Author Topic: The No. 1 most expensive state to buy a home in — it’s not New York or California  (Read 335 times)

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rangerrebew

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The No. 1 most expensive state to buy a home in — it’s not New York or California

Published: Aug 30, 2019 6:31 a.m. ET

A home in Massachusetts might be more expensive than one in California once all is said and done, thanks in part to a higher property tax rate.


By
Jacob
Passy

Prospective home buyers may want to steer clear of the Bay State if they don’t want their purchase to break the bank.

Massachusetts ranked as the most expensive state to buy a home in, according to a report from personal-finance website SmartAsset. The analysis assessed 48 states and Washington, D.C., based on the following metrics (Delaware and Louisiana were not included due to insufficient data):

    Effective property tax rate, based on U.S. Census Bureau data
    Median listing price and price per square foot, according to Zillow ZG, +0.44% 
    Median value for homes in the bottom third of the market
    Average closing costs, according to SmartAsset’s own closing cost calculator

https://www.marketwatch.com/story/the-no-1-most-expensive-state-to-buy-a-home-in-its-not-new-york-or-california-2019-08-29?mod=mw_theo_homepage

Offline PeteS in CA

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The reviled-for-decades-by-Dems-and-the-MSM Proposition 13 has kept California property taxes relatively low. But for that housing in California would have been unaffordable and many people would have been driven from their homes by taxes around 2 decades ago.

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« Last Edit: August 30, 2019, 06:15:57 pm by PeteS in CA »
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Offline jmyrlefuller

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Population density.

California, for all its population and Silicon Valley boomtown areas, has wide swaths of rural wasteland and dying towns. Same with New York. Massachusetts, on the other hand, is so small and densely populated that even the Berkshires are relatively expensive.
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Offline Fishrrman

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Central/Western Mass is beautiful, expensive -- and as leftist as it gets.

Offline mountaineer

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Central/Western Mass is beautiful, expensive -- and as leftist as it gets.
Conservatives are a rare - almost extinct - breed in Massachusetts.
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