America's Most Overpriced Suburbs

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Discussion Overview

This thread explores participants' perspectives on the concept of overpriced suburbs in America, particularly in relation to their own living situations. Participants share their experiences of housing markets in various regions, including California, Virginia, and other states, while reflecting on the affordability and lifestyle associated with these areas.

Discussion Character

  • Anecdotal
  • Opinion-based

Main Points Raised

  • One participant, identifying as a consultant, expresses interest in the housing market across different states, particularly comparing experiences in Michigan.
  • Another participant notes that their suburb is not overpriced but rather overtaxed.
  • One participant shares their experience living in Fairfax County, mentioning the high costs associated with their mortgage.
  • A participant from Southern California describes the region's high cost of living as a trade-off for a desirable outdoor lifestyle.
  • Another participant highlights the stark contrast in housing prices between their small community and more expensive areas like California.
  • One participant discusses the impact of supply and demand on real estate prices, referencing Adam Smith's economic theory.
  • Several participants mention the challenges of moving frequently due to military obligations and the varying housing allowances provided in different states.
  • One participant reflects on the trend of Californians moving out of state for more affordable housing, sharing a personal story about their mother-in-law's relocation to Texas.
  • A participant from Orange County, CA, describes the allure of their region despite its high costs, emphasizing the lifestyle and proximity to various attractions.
  • Another participant echoes similar sentiments about living in California, expressing a strong attachment to the state and its lifestyle.

Areas of Agreement / Disagreement

Views differ on whether suburbs are overpriced, with some participants agreeing that high taxes contribute to the perception of overpricing, while others emphasize the desirability of living in certain areas despite the costs.

Contextual Notes

Participants share personal anecdotes and experiences related to housing markets in various regions, reflecting a range of perspectives on affordability and lifestyle choices.

Who May Find This Useful

Readers interested in personal experiences related to housing markets and living conditions in different parts of the United States may find this discussion insightful.

JAE
JAE
Messages
4,739
Just thought I'd start a "day of rest" post, you know, not work related. It was on my home page, and I find housing around the country quite interesting. I also like to see where you all live and wonder what it's like to live in places like CA, NY, NJ, WY, and AK among many other places because I've always lived in Michigan. (It is quite different on the east side of the state compared to the west and I have lived in both places.) Anyway, I'd love to hear about where you all live and what you think of the article and how it relates to you. Have a great Super Bowl Sunday. http://promo.realestate.yahoo.com/americas_most_overpriced_suburbs.html
 
I don't think our suburbs are overpriced, just overtaxed.
 
I'm living in one of them-- I live in Fairfax County, which is where Alexandria is (mentioned in the article). It is atrocious, and we try not to think about it when we're writing the mortgage payment check every month.
 
I live in Southern California... it has always been expensive and will always be expensive. You pay for the 365 day outdoor friendly lifestyle. I am a stay at home mom and we own a home. It can be done. The cities they mention in the article are all really close to the beach, so of course they are expensive!
 
I live in pretty small community for being one our states biggest cities! The houses here can be really reasonable. I'm shocked to watch some of those house shows on HGTV. Some 2 bedroom 1 bath home that would go here for $75,000 are worth $500,000 in places like California! Glad I don't live out there.
 
Adam Smith's "Invisible hand" at work.The trouble with real estate is that they're not making much of it anymore, so it's all supply and demand.
 
  • Thread starter
  • #7
The_Kitchen_Guy said:
I don't think our suburbs are overpriced, just overtaxed.
Click to expand...
For sure! I agree with that.
 
We haven't bought a home yet due to us moving every 2-3 years so far (military), but I do know that the amount they would be giving us if we lived on the economy here would be almost 3 times as much as they were giving us in Oregon. But then again, we live in a remote town where it's 6-8 hours to the next big city....summer driving that is.
 
Yep, lots of people moving outta Cali here to buy a nicer home out of state. Trouble is, once they move out, they will most likely never afford to come back if they don't like it.

My MIL is a perfect example. She sold her house to move to Texas to care for her parents. She will have to retire there now. So now the pressure is on for us to move too. Not gonna happen. I love California too much.
 
