Poorest city in America. Where you can buy a starter home for $50,000.
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- One of the poorest cities in America is Charleston, West Virginia. The capital of West Virginia. Where houses routinely sell for less than $100,000, and even as low as $50,000.
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The reason that houses are so cheap in West Virginia is because the area is economically devastated from a downturn in the coal production industry. As a result, jobs and wages have stagnated.
The housing market in West Virginia is one of the most affordable in America. In this video I showed you a foreclosure which is listed for $85,000, to go along with a massive mansion that is only listed for $650,000.
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West Virginia was surprisingly beautiful. State has a lot of potential if a handful more people choose to move there.
Track data on the most affordable areas to live and buy a house in America on Reventure App. www.reventure.app
Make sure to check out the brand new "Salary to Afford a House" data point. In Charleston, WV, you only need to make $37k.
First
Coaltown like West Frankfort?
Buying 4 acres there in 2 weeks.
Yeah I was born here left in 80s came back when I retired
You’re in the poorer areas. The mansions are very nice.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Contemplate shifting your investments from real estate to other dependable options such as stocks, cryptocurrencies, or precious metals. Severe recessions present potential buying opportunities in the market, but it's essential to approach them cautiously due to the volatility that can provide short-term trading possibilities. While not offering financial advice, it could be prudent to consider investing, given that holding onto cash may not be ideal during this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.
Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
I've stuck with the popularly ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@@Dave_East thank you for putting this out, it has rekindled the fire to my goal... was able to spot Jessica after inputting her full name on the web, she seems highly professional with over a decades of experience.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Back in the day, when I purchased my first home to live-in; that was Charleston, West Virginia in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
@@williamDonaldson432 Impressive can you share more info?
I won't pretend to know everything, though. Her name is Annette Marie Holt but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
West Virginia is gorgeous in the apalachians. Plenty of nature, mountains, and trails
And meth addicts who will steal anything not bolted down.
Plenty of racist POOR people too… how do you get people to focus so much on hatred and evil and forget their BROKE??? Easy just vote republican… such a weird ironic phenomenon
If you drive about an hour northwest of Charleston you would see a new 3 billion dollar steel mill that is being built. It’s not all doom and gloom here in WV. We have the same issues as all the other 49 states. Just depends on the neighborhood.
The area in WV that borders Maryland where people work in the DMV is quite well off with high incomes and high housing prices. It’s quite incredible in WV you have this enclave of middle to upper class people and the rest of the state is poverty on steroids.
@@hossman201I’m glad you said this because Charlestown and Martinsburg have had a lot of growth over the past decade or so.
When will the new steel mill open?
@@hossman201 we had a hard time there. We were from out of the state and the natives there really aren’t happy when you come into their community and take a good paying job.
I spent some time in Charleston for work. It’s absolutely beautiful and overall the people are hard working and kind. Not a bad place to live if you can make a living.
Remote work would be awesome here. I couldn't convince my family to move from Canada tho.
Only places in Canada have comparable housing cost are very old and remote, and general cost of living is just high generally
From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family
I'm celebrating a $30k stock portfolio today. started this journey with 6k,I have invested on time and also with the right terms now.
Damn that's huge, how do you make that much weekly? I'm 37 and have been looking for ways to be successful, please how??
Oh, yeah. That was possible with the help of my Guru expert, Jenifer Spencer ❤❤❤❤❤❤
She's a licensed broker and successful entrepreneur from the state.
That's great!!. I don't know anything about investing and I intend to start. What are your strategies?
I was in Charleston 20 years ago and was impressed with how there wasn't any trash in the streets. Watching your video I can see that that is still true.
Is that Gregory Mannarino in the picture! That's hilarious!
@@missmartyjackson Yes it is. From a long time ago. I don't listen to him anymore.
Worked there a few weeks back in late 1980s agree it was a nice downtown area.
Nick, this is one of your best videos. Thank you for traveling to a less popular destination to show us around.
I wish Eastern Panhandle wasn't popular. There are way too many transplants anymore. It's tripled in population.
if you like to hunt, fish, go 4 wheeler riding, boating, hiking, anything outdoors, WV rocks. Beautiful state and cheap to live. If you have a job is the key. WV has some of the best SXS trails in the country, over 600 miles on the Hatfield and McCoy trail system.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I can't understand why many retirees choose to continue to live somewhere they can't afford. You are retired, you don't need to live near a job you don't need
When you retire, you kind of hope to move to a place near kids or to a place you’ve always dreamed of. That’s how we started out but nowadays just making ends meet is becoming the only thing that matters. Hopes & dreams are for the rich.
