are you looking to buy your first home are you just looking to buy a new home today I'm going
to tell you which states you should probably avoid if this is your plan this video is based
on cost cost only we're not looking into school districts we're not looking at crime rates and
we're not looking at states that still have a good amount of Hooters open side note the only Hooters
like in the Portland metro area closed down a couple years ago it's kind of depressing I don't
really like the food from Hooters and really not into the place but so many jokes have been made
about Hooters over the years and movies and by comedians I've just always wanted to get a selfie
with a Hooters girl and now the chances that are limited because we don't have one in Portland
anymore anyway like I said this is just based on cost what is the median home price and what is
the down payment looking like we're also going to be telling you which states might see home prices
going down in the next few years now that part is my opinion based on what I'm seeing in the current
real estate market and if you know anything about the current real estate market you probably
already know oh I'm guessing just like everybody else who really knows these days the real estate
market is nuts but as far as the down payment goes we're looking at the average down payment
of 13 and that is the average according to the National Association of Realtors now I was going
to call it real autors which I like to do just get Realtors you know worked up and they leave
comments but that one's kind of played out so that one's going in the vault for a while we've done
videos similar to this in past years this is kind of an update got it get it good let's take a look
number 10 Nevada Nevada is one of those States that's been overrun by Californians for quite
a few decades they don't seem to complain as much as Texans and people from Idaho but
they've gotten their fair share of Californians this as you can imagine has led to higher real
estate prices the sharpest increase has been in the Las Vegas metro area that's where everyone
seems to move Henderson Nevada is a big one for a lot of years tons of new construction going
on out there since I'd say about before 2000 but 2000 seems to be when it really picked up
because the new construction and the higher real estate prices Nevada's changed from a first-time
home buyer hot spot to uh maybe not at the end of 2022 the median home price in Nevada was 434 832
overall that's lower than the national average but they got a lot of places out in the middle
of the desert that are going for next to nothing so that brings down their averages anyway if you
got the median home price there your down payment would be about fifty six thousand dollars real
holistically if you move to one of the areas where people want to move to like the Las Vegas
Metro Area Homes there start off around 600 000 for the newer ones you might be able to find an
older one for a little bit cheaper than that but six hundred thousand is usually your starting
point for a decent new home the prices in Nevada have started to drop already and it's estimated
by the end of 2023 that there will be a possible three to five percent drop in real estate prices
so if you're a first time home buyer if you buy a home now it might not be worth as much
by the end of the year and it always recovers it's just gonna suck the first couple years
number nine New Jersey I'm surprised anyone would ever move to New Jersey it's a beautiful state
when you get outside their cities that surprises a lot of people I was surprised the first time
I visited New Jersey how nice of a state it was out of places like Trenton Newark and Hackensack
those are the cities I've been to I've also been to Toms River and that really wasn't that bad but
for the most part most their cities kind of blow the rest the states kind of nice but people still
move there and they'd like to get taxed I guess the median home price in New Jersey the end of
2022 was 441 762 dollars which means if you're a first-time homebuyer you gotta slap down 57 429
dollars now realistically you could find homes for about that 441 000 that are decent probably not in
the cities more in the suburbs in the rural areas but it's hard to get a real number because it's
not like Nevada where everyone's just for the most part in two locations people are everywhere in New
Jersey they're estimated to see a 0.5 percent drop by by the end of 2023 that's not terrible
number eight Idaho throughout U.S history we have had hate groups in this country Idaho
could possibly be the first state to have a hate group that just hates Californians you
want to see someone get worked up being Idaho just kind of mentioned yeah I think it's great
these Californians are moving here they're adding a lot to the economy and bringing in
a higher class of people now the reality is don't say that in a drinking establishment
unless you're looking to save some money on having your front teeth removed Idaho used to
be very affordable state to move to that's why so many people move there but like it always
happens as soon as a whole bunch of people been moving there for a couple decades the
prices start to climb pretty drastically the good news is Idaho's starting to see a little
