Quote:
Originally Posted by 2008M36MT
I would agree but would imagine the number of majors and colonels are low, and many of them aren't buying their first home so they wouldn't get the no interest mortgage. I want to know what all those buyers are doing that I'm not. $500K doesn't buy anything in SD, a single family in the traditional sense starts at $850K.
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city-data.com shows a median value in SD of $658,400. That was the number I used to do the math. I suspect that few on this forum would want to live in the median home in most parts of the country. I know I wouldn't. When I see a city-data.com housing value, I assume 50% more to leave enough room to find something I'd really like to live in.
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