Where You Can Get "Affordable Housing"
The group, called the National Association of Home Builders, announced that Indianapolis, Indiana, is the most affordable place to live in the entire nation:
"In the nation’s most affordable major housing market of Indianapolis, 87.4 percent of homes sold in the second quarter were affordable to families earning the area’s median household income of $65,100. The median sales price of all homes sold in Indianapolis during that time was $120,000, which is up from $113,000 in the previous quarter and equivalent to the median sales price for Indianapolis homes sold in the final quarter of 2005."
You say you don't want to move to the home of the Brickyard? No problem! You have options:
"Also near the top of the list for affordable major metros this time around were Detroit-Livonia-Dearborn, Mich.; Grand Rapids-Wyoming, Mich.; Buffalo-Niagara Falls, N.Y.; and Youngstown-Warren-Boardman, Ohio-Pa., in that order."
So the next time someone starts whining about how expensive it is to live here, tell him to buy a bus ticket to Detroit. Housing costs more here because more people want to live here than in Livonia. The high housing prices reflect not a failure of public policy, but the basic laws of supply and demand. We've got the climate and the beach.
[Don't recognize the picture? It's the award-winning Livonia Community Recreation Center. You'll love the ping-pong.]