bit of a drop in 2022 the median home price in Idaho was 466 435 dollars that means if you're
gonna buy a house there your down payment is right around 60 Grand just a couple bucks over
realistically you could find decent homes maybe not in their biggest cities but for about 350
000 that are nice and they're livable if you go to the more rural areas you might be able to find
a nice livable home around two hundred thousand where most people are moving to the houses are
going to start about five hundred thousand dollars the good news is since the end of 2022 prices have
dropped about one percent and it's estimated to drop into the three percent by the end of 2023. so
it might be getting affordable again but right now it is not a good place for first-time homebuyers I
just think their prices are a little inflated it's still a great place to raise a family
number seven Oregon yep the place I'm actually standing in right now Oregon I live just outside
of Portland and uh yeah Portland still sucks the good news is the real estate prices are dropping
they say the median home price in Oregon is 502 000 for a home obviously like I said before once
you get outside the major Metro areas here it gets a lot cheaper but the Metro areas in all
states bring up the prices I say that so those people that you know are from some small town go
well I paid half that for my house what are you talking about well that median price is for the
whole state but if you bought a house for the median price your down payment would be about
65 287 thereabouts that's a good sized chunk of change last year in 2022 the prices dropped 1.6
percent and they're estimated to drop another 1.7 percent in 2023. when you want to look
at the real estate prices realistically if you get in the major Metro areas 500
000 is like bottom of the barrel you're looking at six hundred thousand on up the good news is
there's a lot of really nice small towns in Oregon that have affordable real estate that
you still get a decent home for 300 000. but whatever the price is it's predicted
to be dropping so it's probably a bad place to buy a house right now and I'm not even talking
about all the other nonsense I'm just talking about the real estate if you have a business in
the Portland metro area well actually I think it's just Multnomah County where the city of
Portland is they now have a homeless tax where you got to pay a thousand bucks to help fight
homelessness moving my company to Washington is looking more and more attractive every day
number six Utah Utah is one of the most popular places to move right now has been
for a few years and I don't think price changes here are going to affect that much it's really
nice State they've got a lot of things going for it but realistically it's probably not
the best investment you can find cheaper places to buy a home that are maybe just as nice to me
Utah has always seemed like Nebraska Kansas and Iowa it's just more desertish and it's a
little further west same type of people same type of atmosphere just a few more things to
do in Utah that's my opinion they say the median home price at the end of 2022 was
544 868 dollars which means if you want to buy a house there you're probably gonna have to plop
down at least seventy thousand dollars from June to November of 2022 real estate prices
in Utah dropped almost three percent they are predicted to drop another two percent in 2023.
number five Massachusetts the bay state is extremely expensive especially when you get in
the Boston metro area it's actually considered brutal as far as prices go Boston is just like
you know the better parts of Los Angeles the better parts of San Francisco and Manhattan
and New York they just have a lot more history and cool things to see in Boston in my opinion
but the median home price in Massachusetts at the end of 2022 was 559 thousand dollars that
means if you want to buy a house there you got to be ready to plop down about 73 000 in 2022 prices
dropped about two percent and it's predicted in 2023 it'll fall another four percent overall
number four Colorado the Centennial state is expensive and it's going to continue to
get expensive maybe this is another state that might organize a hate group towards Californians
when I first started this channel that was the group of people that I first noticed were just
like anti-californians don't come here we're full especially if you're from California I talked to a
guy that works in Aspen during the winter I don't know how true it is but he said a majority of the
homes owned in Aspen are second homes for people from California like that or Silicon Valley type
people I have no proof of that I just thought it was very interesting he had some exact numbers but
I don't know I wouldn't doubt it's a little true maybe not as bad as he presented it but I'm sure
that's a problem the median listing price at the end of 2022 in Colorado was 559 838 dollars that's
brutal especially for a state in the middle of the freaking country that means also you gotta
pop down about 73 000 72 778 to be exact from June to November of 2022 two real estate prices
in Colorado drop by 1.7 percent and it looks like they might lose an additional two percent in 2023.