At a certain age, you don't want to be far from your family and community. You move more easily when you are young, and don't have any string attached.
I tried moving to a cheaper area, but I’d rather pay more and live by my family, so I’m moving back. What I can’t understand at all is leaving behind family and retiring in another country. I guess if I was super rich and could fly back every couple of weeks it might work.
Services and lifestyle. Some people like decent health care and exquisite dining.
Near kids
I forgot this wasn't a Peter Santenello video for a sec and expected you to go talk to those people by the train tracks and interview them about life in Charleston. lol 1:55
Lol love Peter!
There are no jobs there. It’s cheap for a reason.
True, but cost of living is dirt cheap
Then keep trying to entice remote workers and retirees to come live there. They will bring their overpaid salaries and social security checks from expensive states and create job opportunities for other West Virginians.
Want ads everywhere. WV offers money to move here.
There’s no jobs anywhere else practically lol
Lived here my whole left, never had a problem getting and keeping a good job
West Virginia has a $30,000 grant if you move there and work remotely , they also recently upgraded their internet connection.
"they also recently upgraded their internet connection.
"
Great, one Internet connection shared with the entire state.
Any information on how to apply or whom to contact regarding this grant opportunity?
@@benjaminott6498 You'd really not want to do it, they are probably trying to fulfill dead and dying coal towns where there is no economic growth or potential due to the lack of foot traffic. Trust me when I say this, if you ain't from here or don't got family in WV, it's really not a place to call home. Wv in it's entirety is played like a "boys club" and unless your surname got some swing to it, you ain't shit.
Wow. That's a nice deal.
@@destroya3303 I saw a video on it on yt recently
My parents both grew up in southern WV. If you work remote or work blue collar jobs it's a beautiful place to live!
McDowell County?
Humid. Bugs?
Healthcare a thing too ?
You have to go to South Hills to find homes worth buying. My parents just sold their home for around $430,000 in Charleston, only 3,300 sqft.
That looks like a nice area. That’s where the good schools are, too.
I lived in South Hills off of Huber Road. It is an average middle class place. Right now, the expansion is occurring outside of Charleston with several huge facilities being built further west. A lot of farmland is being bought up in the expectation it will be commercialized to suit the needs of those new facilities.
@@bonsaitreehouse5534 you are correct. Everyone wants outside of Charleston city limits. Like bigger cities, Charleston has been decimated by the democrat party.
I live on Walnut Rd as a kid. I could see the Kid Country Toys from my front yard.
@@ThatGuyz82 Nice! I grew up on Oakmont Rd!
Who in God's green earth needs 3300 of house.all of that sf to heat and cool and let's not forget the cleaning.
Nick, I enjoy these drive and explore videos deep in the the heart of America.
Great job.
Got a place in Hedgesville WV - its between Martinsburg and Berkeley Springs. Bought in 2022 for 250k and its now going for 297k. Its 90miles from DC. There is zero crime, decent schools.. My place is in a golf community. So many are fleeing the DMV that the places don't last
Did you see me wave earlier?
Yea the handle is sneaky value up there. And there is the train access straight to DC.
@@williammorgan7769 hey you!
@@entropicalbreeze7171 Def good value all around
The Woods
I’d go, Greenville SC is getting overwhelmed with wealthy northerners. I’m almost done with it. My first home in Greenville was $70,000 in 2007. That same home is over $500,000 now 😢. Only the rich or early buyers can make it here now.
West Virginia is gorgeous. It is a paradise for an outdoors person. For someone who doesn’t need a job (retirement etc) and loves fishing hunting exploring etc.... gorgeous. Trout!
Pro tip - WV requires all Auctioneers to be licensed Realtors. That means you can call the Realtor and make an offer before the auction date and they have to take the offer to the owner for consideration. You still have to pay the buyers premium though.
What’s the “buyers premium”?
@@darrenstettner5381 in an auction you pay 10% to the auction company if you win the auction.
Thanks for that info! Is that the case across the states?
@@darrenstettner5381 When a buyer gets (any)deal from auction sale, even an accepted offer passed to owner before auction begins, that buyer pays the auction house's percentage for conducting the auction sale.
