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Tuesday, August 7th, 2007
9:33 pm
Housing in Atlanta
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Most Affordable U.S. Real Estate Markets
By Matt Woolsey, Forbes.com
August 2, 2007

If you're not sweating your monthly mortgage payment and don't obsessively check refinancing rates, chances are you live in one of America's most affordable areas.

Homeowners in Indianapolis know what that's like. Its residents don't have to scrimp and save to afford a home at the median price. There, the bulk of the housing stock is well within reach of the average household. Savings depleted? According to our calculations, it would take just two years of gross salary to become a homeowner there.

Cleveland, St Louis and Detroit are also reasonably priced. But affordability isn't limited to the Midwest. Pittsburgh, Atlanta and Greensboro, N.C., made our list as well.

In Pictures: Most Affordable U.S. Real Estate Markets

Affordability is more complex than sinking a third of your take-home pay into real estate. Instead, we calculated our rankings by using two measurements and applying them to the nation's forty biggest metros.

Behind The Numbers
The first is a look at the ratio of median home price to median household salary, which determines how many years of gross salary the median household would have to spend to buy the median house. In Indianapolis, where the median household income is $60,383, it would take just under two years of gross salary to buy.

That must sound pretty nice to the residents of Los Angeles, where the median household income is $58,319, but housing is more than five times more expensive than in Indianapolis.

"When you calculate that out, it's nearly 20 years more of mortgage payments," says Wendell Cox, founder of Demographia, a St. Louis-based research firm. "There has never been anything like the difference in housing affordability that exists today."

The second measure tracks the percentage of homes sold in the first quarter of this year that were affordable to the median income-earning household.

This metric illustrates what's at play in a market like San Diego . The city might be in the midst of a price slump, but that doesn't necessarily mean it has become significantly more affordable. Only 9% of San Diego homes sold in the first quarter of 2007 were within the reach of the median income-earning household, according to the National Association of Home Builders and the Wells Fargo affordability index, which assumes a 10% down payment and a market-rate mortgage.

Economists say this indicates the top of the market is moving, but the middle and bottom strata are having problems. In a market where housing is that unaffordable, buyers have to rely more heavily on credit. Potential future foreclosures can throw a market into stall--not a great sign for recovery.

"Affordable markets are in a better position for a strong recovery, because more buyers can come in once prices fall," says Mark Zandi, chief economist at Moody's Economy.com. "In markets that rely more on credit, any recovery will be more muted if lending standards remain tight or tighten."

Reasonable Real Estate
Compare San Diego's numbers to those of the country's most affordable areas. Almost 90% of Indianapolis sales in the first quarter of this year were affordable to the median income-earning household. In Cincinnati, that number was 78% and in Cleveland, 82%.

The skeptics might cry "Rust Belt!" here and point out that those cities' markets aren't exactly healthy. This is certainly the case in Cleveland and Detroit, which have suffered from massive subprime lending practices, emigration and poor local economics; prices there are affordable as a partial result.

Other areas on our list, however, such as Dallas and Atlanta, are experiencing growth, yet remain affordable.

Price-to-income affordability in Dallas was seventh best overall, and just under 70% of homes sold in Atlanta in the first quarter of this year were available to the median income-earning household. Prices can remain affordable in fast-growing cities when there are high rates of new-home construction and relaxed growth restrictions.

High demand doesn't necessarily impede affordability either.

Examine the difference between Boston and Raleigh, N.C. ; since 2000, Boston has experienced steady emigration, while Raleigh, has welcomed new residents.

But during that time, Boston home prices increased by 16.7%, and median income-earning households can afford about half of what they could seven years ago. In Raleigh, home prices have grown by 37%, but the share of median income earners who can afford homes has only dropped by 3%, all while the city underwent a population boom.

What gives? A high increase in new-home construction and growth policies not overburdened by regulation acted as price reliefs in Raleigh. Boston doesn't have such policies and hasn't seen a great deal of new-home construction.

Both Raleigh and Charlotte, just missed making the list, landing at Nos. 12 and 13, respectively.

"There are so many people moving [to Charlotte] now that everyone and their brother is a real estate agent," says Francine Dupont, a broker with Dupont Real Estate in Charlotte. "A lot of people are cashing in on their northeastern properties and moving down here because you can get so much more for your money."

In Pictures: Most Affordable U.S. Real Estate Markets
4:26 pm
Seeking Apartment in Savannah
I've been doing my homework and have seen some apartments I would be interested in renting, but I need your help Savannah! I've never been to Savannah, GA before and I'll be moving to the area for college in the Fall. So I need a kind and honest person to tell me which apartments are good and bad! It would be greatly appricated.

