Fayetteville, Georgia

[Michigan CG]

I had on the show House Hunters last night while doing a little work and the people looking for a home were moving to Fayetteville, GA. Their budget was $200,000-$250,000.

The homes they were looking at could easily cost $400,000 here and over $600,000-$800,000 in metro Chicago. $2,000,000 in LA?

http://www.hgtv.com/house-hunters/c...opted-town-of-fayetteville-georgia/index.html

The COST had to be easily $400,000. I didn't think that GA had the housing meltdown like a lot of the country.

 

[Papoua Jose]

The Atlanta metro market had a significant meltdown in 2008+.

 

[Terrel L. Shields]

didn't think that GA had the housing meltdown like a lot of the country.

I think the FDIC took over more banks in Georgia than perhaps any other state in the Union.

But as a comparison why not Fayetteville, Arkansas? Play on words but $250,000 will buy you a lot of house here... These are a few.
$235K - 3,260 SF
$170K - 1,818 SF
$235K - 2,735 SF + a 1,000 SF rental dwelling on 4 acre

At the time these houses were built (all in the 2002-2007 period) the "cost" was about $100 per SF

 

[Mountain Man]

South side of Atlanta real estate is very cheap and affordable. In Fayettville, $250,000 will get you 3,000+- SqFt with hardwood floors, granite counter tops, stainless steel appliances, upgraded trim with crown and wainscoting, and possibly an unfinished basement. Go north of Atlanta (Kennessaw, Sandy Springs, or even my area in coming) then you are in the $400,000 to $500,000 range.

 

[G-man]

Not knowing exactly what this couple was looking at (I haven't seen that show), the $200 - $250K range would buy some pretty nice homes in the S.E. Michigan, N.W. Ohio area. There are five listings of 2000 - 2010 built homes between 1,900 and 3,000 sq.ft. in the Monroe area alone. Now, if they are looking at higher end homes, 3,000+/- sq.ft., etc. then your starting to look in the $300 - $400K range easy.

 

[Michigan CG]

.............There are five listings of 2000 - 2010 built homes between 1,900 and 3,000 sq.ft. in the Monroe area alone. .........

Those two subdivisions use the cheapest materials available. You couldn't make me buy one of those.