15 Lowest ranked US metro areas for housing

CNBC’s Make It published an interesting list of worst metro areas for housing appreciation over the past 25 years, looking back to 1997.

https://www.cnbc.com/2022/04/02/the-15-worst-places-to-own-a…
The 15 worst places to buy a home in the U.S. if you want it to increase in value

Michigan fairs the worst, with 8 of the 15 being located there. Flint MI is #1.


Rank	Metro Area	Change	Odds of loss
1	Flint, MI	83%	45%
2	Monroe, MI	84%	44%
3	E Stroudsburg,PA103%	46%
4	Detroit, MI	91%	44%
5	Rockford, IL	67%	39%
6	Kokomo, IN	68%	39%
7	Saginaw, MI	77%	40%
8	Bay City, MI	81%	40%
9	Mansfield, OH	82%	40%
10	Toledo, OH	78%	39%
11	Warren, MI	99%	42%
12	Lawton, OK	74%	38%
13	Jackson, MI	102%	42%
14	Lansing, MI	95%	41%
15	Cleveland, OH	77%	38%

There’s a reason they’re cheap. I couldn’t see myself living in any of them.

intercst

Alternatively, it’s a list of the 15 places you’re least likely to overpay for housing, and while I can understand intercst’s reluctance to even consider Flint, there’s a lot more going on in Cleveland than meets the eye, especially if you’re a foodie or fine-arts type.

3 Likes

while I can understand intercst’s reluctance to even consider Flint

I dunno about intercsts’s reluctance, but I won’t consider Flint either.

I’ve seen winters in Indiana.

Flint is in Michigan, which is north of Indiana (and not conveniently on a coast that brings warm ocean currents).

1 Like

I dunno about intercsts’s reluctance, but I won’t consider Flint either. I’ve seen winters in Indiana…

Population has been moving south (and west) at least since WW2.

Deschenes and Moretti examined county death records throughout the United States and looked at mortality associated with extreme cold and heat.
“Extreme weather events, mortality, and migration”
www.mitpressjournals.org/doi/pdf/10.1162/rest.91.4.659

They found both types of events killed; however heat waves displaced deaths with a drop in mortality after the heat wave so that “there is virtually no lasting impact of heat waves on mortality.” On the other hand, extreme cold events resulted in approximately 0.8% of all deaths in the US. In addition they estimate that “the average person who died because of cold temperature exposure lost in excess of ten years of potential life.”

The authors note that the US population has been taking advantage of this difference with their southern and western migration patterns, writing “each year 4,600 deaths are delayed by the changing exposure to cold temperature due to mobility.” They estimate “3% to 7% of the gains in longevity experienced by the U.S. population over the past three decades are due to the secular movement toward warmer states in the West and the South, away from the colder states in the North.”

DB2

3 Likes

Population has been moving south (and west) at least since WW2.

But for how long can this continue? There were water problems even before the latest drought cycle kicked into high gear, and assuming you’re not a science-denialist, it’s just going to get worse. The coasts aren’t much of an option either, considering some neighborhoods already flood on a daily basis, and the entire gulf coast has a big-arse hurricane target painted on it.

1 Like

Population has been moving south (and west) at least since WW2.

But for how long can this continue?

We will know when people start moving north instead of south. They vote with their feet.

My guess is 20-25 years.

DB2

My guess is 20-25 years.

My guess is sooner.

High nat gas prices.

Drought/extreme heat in west and southwest. Water resources shrinking.

Unless the west breaks drought this year, we should see the first big slug of climate refugees next year here in MI.

(See previous thread about cheap real estate/housing in MI)

3 Likes

“we should see the first big slug of climate refugees next year here in MI”

You would have to be pretty desperate to take refuge in Michigan… :slight_smile:
Maybe they’ll be just passing through on their way to civilization.

2 Likes

Maybe they’ll be just passing through on their way to civilization.

Ho ho ho ho