GON
$150 Site Donor 2025
My Wife and I will "retire" from my current job in 2024. I will be 60. I plan on working full time until I am 70. Our grandsons are in Denver, so we have been targeting areas within 500 miles of Denver, but not in the state of Colorado. We are willing to go out from Denver up to 900 miles, but under 500 miles is the preference.
We looked at Southwest Missouri for the past six months, and simply did not find anything that matched. We now turned to searching to the panhandle of Oklahoma and far North West Texas. These areas seem to have static to negative population trends, and no growing industries.
We (I) am in shock at the prices of homes. Unless one is in the energy business, not many employment opportunities to make 100k plus. Yet so many of the homes, with 20 percent down, will require 150k plus salary. Note I am talking about a solid home with updates or a home that is worth updating. We were hoping to buy a home with a nice bones (shell) for under 300k- my Wife will want the interior gutted and we likely will put 100k in the interior. The math of today's home prices in slow selling low growth areas is surprising. I understand the prices in Nashville, Raleigh, Phoenix, Austin, Dallas, etc because of strong population growth and employment opportunities. But I am still confused at the current asking prices for single family homes in places like southwest MO and the panhandle of OK.
How are residents of this area affording 500k plus for a home? Not sure if this is a bubble, or the new norm. Maybe inflation/ cost of materials will significantly rise the price of all homes in the USA, regardless of location?
Looks like the trailer from the Rockford Files might be in my future...
We looked at Southwest Missouri for the past six months, and simply did not find anything that matched. We now turned to searching to the panhandle of Oklahoma and far North West Texas. These areas seem to have static to negative population trends, and no growing industries.
We (I) am in shock at the prices of homes. Unless one is in the energy business, not many employment opportunities to make 100k plus. Yet so many of the homes, with 20 percent down, will require 150k plus salary. Note I am talking about a solid home with updates or a home that is worth updating. We were hoping to buy a home with a nice bones (shell) for under 300k- my Wife will want the interior gutted and we likely will put 100k in the interior. The math of today's home prices in slow selling low growth areas is surprising. I understand the prices in Nashville, Raleigh, Phoenix, Austin, Dallas, etc because of strong population growth and employment opportunities. But I am still confused at the current asking prices for single family homes in places like southwest MO and the panhandle of OK.
How are residents of this area affording 500k plus for a home? Not sure if this is a bubble, or the new norm. Maybe inflation/ cost of materials will significantly rise the price of all homes in the USA, regardless of location?
Looks like the trailer from the Rockford Files might be in my future...
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