My sister moved from the Seattle suburbs to Parkersburg, WV. The equity from selling her house was enough to buy a house, cash. Living a much more secure life now.
I lived there for 4 years in mid 80s. Used to love walking downtown from upper Market St. Wasn't a bad place back then not sure what it's like nowadays.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*
Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
I'm a bit perplexed seeing him mentioned here I also Didn't know he has been good to so many people too this is wonderful, i'm in my fifth trade with him and it has been super,
If you live in Charleston, West Virginia, you could leave your house at six in the morning, and be at the beach by noon. Virginia Beach is always six hours away.
A California TH-camr recently bought a home in West Virginia so her husband could stop working 3 jobs and spend more time with her and the kids 🏡
Just like Americans going overseas or to Mexico so they don't have to enslave their time on this planet, life is more than a house or any material garbage we can possess, housing isn't ours ever anyway, taxes are due every year and they come with increases
They probably came for the drugs.
@@mr.b6629what kinda of comment is that
@@moniquemyrie9012RIGHT!
@@moniquemyrie9012A typical stooopid one.
I follow a TH-camr who restores and flips houses in that area. They get some crazy deals on homes that need a lot of work. A very common issue is foundation / wall issues due to the hill sides and rather cheap building processes when new.
What is that TH-camr?
This is one of your best videos yet. It kept my full attention from beginning to end. Great visuals I couldn't look away
West Virginia is inexpensive is because of the same reasons why my hometown, Davenport, IA, is. The local job market is repressed with poor job prospects. If you're a remote worker, yah buying a home is a steal, but there isn't much more of a social life and activities outside of work. That's why many of us with the means left.
Yeah basically.
I wish it wasn’t true, but it is. I moved in 2021 to a small tourist town in the midwest. I’m moving back in a few months. Jobs are crappy, way too much poverty, even with all the tourism it’s just depressing.
No, the point is that we boomers who were born 1959-1964 are retiring in the next 3-4 years. Looking for cheaper places to live that are close to the family and West Virginia area to Harper's Ferry is cheap, affordable living! The Trend is the Appalachia, even though the locals don't like it. At least we aren't Gentrifying areas like Asheville SC, the Carolinas,Tennessee, and Kentucky. They are full now and cost prohibited! Even the locals can't afford to live where they grow up in these areas.🎉
@@katydid2877 I think every tourism town is like that to some extent.
@@susanrocksvold534 Cool story.
I went and checked out a McMansion in Charleston historical district last summer, almost pulled the trigger. Found the house on CheapHouses newsletter.
I did it. It’s awesome. Charleston is like a small town but we have a whole city to ourselves. No traffic. It’s fantastic if you wont miss being around millions of strangers.
How do I find this newsletter, please? Thank you
From $10K to $110K, that's the minimum range of profit return every week. I think it's not a bad one for me, now l have enough to pay bills and take
care of my family.
Damn that's huge. How do you make that
much ? l'm 37 and have been looking for
ways to be successful, please how??
What is it you do?
Oh, yeah. I was able to achieve that with the help of my coach /Mrs Sandra Maria Ferraguti❤️❤️❤️❤️❤️❤️
She's a licensed broker and successful
entrepreneur from the state.
Her top-notch guidance and expertise on
digital market changed the game for me.
My dream is to own property, lots of it. Where I don't see or hear my neighbors. People are getting ruder and ruder as time goes on. I just want some peace and quiet. I am tired of living on top of people, hearing their dogs bark all day, and listening to their loud music and racing cars. What would it be like to go outside and only hear the birds chirping, and the leaves rustling through the trees. I am tired of living next to people who want a different lifestyle than the one I want. I would like some choice in life for a change. This is almost impossible these days because the federal government has locked up most of our land in this naton. We are forced to live on top of each other. I am sick of it.
It's great! I went to college at a school that was integrated in to a downtown. When I started working, lived in a lux apartment in the city, but still had to deal with obnoxiousness. Moved out to a suburb, but the wrong neighbors moved in and ruined it. Now, I'm out in the country. My business is 30 minutes away, but I gladly commute. It's just like you say: I go out on my back deck, and don't hear traffic, loud music, etc. Maybe an occasional dog or rooster, far off in the distance, but mostly just birds or crickets. Love it!
