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Detroitrise
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Username: Detroitrise

Post Number: 3618
Registered: 09-2007
Posted on Wednesday, September 24, 2008 - 6:51 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Surprisingly, a brand new dense rowhome in Charlotte & San Jose is cheaper than the 50 year old prairie shacks in Detroit. We didn't even make the top 10 list.

http://www.forbes.com/2008/09/ 22/own-least-cities-forbeslife -cx_ls_0923realestateownleast_ slide_7.html?thisSpeed=15000
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Izzyindetroit
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Username: Izzyindetroit

Post Number: 93
Registered: 07-2008
Posted on Wednesday, September 24, 2008 - 9:25 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"To determine the country's least expensive places to own a home, we used data from the U.S. Census' Bureau's American Community Survey that states the median monthly home costs in the country's metropolitan statistical areas with a population over 65,000. Home costs include payment for mortgages, real estate taxes, various insurances, utilities, fuels, mobile home costs and condominium fees." - Forbes
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Rooms222
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Username: Rooms222

Post Number: 125
Registered: 04-2005
Posted on Wednesday, September 24, 2008 - 9:46 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I think the dataset is here:

http://factfinder.census.gov/s ervlet/GCTTable?_bm=y&-geo_id= &-ds_name=ACS_2007_1YR_G00_&-_ lang=en&-mt_name=ACS_2007_1YR_ G00_GCT2511_US35&-format=US-35 &-CONTEXT=gct

I think Forbes was wrong. #10 on their list is actually Cleveland TN.....($978). They put that in instead of Cleveland OH ($1363)..

Looking at this chart, they must have taken a list of say the top 50 or 100 metro areas and then ranked them, as there are many metro areas on the list that are cheaper than any of these (except maybe Cleveland TN, it really does have a low cost of living).....

Metro Detroit is almost $1500 when you combine The Warren-Farmington with the Detroit Livonia

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