After watching too many HGTV shows where prospective first-time homebuyersare parades through $400K shacks in Los Angeles, Toronto and Chicago without even batting an eye, I'm curious as to whether there are any decent, yet still affordable neighborhoods in North American metro areas that are otherwise known for expensive real estate prices.
I'll give an example, but it's a decade old: in 1999, I bought a bungalow in the West Highlands/Berkeley neighborhood in northwest Denver. At the time, Denver was experiencing a real estate boom, and while the suburbs remained more-or-less affordable, almost every decent neighborhood in the city proper had real estate prices in the stratosphere - except parts of Northwest Denver, where one could still pick up a decent, architecturally interesting house in the $150K range.
Not too long ago, I saw another "first time homebuyer" show on HGTV, where a young couple were being shown houses in the $250K range in Northwest Denver. They were all shacks, in much worse condition than the fixer-upper bungalow I bought a decade ago. I'm under the impression that ALL of metro Denver is unaffordable to mere mortals now, except maybe the far eastern fringes of Aurora where one might be closer to the Kansas state line than downtown Denver. True?