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Everything from low demand to population declines can make a city not desirable to real estate investors.
GOBankingRates reached out to finance experts to get their takes on the worst cities to buy homes in.
Read on to find out why these cities are problematic.
Home prices are sky-high over $1.3 million in many cases but demand isnt what it used to be.
Its difficult to support the buy unless its purely for a lifestyle decision.
The high prices for properties costing at least $800,000 fail to deliver attractive rental returns, Kindness added.
An initial appearance of profitability through property analysis becomes unprofitable upon total expense calculation.
Chicago, Illinois
Property taxes are high in Chicago.
Paired with a pricey mortgage, owning a home in Chicago can be cost-prohibitive.
Residential property taxes in Chicago rank among the highest nationally, Kindness commented.
The decreasing population negatively affects the local demand levels.
Kindness added that because prices have gone up so quickly, theyre liable to crash just as quickly.
Its unpredictable and very sensitive to market hype, he said.
Austin, Texas
Kibbel cautioned against buying Austin because of the high property taxes.
The biggest surprise for most of my clients is the property tax load in Texas, he said.
It negates most of the benefit.
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