Best cities to buy home in tight economy

Posted on by Forest in Cheapest Places To Live, General, Opinion, Saving Money & Finances

What do the best cities to buy home in tight economy need….

The economy is looking a little up for many and if your credit is in order then the idea of buying a home and getting a mortgage is seeming more possible. After the recent troubles of the world hopefully everyone has learned their lesson and will make informed choices and that is ever so more important when buying a home.

Choosing a city to buy in right now is hard work. Stability is key and you need to find somewhere where job security is as good as it can be and people are buying as places to live, not purely to invest. After all I believe a house should never be an investment anyway, it should be somewhere you want to live and if you make some cash in the long run then that is fantastic. Of course many would argue with this stance but if you do buy a home in an area where people are living in their homes and intend to stay it helps with the sensibility of the purchase.

Job security isn’t something that can be guaranteed but areas that are booming from things like green industry development or solid infrastructure are a good bet and if you tread careful you can find that semi-utopia for you and your family. Of course house cost and things like local crime rate are all massive things to consider.

What are the best cities to buy home in tight economy?

For a long time it seems that the shining beacon in this whole time of darkness has been the State of Texas. Of course the recession hit there too but with a cross section of an economy held up with oil and the emergence of things like wind and solar technology growing fast Texas has a diverse economy that seems to be weathering the storm. Austin is often the city of choice and it’s young and vibrant atmosphere adds to it quickly becoming an exciting cultural and affordable hub of the state. Also being a college town it means that academic and research jobs are often available and this gives it a good base of workers. Of course Dallas and San Antonio are not terrible choices either and both have more than just affordability of housing on their side.

Forbes agrees with my sentiments about Austin and Texas in general but they also point out that although not the cheapest San Francisco could well be a safe bet. The history of the city is solid but it is also the home of Silicon Valley where all the major tech firms have HQ’s and that includes Google. These companies are literally inventing the future and not just in computer tech, green tech is big business there too.

What cities do you think are best to buy a home in a tight economy?

Tags: bad economy texas good, cheapest places to live in usa, san francisco great place to live, texas best place to live