I'm looking for a 2 bedroom apartment to move into shortly in Savannah. A big plus would be near Savannah Tech and nearby public transportation. 

I'm just looking for something nice, nothing really special... but I don't want to be stuck in some crappy apartment for the school-year. 

Please let me know which ones are good and which ones I should stay away from! You can also e-mail me at mavixcervante@yahoo.com

Thank you soooo much!
Wednesday, June 13th, 2007
5:17 pm
FSBO 101
Have any of you tried to sell your home By Owner or know someone who has? I would love to hear some feedback on this. Our house has been on the market since April 2nd and our contract with our Realtor expires on the 4th of July. What are your thoughts?
Please delete this post if it is inappropriate.
Monday, April 2nd, 2007
6:00 pm
new company
Hey everyone!

This is going to sound lame, but I am running out of things. I KNOW ppl will want to give me advice and say, do this... do that.... try this, or try that! I know that some ppl will attack me here saying im a sham, or whatnot. i have been building a security company in the province of Ontario. It is presently, the only "post 9/11" security company in existence.

Have you ever seen a security guard, and laughed at him/her thinking what good is this person going to do? My company has a hiring and selection process that is the same a local/regional police. We also have a training program that is superior to other companies in existence.

Finally, we have a small client base that is willing to sign on once we have ourselves set up. So, all we need now, is start up capital. I have been to all the local banks, and have been turned away. My investor, who was going to help, recently passed away, so I am left dealing with this all on my own. it has been suggested that I maybe look for donations. Thus, why I am here. we have a website up www.oracleinvestigation.com which is only a coming soon page presently. But were working on it.

i am looking for people to donate to this cause, and help me get my start up capital together. in turn, at the end of our first year, i will make a donation for the total amount of the donations given to a local charity in the names of everyone who is involved in getting me up and running.

The paypal email addy is dj_havok@hotmail.com

Thank you in advance to anyone and everyone who helps out.
Thursday, November 2nd, 2006
4:43 pm
A Tenant's Guide to Renting
A Tenant’s Guide to Renting

The first challenge every tenant faces is finding an apartment for rent that suits their individual needs. For today’s tenant, the most effective apartment search can be done using an online apartment finder. Tenants should decide what they require in an apartment or house rental before beginning their search. For example: the number of bedrooms, location or distance from public transportation and how much the tenant can afford to pay in rent, furnished or unfurnished apartment, etc. By making these important decisions first, tenants can avoid renting an apartment or house only to regret it later. Many tenants today are taking advantage of the convenience of the internet to locate apartments for rent as opposed to the traditional print publications.

Once a possible apartment or home has been found, it is the tenant's duty to thoroughly inspect the premises making a commitment in the form of a security deposit. A tenant should not rely on the landlord or the landlord's agent to tell the tenant if anything is wrong with the property. The tenant must inspect the property carefully and ask questions about it.
Inspecting the condition and functionality of the following areas/features of the apartment before committing yourself as a tenant is highly recommended.
1. Kitchen appliances in working order.
2. Water pressure strong, plumbing without leaks.
3. Electrical outlets and wiring working.
4. Walls and ceiling painted or papered without cracks
5. Ventilation or air conditioning accessible.
6. Floors, railings and bathrooms in good repair.
7. Fire escape easy to use.
8. Stairs safe and well-lighted.
9. No rodents or insects.
10. Heating system in working order.
11. If furnished, check and write down condition of all furniture.
12. Windows and doors operable and weather-tight; screens provided.
The tenant should also check the security of the building to find out if there is a dead-bolt lock, security chain, or through-the-door viewer.
BEWARE OF EXISTING DAMAGES: In order to avoid being blamed for damages that already exist in the rental unit, the cautious tenant should take every step for self-protection. Before moving in (or as soon as possible thereafter), the tenant should make a list of all existing damages and repairs that need to be made. A copy of the list should he presented to the landlord and attached to the lease This way the landlord cannot blame the tenant for damages caused by others and the tenant will know what the landlord intends to repair. If the tenant keeps good records the landlord will not be able to keep the tenant’s security deposit for damages that were actually caused by others. Taking pictures before moving in is also strongly recommended.

ABOUT THE AUTHOR: Paul Rossano, associated with www.AllSpaces.com who “Conveniently Connects All People with All Spaces in All Places” has been dedicated to the Real Estate rental market for over 8 years. He has assisted over 25,000 tenants with their renting needs. Any questions about renting apartments, houses or other rentals, feel free to visit www.AllSpaces.com or email him at Paul@AllSpaces.com.
Thursday, September 14th, 2006
1:48 pm
GA Mountain Property
Habersham County

16 acres on GA Highway 17, near histoic Clarksville.
Zoned HI, highest zoned in the county.
2200 sq.ft house, 2400 sq.ft. shop with 3-phase electric.
City water, well-water with board well.
Good site for small pond.
30-foot DOT approved driveway. Completely fenced.
PERFECT for estate, subdivision, or business.