number three Washington Washington is a state a lot of people move to now this is a really weird
one whenever I bring up how they are always at the top of the list as one of the best states to
move to there's like this group of people from Washington that just think it's hell on Earth
it is not if you think Washington is that bad of a state you've never been out of Washington
there are far worse states to live in they don't have a state income tax and these people always
say well they have other taxes yeah just like every other state Oregon doesn't have a sales
tax but they stick it to us in other areas like our property tax things like that New
Jersey and California just tax you like it is ridiculous how much New Jersey and California
tax people if they were a business they would have folded years ago because it's like every
week they're just raising the prices raising the prices want a cheeseburger 13.75 but it was nine
dollars yesterday yeah it's 13.75 today that's how California and New Jersey operate with their
taxes the median home price in Washington at the end of 2022 was 595 five thousand seven hundred
thirty two dollars that means if you want to buy a home there your 13 down payment would
be seventy seven thousand four hundred and forty five dollars yeah that sucks from June to November
2022 real estate prices in Washington dropped by just under two percent and it's estimated
they'll drop almost four percent in 2023. if you wanna buy a decent home on the west side
of the state most areas are on Seattle Tacoma and stuff like that bare minimum you're gonna pay six
hundred fifty thousand dollars that's basically for an older house if you want something newer
it's gonna be a million dollars easily that's Seattle metro area that's like you're starting
money almost you go to the Eastern side you could find homes decent ones for three hundred thousand
so if you are thinking about Washington the Eastern side might be a better plan
number two California now the last two states on this list are ridiculously expensive California
being one of them now Washington was 595 000. we've jumped completely over the 600 000 area
and got deep into the 700 thousands California's real estate prices are extremely expensive and
they have been for a very very long time if anyone tells you they're not and you should
move to California they're not your friend there used to be a commercial back in the 1980s that was
designed to get us all off drugs and it was all friends don't let friends do drugs they also had
it for friends don't let friends drive drunk there should be a new one friends don't let friends go
anywhere near California the median listing price at the end of 2022 in California was 760 thousand
dollars you gotta have almost a hundred thousand dollars for a down payment on that type of house
it would be 98 904 from June to November 2022 California's real estate prices dropped by 3.7
percent it's estimated that 2023 they're gonna lose five percent California's at that point where
prices can only go down I mean they've gotten far too expensive the state isn't that appealing
anymore people are flooding out of there now to be fair people are still flooding in but like I
said in a recent video for the first time in its history they've actually lost a small percentage
all right before we get to number one there is a link for home and money in
the description area below if you're thinking about moving to another state
another city there's a link in there that will help you get in touch with
a real estate agent in whatever area you want to move to all right on to number one
and number one Hawaii if you ever seriously think about moving to Hawaii there's some things you
should know about number one it's beautiful number two a lot of places are really crowded
number three it is terribly expensive number four sell your house in Iowa and just buy one for cash
and Hawaii is delusional and number six learn how to count because five comes after number
four if you didn't get that one hit that rewind 10 seconds and let's do it again maybe it'll
make sense then but if you want to move to Hawaii you're gonna be plopping down some serious change
for a home if you want to buy one might as well rent is terribly expensive there too the median
listing price in Hawaii is 848 926 dollars so your down payment would be somewhere around
one hundred and ten thousand dollars the reality is you're probably Gonna Wanna Have around 150
000 because most homes are upwards of one million dollars 1.2 something like that I mean run down
neighborhoods in Hawaii the homes there are going for nine hundred thousand dollars I got my eye on
this one in Honolulu that's 6.5 million dollars and I'll tell you what I'm gonna keep my eye on
it because that's all I can do I'll never be able to afford that to be fair though if you find some
not so great neighborhoods that are Inland a bit you're still going to be looking around 650 to 750
000 these are older homes that probably need a lot of work and your neighbor probably runs an
illegal Chop Shop out of his backyard from June to November 2022 real estate prices dropped about
four percent in Hawaii and it looks like 2023 they're gonna drop an additional four percent
that's the prediction all right that's today's video hope you guys enjoyed it
hope you got some information of it now go out have a great day be nice to each other