Thanks, our states to investigate are:
North Carolina
South Carolina
Tennessee
my brother was a high-level tech guy for Asurion in Nashville Tenn, and when he worked for them, he lived in Brentwood Tenn. Beautiful place.
NY, will take the last nickel in your pocket, and then expect you to feel grateful for it.
The prices you quoted, I can almost buy 2 of them for what my little house in Long Island NY would sell for.
That's why I made the offer, my son and daughter in law get a free house, no mortgage, don't have to live the rat race working 2-3 jobs their whole life Iike I did.
We could stay here and give them $300,000 to buy a $700,000 house (nothing special, small, needs work no doubt, it's just the crazy high demand here) but they would still struggle to pay a $400,000 mortgage. That's why I say it is unsustainable here for young middle class people.
And I said to them "why do that to yourselves, for WHAT?!"
Another option is out west, northern AZ NV or NM. Can't take the heat of the southern parts of those states, but the northern parts, might be nice.
Anyplace in the northeast is out. We can stay if we want to, but paying $700,000 for a house that needs work, I advised then NOT to do. I looked at a few houses around here in the high 500s to low 600s and they were all OLD, poorly maintained and had obvious structural problems that any engineer would have found and said DO NOT BUY THIS. One place I really had to laugh, the foundation was collapsing and the real estate agent says we'd like our offers by next Tuesday. I said to him, there is something happening in that basement and it's BAD. Yet someone wants this neighborhood so badly they will buy it. Madness.