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2009 MSN Real Estate Most-Livable Bargain Markets
By Melinda Fulmer of MSN Real Estate
In tough economic times, there’s nothing more attractive than a steady paycheck and an affordable mortgage payment. However, finding a place to live that’s both a bargain and enjoyable can be tough.
So MSN Real Estate asked Bert Sperling of Sperling’s Best Places to evaluate the most affordable housing markets from the 100 largest U.S. metro areas and pinpoint 10 of the most livable areas: places where unemployment is low, commute times are mercifully short and there are enough interesting entertainment and cultural amenities to keep most people busy and satisfied. We defined affordability by the ratio of median income to median home price. The result? MSN Real Estate’s most-livable bargain markets list.
“These places have a great quality of life even though they are affordable,” Sperling says. “And they haven’t suffered a free fall in the marketplace like some other places have.”
You won’t find New York, Los Angeles or Miami on this list. Instead, you’ll find a nice collection of cities spanning the country that range in population from the merely midsize — such as Ogden, Utah, at 513,280 — to the mega metroplex of Houston, with its 5.7 million residents. And all of them offer people more home for their money and, hopefully, more money in their pockets.
On the following slides, find out what makes each of these 10 cities great and the drawbacks you might find if you move there from another area: Hint: For many of these places, be prepared to pack a heavy winter coat.
http://realestate.msn.com/slideshow.aspx?cp-documentid=22334217>1=35000
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