Quote:
Originally Posted by goat314
When I saw Orlando ranked near St. Louis I knew this list was foolish. All my Florida friends are renters or have roommates. Most of the people I know in St. Louis have been homeowners since their 20s.
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Quote:
Originally Posted by Crawford
I don't get it.
Ann Arbor probably has the least purchasing power in MI. Incomes are low, home prices are high, housing stock limited, residents tend to be young and/or students and restaurants & services have inflated costs. It's probably the most "unaffordable" municipality in MI, going by typical metrics.
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Quote:
Originally Posted by The North One
Ann Arbor residents are mainly college students with no real income so this makes no sense.
Windsor being bottom doesn't make sense either, property values have gone up but its not that expensive and Windsor has a higher average income than New York City last I checked.
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Guys, the metric is after-tax disposable income, it doesn't say anything about housing.
If the average after-tax income in Orlando (no state income tax) is $70k and the average net income in St. Louis after Missouri taxes take their bite is $65k, then people have more purchasing power in Orlando, even if they're doomed to rent, while there are
near-free properties available in STL.