eight - year affordable
housing wait lists.
Canadian
housing markets have boomed in recent years with
extremely high levels of starts, sales and
price gains, but the report's authors say «the country's real estate markets have generally lacked the degree of speculation that dominated past boom - bust cycles and the excesses have been far less than those evident in the U.S.»
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