Owner 706-754-1052

This is my Uncle's property, so please call the number. Do not contact me. All I can tell you is how awesome the place looks from the times that I've been there. It really is a great piece of land!
The information was taken from his ad in The Atlanta Journal-Constitution Homefinder.

Current Mood: hopeful
Tuesday, May 9th, 2006
8:51 am
im not sure if anyone here would be able to help, or even be interested. im an indipendant security consultant in toronto canada. i am trying to open a security/investigations company, to cater to a high end clientbase, and even have clients waiting. however, i am haveing alot of trouble acquiring the start up capital.

does anyone know of any investors who would be willing to talk about this?
Tuesday, December 6th, 2005
10:56 am
Ball of Sunshine
I am a Georgia Real Estate Agent specializing in relocation. I handle most cities in the Metro Atlanta area. So if you have any questions about real estate let me know.
Wednesday, August 17th, 2005
9:36 am
New community!


Housing bubble, rentals, landlords, mortgages, real estate, housing talk!

Wednesday, May 4th, 2005
4:17 pm
hey all. Help us... help you!
My business is www.MyProService.com and we help anyone an everyone who has some sort of Real Estate interest. If you want to buy a house but do not know where to start contact me. If you want to find a loan but you have AWFUL credit, I can get you to a Lender who wants to work for you. Why wonder, know for sure...let me help you. MyProService is a Network of Real Estate and Loan Professionals. Also, if you are a dedicated and quality Agent or Lender, let's talk. We need you. Nationwide Network soon will be extending to include Canada! We can provide you with quality verified leads so that you can find better things to do with your time....HELP us HELP you!

Current Mood: accomplished
Friday, January 28th, 2005
3:22 pm
New site Homes for sale by owner (fsbo) in USA on MiaDomo.com
New site Homes for sale by owner (fsbo) in USA on MiaDomo.com just started to accept users to advertise their homes online. Please register with Miadomo.com and place your ad (it's free). Also find home of your dreams and plenty of advices on how to sell or buy real estate property.
Thursday, December 9th, 2004
12:47 pm

Did you hear about a very successful f r e e i p o d s.com marketing campaign?
Featured in such major on-line news resources as Wired
and EndGadget,
it spread a wave of interest across the country, giving away thousands of
items. It's is quite probable that you were one of those lucky people!

But you can be sure that the company behind this program was not dispatching
the gadgets out of some altruistic reasons or in order to promote them, they
have a lot of promotion anyway. To get the prize members of the program had
to sign up for a certain on-line promotion ( like AOL, or Ancestry.com trials)
and get five other people to follow suit.

But on average only 10-15% of all participants
manage to persuade five their friends to sign up. And for every new members,
supplied to their sponsors, organizers obtain up to 90 dollars. Simple arithmetics
shows that with item price around 250$ this campaign works out really well for
its organizers.

It's a completely new, legitimate and effective form of marketing! And you can become
part of it.

Read more...Collapse )

We offer you script and design of the website for your campaign.
We can offer you post-sales support, and tweak the website to work with the advertisers of your choice.

Check our demo website. You can sign up on
the main page, to see how it works.

You can check also the admin side
(login: admin pass:nimda)

Don't miss the latest marketing trend! Start your campaign now!

Buy it now on EBay ICQ status 248993109 (ADD, Send message) </td></tr>
Friday, November 26th, 2004
11:44 am
far fetched but worth a shot
i'm looking at moving to athens, or close surrounding area, end of aug/beginning of sept of next year. far away, perhaps. i am currently in minnesota, and the chances that i will have enough money to find a place, then come back here, and then move are slim. so, i'm looking for roommates. i have three years and endless roommate situational experience (i'm one of five presently). it would be most convenient to move into a place already established, seeing as how i would be moving in one trip, picking up and leaving. i'm a 21 year old female college kid. i'm open to living with pretty much anyone, if you or anyone you know will be looking for a roomie at that time.... please.
meleniamos at yahoo . com
Friday, June 25th, 2004
11:11 pm
Place in Athens...
I am moving from Columbia Missouri to Athens. I just graduated from MU and the company that hired me is putting me up in a Hotel for a few weeks to find a place.