Come check out WV. You might find you don’t even mind the people that much. My neighbors are all old. They are great. Zero drama. All respect and decency. If you aren’t into prestigious luxuries and don’t mind blue collar people then WV is a fantastic spot. You can get exactly what you’re looking for too. Total seclusion. WV is the last place that will fall to the zombie hordes.
I have that in WV. An incredible piece of property surrounded by forest land. Off grid.
You might still hear dogs barking tho 😂
Yea, nothing against dogs I have them. But As I've gotten older I am tired of neighbors dogs barking up a storm every time a twig hits the ground or I open my back door. Moving to country soon and will do a double definite check for no dogs within a mile!😅@@elyssethekraken4143
I've lived in California Florida Ohio Texas South Carolina. I absolutely love West Virginia and would move there in a heartbeat. I'm a mountain biker an a outdoorsman. There's no better place in this country then out on those Blue ridge rocks 💯 I also love all the good hearted people I meet in West Virginia 🇺🇸🇺🇲😁
I’m moving to Morgantown, WV is still very affordable 🙌🏾🙌🏾
I'm on the Eastern Panhandle and want to move there so bad!!! My husband and I took a little day trip there and it is so affordable. The only issue is my husband's field of work. I would love to sell our house and move there. I'm hoping something works out for us to make it happen.
Lived here my whole life (I’m 34). My overall experience has been good. I’ve never not had a good job. I have no plans of ever moving. But there are amazing parts of the state outside of Charleston
Kinda depressing. Cant really put my finger on it, but feels like a beautiful place where any sort of business and development just doesnt happen. Local govt really failing to attract industry.
Have the seen and heard the governor? A shining example of why they are where they are.
It's an opportunity! If everything was already booming, everything had already been upgraded, etc, then it would be an expensive metro.
If you can't afford to live in an expensive metro, then the fixer upper is your chance to get something for cheap, put in work, make it nice, and reap the gains.
@@JD-xo3xz honestly, I have not. The Governor needs to sell tax incentives to industry like Cars (Toyota), Tech (Intel/semiconductor) to tap underemployed labour market. The local schools and workforce could be trained by these industry partners. If WV is still waiting for the coal industry to come back... That doesn't seem wise, and it's time to move on to something else to put it nicely.
@@magicman47999 Absolutely. I moved to NW Florida in 2018 after living in MD for 30 years and would absolutely leave FL for WV if they got there shit together. It's the same mindset as down here (we don't need change, we like it as it is).
@@JD-xo3xz JJ is a greedy turd!
I’m tracking homes in South Hills, Charleston WV. Great neighborhood with some good restaurants located in the middle of South Hills. That is where the “mansion” is located. My daughter’s husband was born and raised there. They both have masters degrees, as well as many of their friends. They will never leave WV. There are some good airbnbs if you want to see how you would enjoy living there. Also, there are some great neighborhoods between Charleston and Huntington that are worth checking out too.
Nick, you gotta pay more attention to your driving. You drove through an intersection in a right turn only lane, and later you drive through a stop sign. Be careful out there.
Shut up Karen
There were like 10 cars total in the video. He was fine
here to second this. Recording while driving probably shouldn't happen, regardless of if there were "like 10 cars total".
The Top 5 poorest cities are.
1. Detroit
2. Cleveland
3. Flint MI
4.Jackson Ms
5. El Paso Tx
4 Cities with the highest percentage that live below the poverty level.
1. Philadelphia
2. Houston City
3. El Paso Tx
4. Boston City.
I'm not sure what you're using that has Charleston, Wv rated as # 1.
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of.
I'm celebrating a $60k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Do you invest with a professional broker? I'd appreciate it if you show me how to go about it.
Can't share much here, I take guidance from ‘Sophia E Haney’ a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Use her name to quickly conduct an internet search.
SHE’S MOSTLY ON TELEGRAMS APPS WITH HER NAME.
Come to Indiana and give us your aspect of the current housing market in a state that seems to be in limbo.
Depends on where you are in Indiana. Carmel, Westfield, Fishers, Noblesville and Whitestown are exploding. Some of the southern part of the state not so much
@@cb5516 I'm retired and living in Southern Indiana. I'm fine with things not exploding.
I’m in Indiana also .. it is like WV without the hills
@@bobconder3163 and the population keeps dropping in the tier 2 cities but the developers keep building government substadized rentals. I want to know who their building them for?