I live in Orange County, CA - if you watch TV or have teenagers who watch TV, then you've heard of my county... let's see there was the show The O.C., Laguna Beach, Real Housewives of the OC, The Real O.C., and probably a few others that I haven't watched. Life is sure expensive here and it's true we do live off of credit, but the sun shines almost everyday, and we are extrememly close to the happiest place on earth ~ Disneyland.

I've visited 24 of our 50 states and even lived in south wisconsin for 4 whole months, only to drive back here as soon as the snow plow cleared the road from the rural house that I lived in, we are talking less than 315 people in Viroqua, WI.

There's no place like home, and although some people gawk at our outlandish lifestyles and extremely overpriced everything, I wouldn't trade any of it.

Where else could you live 10 mins from the beach, 2 hours from another country (baja california - mexico), 45 mins from the snow, and 2 hours form the desert and about 4 hours from wine country? Only in Southern California. Going to other areas of the US is nice for vacations to "get away from it all", but let me tell you after 2 weeks of relaxation and slower pace of life. I am so ready to come home, clean my house and get back into the swing of things. Even though full speed is the only speed of life here.

my 0.02 cents.
 
allisonserna said:
I live in Orange County, CA - if you watch TV or have teenagers who watch TV, then you've heard of my county... let's see there was the show The O.C., Laguna Beach, Real Housewives of the OC, The Real O.C., and probably a few others that I haven't watched. Life is sure expensive here and it's true we do live off of credit, but the sun shines almost everyday, and we are extrememly close to the happiest place on earth ~ Disneyland.

I've visited 24 of our 50 states and even lived in south wisconsin for 4 whole months, only to drive back here as soon as the snow plow cleared the road from the rural house that I lived in, we are talking less than 315 people in Viroqua, WI.

There's no place like home, and although some people gawk at our outlandish lifestyles and extremely overpriced everything, I wouldn't trade any of it.

Where else could you live 10 mins from the beach, 2 hours from another country (baja california - mexico), 45 mins from the snow, and 2 hours form the desert and about 4 hours from wine country? Only in Southern California. Going to other areas of the US is nice for vacations to "get away from it all", but let me tell you after 2 weeks of relaxation and slower pace of life. I am so ready to come home, clean my house and get back into the swing of things. Even though full speed is the only speed of life here.

my 0.02 cents.
Click to expand...


This totally sums it up for me! My Dh was born and raised in Costa Mesa and I was in San Bernadino County. We are now on the Central coast and have no plans on leaving. We like living on the central coast a bit more b/c of less traffic, smog (although not too bad in CM) and crime is a bit lower. So true about the variety of climates here. I took a California history class in college and it was so fascinating! I felt like I was training for a category on Jepordey the whole time. LOL!

Okay end hi-jack! (Go Cali!):D
 

Frequently Asked Questions

What are some examples of America's most overpriced suburbs?

Some examples of America's most overpriced suburbs include places like Palo Alto in California, Scarsdale in New York, and Weston in Florida. These areas are known for their high real estate prices, often driven by factors such as proximity to major cities, excellent school districts, and desirable amenities.

What factors contribute to the high prices in these suburbs?

Several factors contribute to the high prices in these suburbs, including limited housing supply, high demand from affluent buyers, strong local economies, and desirable community features such as parks, shopping, and top-rated schools. Additionally, some suburbs are located near major employment centers, which further drives up property values.

How do these overpriced suburbs affect local residents?

The high cost of living in these suburbs can create challenges for local residents, including affordability issues for housing, increased property taxes, and a higher cost of everyday goods and services. This can lead to a socioeconomic divide, where only wealthier individuals can afford to live in these areas, pushing out lower-income families.

Are there any benefits to living in these overpriced suburbs?

Yes, there are several benefits to living in these overpriced suburbs, including access to high-quality schools, low crime rates, well-maintained public spaces, and a strong sense of community. Additionally, residents may enjoy a higher standard of living, with access to better healthcare, recreational facilities, and cultural amenities.

What should potential homebuyers consider when looking at these suburbs?

Potential homebuyers should consider their budget, long-term financial goals, and lifestyle preferences when looking at these suburbs. It's important to evaluate the overall cost of living, including property taxes and insurance, as well as the potential for property value appreciation. Buyers should also research the community's amenities, school quality, and commute times to ensure the area meets their needs.

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