The Most Crazy (And Not So Crazy) Expensive Homes In America

Can you guess the state with the “cheapest” most expensive home? [View in browser]( [The Juice Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Top Stock And ETF Searches This Month Rank Name Searches #1 Tesla 380,095 #2 Apple 360,084 #3 SPDR S&P 500 ETF 290,421 #4 Nvidia 274,014 #5 Amazon.com 268,163 #ad [The Most Researched Stocks [FREE REPORT]]( Brought to you by [Mode Mobile]( [Beyond iPhone: Dawn of a New Smartphone Era]( [ Mode Mobile - Beyond iPhone: Dawn of a New Smartphone Era]( Today's smartphones are like full-time jobs.Consumers clock a staggering 40 hours a week, for the younger generation, this number is far greater. Taking a cue from Uber and Airbnb, Mode monetizes phone usage, akin to how cars and homes were turned into income generators. Apple's $3T market sets the stage for Mode, which is now being sold at Amazon, Walmart, and BestBuy, facilitating $150M in user earnings and savings. [You can now join 12,000+ investors & get 110% in bonus stock by participating prior to close.]( The Most Crazy (And Not So Crazy) Expensive Homes In America We can’t wait to share today’s Housing is Haunted installment with you. It’s the stuff we all love to gawk at. But first, some business … Bye, Bye Nvidia! Last week, we mentioned interest in Nvidia (NVDA) fading our proprietary sentiment indicator, Trackstar. Of course, Trackstar measures investor search interest in tickers across our 100-plus financial media partners. Last week, Nvidia had fallen to third place behind Tesla (TSLA) and Apple (AAPL). At the time, we thought Amazon.com (AMZN) would leapfrog Nvidia first. But, as it turns out, the SPDR S&P 500 ETF (SPY) flew past NVDA, gaining 24,257 searches over the last week, while NVDA searches decreased by just over 1,500. We’ll keep an eye on the Trackstar action, but it’s not like NVDA stock is dying. It’s up roughly 5% over the last month, compared to an approximately 5% decline in AMZN and 1.6% drop in SPY. Housing is indeed Haunted. Still to come this week in The Juice: A whole slew of 2024 mortgage interest rate and housing price predictions (that’s tomorrow) and data on just how much less expensive it is to rent an apartment rather than own a home in most decent size cities these days (that’s Thursday). Here’s where we’ve been so far in October: - Oct. 2: [Housing Is Haunted, The Introduction]( - Oct. 3: [These Super Lucky Homeowners Are In The Best, Most Enviable Possible Positions]( - Oct. 4: [The Top Stocks Inside The Most-Searched Real Estate ETFs]( - Oct. 5: [Will Climate Change Impact Your Decision On Where To Live?]( - Oct. 9: [Truly Mind-Blowing Housing Data From Canada]( 🇨🇦 - Oct 10: [We’re About To Hit Next Level Unaffordable On Housing]( - Oct. 11: [This Housing ETF Approach Might Make Sense For You]( - Oct. 12: [What Is A REIT?]( - Oct. 16: [The Stocks Inside The Most-Searched Global Real Estate ETFs]( So, now, a little escape before we get back to the reality of this housing market for most people. Point2 recently listed the most expensive properties for sale in every state. No shocker, California topped the list with a $250 million estate up for sale in Bel-Air. Because the ultra-rich don’t finance properties the way you and I do, we won’t even run the numbers on the monthly payment at that level. No doubt the help you’d have to hire to keep the place clean and running likely costs more per month than most of us make in a year. After the Bel-Air listing, here the next four most expensive properties for sale in the US: - Palm Beach, FL: $218 million - Manhattan, NY: $195 million - Aspen, CO: $105 million - Incline Village, NV: $76 million That New York City pad for $195 million is in a massive tower at the edge of Central Park, called Central Park Tower. In fact, it’s the tallest residential tower in the world. It’s 98 stories with 198 residences, built in 2019. The unit for sale at that price covers more than 17,500 square feet with 1,500 sq.ft. grand salon, 2,000 sq.ft. private ballroom, private elevator vestibules, separate entry points, observatory, library, media room, and more. There are actually other units for sale in the building right now, ranging in price from a paltry $6.5 million to $75 million apiece. However, if you