So you want to move to the city.....OK....It’ll cost at least $1 million in these US cities for a "starter home"

[Rigby5]

That's a bunch of BS.

CA isn't landlocked.

Except for the coastline....CA has plenty of open space to live in.....but Democrats are making sure that most of it is unlivable by cutting off water supplies.

CA is way short of water and is stealing water from all the neighboring states.

 

[Rigby5]

What country do you live in that makes you think that SF and LA are the only communities in CA?

Have you ever driven thru CA, like I have?

To find cheaper homes or building site, you end up with a very long commute, if you have to work on site.

 

[Rigby5]

TX is one of the last states I'd move to. Nothing but deserts, and flat grasslands once you reach Dallas/Ft Worth.
San Antonio is pretty if you're in town, but the river basin is full of snakes, ants, and all kinds of critters.
We couldn't even sleep on the ground at Ft Sam Houston.

I'd much rather move to Idaho.

The climate, music, and food is better in Texas than Idaho.
But Idaho is pretty.

The cheapest place that still has good climate, food, music, etc., is New Mexico.

 

[mudwhistle]

The climate, music, and food is better in Texas than Idaho.
But Idaho is pretty.

The cheapest place that still has good climate, food, music, etc., is New Mexico.

I've been to New Mexico.

It sucks. There's a reason why it's the cheapest.

Nobody wants to live there.

 

[Woodznutz]

Actually that is not the way to do it.
Bank interest is so low that there is no point in putting money in the bank.

What you should do instead is by cheap property and rent it out, until it goes up enough in value so that you can afford a place you would be willing to live in.

I deposit my money in my bank checking account. When I have a few thousand dollars there I then transfer it to a higher yielding MM account. When my MM account is full enough I transfer it to a higher yielding CD or annuity. So, I just use my bank as a convenient transfer portal.

That said some banks do offer pretty good rates on their MM accounts. Mine is competitive but I've already committed to the online bank.

 

[sparky]

This is why i live among PWT

~S~

 

[Woodznutz]

Sure you can easily buy, because there is always some cheaper property for sale.
The fact you would not want to live in the first property you invest in, does not mean you should not buy it, because it will double in value in less than 10 years.

Lots of cheap homes in small cities and towns, if you want to live there, or drive there to manage a rental property.