Never! Indiana is the armpit of America
Really appreciate this video. Please do more like this.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Would you mind providing details on the advisor who helped you?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Annette Christine Conte for the last five years or so, and her returns have been pretty much amazing.
I located her, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.
Detroit Michigan and Flint Michigan you can also get a house for less than $50,000 .
Remember in 2008 people were buying them on credit cards. 15.000.
no thats not true plus flint has polluted water dont move there
Those cities are rough full of hood rsts
The winters are brutal.
I moved from Washington State due to the crazy prices! The people here are great and I got way more house than I could get in Washington State. My salary was pretty comparable but I’m sure that isn’t for all jobs.
Yes, the overdoses are because Oxycontin first rolled out in WV, Maine, and Virginia I believe. Until you watch something like Dopesick on hulu, or God forbid have someone like me in your family who went through it, you won't understand how or why the drug situation is the way it is. Horrible the way big pharma profited, pulled out, and left DEEP traumatic scars in this region. Ive never even been there, and I know this bc of exlerience and educating myself. Great video! Love watching your stuff, dude
Yeah I live in WV an big pharma got the bleep sued out of them by WV won hundreds of millions of dollars
You mean like the way the black community was ravished by crack?
The moment you realize the number of kids that go missing at the border is 4 times higher than fentanyl deaths in the u.s. each year.
@@TheChicagoJunkie OxyContin was a planned genocide of white working class people perpetrated by the Sacklers(tiny hats) and the FDA.
Purdue and the Sacklers should get the Marie Antoinette treatment for all the suffering they have caused. Good luck brother
Nick - I just visited Wisconsin Rapids and the bartender at the golf club said that she was able to buy a house and a motorboat for water skiing. I wouldn’t want to live there. But I can see that the lower cost of living has its attraction to people. However, Starbucks prices there are 80% of what they are in Silicon Valley.
wisconsin is gorgeous but really only nice 3 months out of the year 😂
Dollar tree is not paying enough for ppl to buy a house!
Is W. Virgina the future of USA as outsourcing, globalization, AI, and open borders, and etc. continue to be be the standard?
This was an interesting change from your usual videos. 👍🏼 It looks like you filmed this a few months ago in early spring.
Where are the people? Proves you can’t have an economy without people.
if you see people milling around outside …. its a poor neighborhood ……. small towns &east coast town people do not mil around outside - unless you see them working in the yard - sitting on a porch - walking a dog - exercising outside
There watching nick on utube.
I remember when brand new houses were 150k in OKC metro. That was like 2-3 years ago.
Omg! I’ve been watching your channel since 2021.
When I was planning leaving California to West Virginia. I can’t believe you made out here lol!
You’re the man, keep rocking out buddy.
Great video. Could you also do one for Scranton, PA?
I was thinking the same thing about the Scranton/Wilkes-Barre area.
I like how you did more than just the basic local economic numbers and you talked about some of the statistics. Very useful. More content like this please!
Great video Nick. Since you are in that region check out Erie PA, Youngstown OH and Akron OH. I plan to move back up north from Florida when I retire. 💯💯✅✅
I just bought in Punxsutawney.
I believe Pennsylvania offers a tax break on retirement income.
Good vid, and fair. You showed the good and the bad, although you did linger in one of the worst parts of town for quite a while and miss the highlights. I grew up in the metro area, and it did me good. Very true about the economy. It's depressed. Gotten worse since I moved back out of state, but still hanging on. Despite the bad economy, the roads are still in better shape than most big cities. WV has always been poor, so they have practice and just keep on chugging along.
Many two story brick row homes with basements here in Baltimore, especially on the near east or west sides of town, 21223, 21213, 21206 and others sell for less than even $10,000, more in the $10-$25,000 price range. Same issues as Charleston-since 1954 about 600,000 locals left made up in part my in migration of people from Central America and those coming here taking jobs in the health care sectors. Recent data released by the State autopsy department puts overdose deaths here at 1,000 per year since 2016. Murder rates have dropped but are still one of the highest in the world at 57 per 100,000 population.
Moving to the rust belt makes sense if you have a good remote work job. I know computer programmers that have solid remote jobs. Plenty of cities are like this throughout the nation to pick from that are poor, but far less crime than the national average. To avoid crazy homeless, pick a town that is not where social services are located.
