Wednesday, March 19, 2008
Anyone living in our community knows that one of its many attractions is the value of its real estate market. Despite the burst of the mortgage bubble, the cost of a decent house in the major Orthodox communities of the New York / New Jersey area remains well out of reach for many young families. New York transplant communities in South Florida are not far behind. In LA and other big cities on the West Coast, things are even worse. Even in the growing Orthodox communities of the South and Midwest, housing prices don't compare to those of Memphis. We all know it - but now we have the data to prove it. According to Money Magazine and CNN.com, a study conducted by an organization called OnBoard asked real estate buyers in major metro areas across the country to determine how far their income gets them in their local real estate market. The city which they determined gets the most house for their money was none other than our own Memphis, TN. Have a look at the list and then pass it on to everyone you know who doesn't yet live in the most affordable housing market in America.
Posted by Rabbi Perl at 3/19/2008 05:32:00 PM