My Secret Formula to Determine Housing Affordability - Financial Freedom, #167 - E-book - ePub

The housing market seems unaffordable to most. However, there are pockets of hidden gem cities that we can potentially go to buy a home. But how do you find these miracle cities? I like to use a method combining Zillow rent and military housing prices. Once you find a place where the military pays "more" than the average rent prices, you use your mortgage calculator. In a perfect world, your mortgage would be much lower than the rent estimate, plus the average military couple could afford the rent. This means the average hard-working couple could afford to rent your house, and you would still earn positive cash flow.
It's exciting, and I have made it work for me. Good Luck.