Not for long. AI is taking over their jobs.
Anyone in the tech industry better be prepared for AI. I think the gold rush of tech is coming to an end. If you lose that job, then you won't find a comparable paying one in West Virginia. That is something to consider before making a decision to move there. AI is going to take a lot of IT jobs in the near future. Probably engineering jobs and customer service jobs too. Anything that can be done at a desk with a computer. Be prepared for it. AI is advancing fast.
You should stop by Huntington, WV while you are there. Only one hour away. Keep going to the KY border on I-64 and you'll see the big refinery that is the economic center of the area. Marshall U. For Huntington.
There are many places like this in US if you don’t need a job. 50,000 in my Midwest town would buy two houses. (All houses here need work) But no jobs here.
Your right , i havent noticed him mention this yet
Property taxes are criminal in some areas.. my mom lives in Kansas, not a desirable place to live. Her property taxes are $6,000 a year.. she’s 80 years old and just has her social security..
Very beautiful state. BUT If you have a service business, like computer consulting graphic design, etc. You have to charge all of your clients (even out of state) the 6% Service Tax, which many refused to pay, so I had to absorb, which was thousands per year. There are a few businesses that are exempt, such as doctors, lawyers, barbers, hair stylists, nail techs, stock brokers, realtors, but ALL others charge service tax. Service tax on any labor like getting your car fixed, home repair, etc.. I was so mad about this I left the state.
WV is beautiful
I love that at 10:06, while talking about the declining population, you say "that's not a good sign" and right behind you is a sign saying 'Dead End'. Classic.
😂
HAHA I noted that too.
That’s crazy I live in the cheapest city in Canada prices of houses are triple even quadruple here! Time to sell my house and move!
I live near Charleston make almost 400k a year and it's great! But Charleston is kind of ghetto. If you're looking for a nice city West Virginia isn't it. Outdoors on the other hand are awesome
Charleston, WV cost of living is by far the best imo. As long as you have a decent job, great work ethic/money management and will to fight driving in snow every year then you're golden.
I live in Charleston WV. Your video is showing the West side which is known for its poverty and violence. Other parts of Charleston are much nicer.
I thought the same thing. West side is mostly rentals. Hud houses. The suburbs 15 to 20 miles outside of Charleston is small town America. Thats where the nice family homes, big yards and better schools are.
I'm going to assume that a certain demographic is larger in the west side?
Its beautiful there! I'll take a town like that over a big city any day! In my former life as a truck driver (retired now) i remember having a delivery in Nitro WV and going through town with a 53' trailer was challenging with the narrow roads and tight turns.
Great Video! I lived in WV for 22 years and Charleston does not compare to Northern West Virginia, which is not depressed, and is reasonable, but prices on par with other prosperous cities. Morgantown-Fairmont-Clarksburg is the big economic engine in the state, and has been for may years. House prices in that area are definitely much higher. Medical, scientific, Federal Government and West Virginia University, and several other things are making the area a powerhouse. Not much in the coal industry there anymore. I would love to move back to Morgantown, or Bridgeport, but Prices now are just too high.
It’s actually worse, people I live around make about 20k a year. Not many jobs pay 0k here any longer, and the state is pretty much a dumping ground. Plus drugs have destroyed our state.
Walkable, low traffic, affordable, small town
-It's the only sort of place I would consider living in.
The eastern panhandle of West Virginia used to be affordable until the area started growing and more houses go up. In 2020 you could get a town home for 150,000 to 175,00. Now in 2024 it's 260,000 and above.
I grew up in Appalachia. The cost of living seems low until you realize half the people there are below the poverty line. You'd need to work remote to take advantage of the cheap houses
One of my best friends moved to Cleveland Heights in the last few years.she paid 165k for a 4 bed 2 bath 1920 Craftsman. Gorgeous house.
I bought a new mansion in Kingwood Texas in 2006 at the height of the market for 325k with upgrades! The market is horrible now! 😢
Nucor is building two large steel plants in Mason County
That same house for 85,000 in San Diego is a million Dollars
I know a hamlet in Louisiana where a renovated 2-BR house can be bought for about $60K. That said, there is a smelly paper mill that can be hellish for any house if the wind is blowing just right.
