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Does the affordability of living space improve? | Ktvb.com

Does the affordability of living space improve? It depends on who you ask.

Boise, Idaho – people keep asking whether living space becomes more affordable, probably because they hope for another answer. But no, the real estate crisis continues across the country and here in Idaho.


First, take a look at this affordability index card from REALTYHOP to pay your mortgage and taxes. The least affordable markets are yellow and the most affordable are blue. They are also not in Idaho, but in the event that they asked themselves, the rust girdle has affordable living, while they have come out of control in California and in the New York City/New Jersey region.


Take a look at these numbers from Realtyhop again. Six of the ten most affordable markets are located in California. If you look at the middle list price and the average income in Los Angeles, someone would have to sink more than 98% of their income into their mortgages and taxes. No wonder that so many people from California move to Idaho. Ideally, you would not spend more than 30 percent of your income for your mortgage. But in 82 of the 100 large cities they would have to do that.


How about the Boise Metro? These are not just the city limits of Boise. This is the U -Bahn, a good part of the ADA district in Canyon County. Realtyhop says that residential property has become a little more affordable. This uses folk counting data, property tax information and its own information at list prices. They said that the proportion of average income that goes at the middle home price and control just over 45%, which has dropped by 2.5%. If you say, “My household does not earn 81,000 US dollars!” These are also median numbers based on census data and valued growth. And this leaves Boise metro as the 28th most affordable and the most affordable underground in the 100 largest metros.


In addition, the numbers change depending on who they ask because organizations talk about slightly different areas. If you look at numbers from the Intermountain MLS, which deals with Trends County-by-County, not the Boise Metro, it seems that the affordability is going in the opposite direction. The median price has increased by 4% in the entire ADA County and by 4% throughout Canyon County.

So what is that taken with you? Regardless of what numbers you look at and with which comparison you compare you, houses are still unaffordable. And the American dream of home ownership is still unreachable for the average local family.

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