I think that as we head into a "labor long depression", folks will be more & more interested in inexpensive locales. Indeed, I think that the combination of offsite labor (not at the cost of onsite labor in expensive locales) and the general oversupply of white-collar labor will make a lot of folks think that moving someplace expensive only to get laid-off and try to quickly find a replacement job (i.e., so as to make the rent/mortgage) is just not a good deal, and that a place that is inexpensive can at least be afforded during the bad times. I myself did a Chapter 7 bankruptcy during the Great Recession, and bought an unbelievably inexpensive home for $40K in anticipation of the bankruptcy. Having to only need a few hundred $ a month for a place to stay (i.e., insurance, utilities, etc.) is extraordinarily nice. Throw in driving around a beater like my "vintage" 175K mile VW where comp/collision is unneeded makes it even cheaper! Even with my $150/mo beer budget and preference for USDA Choice top-loin steaks, I can live on $1K per month (and of course get FREE Medicaid as well).
thank you Jackie my minimum requirements: near a creek or lake or river, trees. low congestion and crime .Somewhere good to eat. not totally frozen or baked. Lots of possibilities. I watched the whole thing.. Ok Kentucky lol
Cheap real estate is one thing. Livability, economic opportunity, weather, and crime are some of the other factors to consider.
Kentucky, Alabama and Mississippi are on my list.
I think that as we head into a "labor long depression", folks will be more & more interested in inexpensive locales. Indeed, I think that the combination of offsite labor (not at the cost of onsite labor in expensive locales) and the general oversupply of white-collar labor will make a lot of folks think that moving someplace expensive only to get laid-off and try to quickly find a replacement job (i.e., so as to make the rent/mortgage) is just not a good deal, and that a place that is inexpensive can at least be afforded during the bad times.
I myself did a Chapter 7 bankruptcy during the Great Recession, and bought an unbelievably inexpensive home for $40K in anticipation of the bankruptcy. Having to only need a few hundred $ a month for a place to stay (i.e., insurance, utilities, etc.) is extraordinarily nice. Throw in driving around a beater like my "vintage" 175K mile VW where comp/collision is unneeded makes it even cheaper! Even with my $150/mo beer budget and preference for USDA Choice top-loin steaks, I can live on $1K per month (and of course get FREE Medicaid as well).
Cheap for a reason.
Alabama is the only state I would consider on this list, but in Baldwin County.
Thanks for sharing this valuable information! It's exciting to explore the affordable housing options in these states. 🏠💸
thank you Jackie my minimum requirements: near a creek or lake or river, trees. low congestion and crime .Somewhere good to eat. not totally frozen or baked. Lots of possibilities. I watched the whole thing.. Ok Kentucky lol
Huntsville Alabama is booming, maybe that's why it's called rocket city. 😂 The downtown is being developed & looking nice.
Huntsville is called rocket city because of NASA school of aeronautics
This list is HORRIBLE!!!!!!!!
Thanks for watching!
I guess we know how to avoid you from now on.