I'm not sure I'd want a $50K house (or the neighborhood it's in), but I'll take "Houses for $200K," Alex, (just to see what that gets you). ;-)
-- BR
Could you please include Canada in your app? We're basically your 51st state. A lot of folks up here are in need of this useful app you've developed. Cheers
Winters are probably TREACHEROUS
with those hills.
2:14 Notice the winter coat in the middle of summer...
More than once I drove home trunk first. I grew up with wood heat. I now live in the deep south. Never going back.
passed thru there recently.........home of first Bob's Big Boy. I think the northern part of the state is probably doing better as they had the shale boom going for awhile there. didn't notice if the coal numbers ticked up during Trump's tenure. there is also a gas pipeline crossing the northern part of the state (MVP pipeline), completed but not turned on, which may spur some economic activity. back in the 40's and 50's Appalachia was important politically because of the number of coal miners and steel jobs.........now not so much
And this is why I moved to Florida from West Virginia, but my parents are still there, retired, and they own their home free and clear.
Great place to move if you work online... I heard Alabama is also growing because it's very cheap ;)
My ancestors come from Grundy and Prater Virginia. Populations
Another reason for the low rent and home prices that you missed is a lot of people are institutional poverty, welfare recipients.
And a huge portion of them are addicts.
@@OtisFlint A good portion not due to their own want, but because of fucked up corporations and the pill mill.
A generational type thing. It used to be moonshine
There are cities across the US with more affordable houses but usually always a catch. Job deserts that can’t attract talent, ghettos, very rural areas, small towns away from cities.
Where I live a starter fixer up home starts around one and a half million dollars. I'm about a 30 minute drive at 3:00am northeast of Toronto, Canada.
I’m 65 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
investors are extra cautious right now. They want to make sure they’re getting a good deal given how much mortgage payments have gone up, and when they don’t feel like they’re getting a good deal, they’re backing out, so definitely looking elsewhere is a necessity.
In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you're unsure if to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in ROI.
This is probably what I should do. Who is your advisor, please?
Iynne Marie Stella has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled.
I like the one at 11:27 with the broken down above ground pool in the front yard. You should do a West Baltimore drive through while you are out that way... You can buy houses for less than $5000 there.
Wow, I might have to consider WV.
I am curious what you would think of Louisville Kentucky or poorer parts of Indiana. My husband showed me abandon buildings downtown Louisville that are historic that has never been renovated. I think houses in Louisville metropolitan area / southern Indiana are only about 250,000 on the high end of the market. What surprised us was wages are extremely low in this area of the country. Dallas or texas the wages are a lot higher. We really need to do something about the job market and poverty in our country. Your video is good. You have to look at crime rate for these lower income cities. Good example is Louisville has a higher murder rate or violet crime rate. That is one of main reasons we are in southern Indiana. If you have too many homeless people walking around in a city you are not allowed to use a public bathroom even at a restaurant. Memphis Tennessee told us we couldn't order food and use the restrooms downtown because there were homeless people everywhere back in December. A lot of the jobs are moving to Texas. You would think because certain parts of the country is so cheap there would be companies moving too theses areas . We lived in Irving Texas for 4 years. I swear every headquarters major companies moved to Irving or Austin Texas . My husband works remote so we moved out of Texas. The west coast is very expensive. I am curious is there job growth on the west coast because we can't afford to live on the west coast anymore.
Chronic (Street) homelessness is function of drug addiction/mental illness rather than housing costs.
"It's probably not a great sign when the largest building in a city is the state lottery"
West Virginia is the best place ever ❤
Just looked at Green Bay, WI, a VERY nice place to live, with NO natural disaster problems at all, unless you live right on the river-possible flooding. Help wanted everywhere. Min pay is $15/hour for a starter fast food job. No private schools, so a good education is free for the kids.
We were just at the city-owned amusement park. Kiddie rides are 25cents. Adult rides are 50cents-1dollar. Tuesdays the kiddie rides are free. It is just across from the very large wildlife sanctuary, which is free.
2BR, 1BA apartment less than 1000 sq ft for under $1k/month. Larger 2BR, 1BA townhouse $1100/month. Nearby decent 3BR, 2BA for $1400/month. No traffic. No crime. No bad neighborhoods. Parks EVERYWHERE. When U drive out of town, more and more, and bigger and bigger parks. In Green Bay, a number of houses are available between $100k-$200k. The best state is Minnesota, but Green Bay, is similar to Minnesota, and I think, the best place to live in Wisconsin, overall.
No