I'm looking for a 2 bedroom and 1.5 baths to live in by my self. I really want a duplex or a small house. I would love to have my own garage, but doesn't seem like to many places have that option. I would like to be close to downtown or on the bus line.

Any recommendations? Oh, and no ice maker is a deal breaker ;) Willing to buy washer/drying if not included, but want it to already have a dishwasher.

Thanks for the help!
Tuesday, April 27th, 2004
7:32 pm
Sublease for Summer in Athens, Ga?
Is anyone looking for a summer sublease in Athens, Ga?

Would be living in Abbey West (off Epps Bridge) 4br/4bth apartment (worth 350/mo+ 1/3 Utilities) for 300+utilities. Option to pick up in Fall.

Gated Community, with Pool, Tennis Courts, Computer Access, and Bus route on location. Just 10 minutes from campus by bus. 5 minutes from Ga Square mall area.

Balcony, Vaulted Ceilings, Has living room Furnishings/ kitchen utensils until August.

Preferably Female, non-smoker.

To live with two females. Both quiet, non-drinkers who work full time.

Leave me a message for more info.
Sunday, April 11th, 2004
8:30 pm
could use some guidance..
I'm soon to be 20. Currently living in South Carolina. I'll be moving to Atlanta this summer. My parents are kind enough to say...we will pay for where you live. They were thinking, townhouse/condo type residence. I will be going to school at dekalb medical center, but im also waiting on an acceptance letter from grady medical, so I was looking for something in a central location between the two so I'm not 'stuck' on one side of town. .Any suggestions on where to start would be wonderful. I was thinking the best place to look would be near Emory or around College residence areas...Since I'm that age bracket I'd probably enjoy living in that area better than in a suburb...but I'm not too familiar with real estate or buying, so I'd like some help! thank you!!
Tuesday, April 6th, 2004
3:32 pm
abode hunting [Savannah]
Moving to Savannah fairly soon, where should I live?
apartment guide.com has a pretty large selection, but im not sure of location and whatnot.

apartment listings

where would you guys live? why?
Saturday, January 17th, 2004
12:08 pm
A free saturday!
I've got the day to myself today, and I think I want to go looking at houses. Townhouses specifically. I've always thought that it would be a great investment to buy a relatively cheap townhouse and rent it out for the amount I'd be paying on the monthly mortgage, and therefore pay off the house with someone elses money :)

Right now I just want to see what's out there. Does anyone know of a place where I can get actual addresses of real estate, not just zip codes (which is what's on most of the mls searches). Or should I just pop over to a local remax and get flyers?

And what's everyones thoughts on forclosed homes?
Friday, June 20th, 2003
11:17 am
Tile Warehouse Sale - PSA
Renaissance Tile & Bath Warehouse Sale - I've been to it - it's awesome if you're building or renovating... A lot of people have asked about it - so here's the info:

Fri, June 27 - 8 AM - 3 PM - Sat, June 28 - 8 AM - 3 PM

Get there EARLY - 404-231-9203

Like the Peachtree Door Warehouse Sale, it's a lot of custom ordered stuff that people never claimed, overstocks, discontinued, floor samples, etc. Some gorgeous European fixtures there in the past, too - bring your truck, 'cause it's "cash and carry"...
Tuesday, June 10th, 2003
3:42 pm
advice please!
can those of you who are fairly familiar with atlanta help me out?

here's my situation - i live in tucker, at jimmy carter and lawrenceville highway, and i work in chamblee, at chamblee-tucker and flowers rd. this makes for a very easy commute, since i don't have to get on the highway...takes me all of 15-20 minutes...i go to the gym in stone mountain, so i have to drive out there a few days per week, which is about 10-15 minutes from my apt, but in the opposite direction.

i have put down a security deposit on an apt in dunwoody...it's off of peachtree dunwoody, a little bit north of abernathy road...and right next to 400...i'd be going against traffic on 285 to and from work, and i'd use the ashford dunwoody exit and take abernathy/perimeter ctr west...plus there's a gym on the way.

so here's the pros and cons:

current place:
PROS - cheap rent (i could move into a 2BD here and still pay $50 less/month than in dunwoody, plus no deposit), easy commute
CONS - older apartments, not as nice of area

dunwoody place:
PROS - nice new apt, nice area, nearby gym
CONS - more expensive, apt available is actually facing 400 (noise?)

i am thinking of buying a house but i don't have time right now as my lease is up soon, so my options for now are to sign a 6-12 month lease with either place...i had decided to go with dunwoody because it's nicer, etc but now i am rethinking due to possible noise from 400 plus higher costs...if anyone has any input about either of these areas, about living off of 400, or anything else relevant, i'd greatly appreciate it! thanks :)
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