want to slum it, go to the low end of Point2’s list: - Lincoln, NE: $3.89 million - Alexander, ND: $3.95 million - Inverness, MS: $6.5 million - Hermosa, SD: $6.9 million - Overland Park, KS: $7.5 million Maybe you’d use traditional financing on a $3.89 million property? If ya did, you’re talking, a $778,000 (20%) down payment and, inclusive of taxes and insurance, at monthly payment of $27,589 on a 30-year mortgage at the current interest rate of 7.8%. Enough of the unrealistic, though super entertaining fun and games. If you really want to slum it, consider this. We ran the numbers. A large swath of Americans could afford the payment on a $250,000 home. That is if you use the personal finance standard of spending no more than 30% of your income on housing. A $250,000 house with 20% down results in a monthly payment — with taxes and insurance — of $1,773 a month. At the 30% threshold, you need to earn about $5,777 a month, or about $69,324 a year. Redfin searched its equivalent of Trackstar and found that these are the ten places with the largest share of homes for sale at $250,000 or less: - Flint, MI: 92.8% - Youngstown, OH: 91.2% - Rockford, IL: 86.5% - Syracuse, NY: 83.8% - Anderson, IN: 82.8% - Florissant, MO: 81.4% - Lawton, OK: 79.9% - North Little Rock, AR: 78.9% - Milwaukee, WI: 78.2% - Jackson, MS: 77.3% In Flint, for example, the median price of a home is just $110,000. In larger Milwaukee, it’s a still reasonable $179,900. In Syracuse, you’re looking at a median list price of $159,900. [Daily Stock Advice With Actionable Insights]( Our experts analyze the stocks that investors are researching across the 100+ online financial sites in our network and bring those insights to you! Know where the market is heading and which stocks are about to sink or swim with a FREE subscription. [Subscribe now]( The Bottom Line: It’s not only [people locked into solid mortgage situations]( who are doing well in this not-so-great housing market. Absolutely, rates are high. And this is a problem. But, if you’re looking to downsize not only your home, but to a different pace of life in a smaller city, you can do it. And you might even be able to use the proceeds from whatever you sell to pay cash. And, take it from us, there are worse places to live than, say, Syracuse. You have relatively quick access to New York City and the incredible Finger Lakes region right there. As always, The Juice tells it like it is, which isn’t always good news. However, amid the bad, there’s almost always a silver and attainable lining. [-facebook-share]( [-twitter-share]( [-linkedin-share]( [-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D593714?utm_medium=ic-nl&utm_source=113398 ) News & Insights Freshly Squeezed - [13 Technology Stocks To Buy That Are Too Cheap To Ignore]( - [Don't subscribe if you don't want to know more about Real Estate, Private Equity, NFTs]( - [16 Best Stocks to Buy and Hold for the Next 15 Years According to Cathie Wood’s Portfolio]( - [Check Out The Juice’s Favorite ETF Screener]( [News & Insights-facebook-share]( [News & Insights-twitter-share]( [News & Insights-linkedin-share]( [News & Insights-email-share](mailto:?body= https%3A%2F%2Finvestingchannel.com%2F%3Fp%3D593714?utm_medium=ic-nl&utm_source=113398 ) [We want to hear from you. Let us know your thoughts by clicking here]( [Pixel] [InvestingChannel Logo](#) Follow us on: [Facebook Logo]( [LinkedIn Logo]( [Twitter Logo]( [Instagram Logo]( To ensure delivery of all emails, [allow us on your list](. Manage your subscriptions with our [preference center](. [Unsubscribe here.]( View our privacy policy [here](. Copyright ©2023 InvestingChannel. All rights reserved. 1325 Avenue of the Americas, Floor 27 & 28 New York, New York 10019 Disclaimer: This is not investment advice. This InvestingChannel, Inc., newsletter is for information purposes only and is based on opinion. Futures, forex, stock, and options trading are not appropriate for all investors. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or eliminate losses. InvestingChannel, Inc., makes no representation or implication that using any of the methodologies or systems in this newsletter will generate returns or insure against losses. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions. [Link](