From Yahoo Finance: 2025-04-26 13:01:00

Buying a home can be a solid investment, but some cities have real estate markets that make it hard to come out on top financially. Check out the 4 housing markets that have plummeted in value over the past 5 years. Finance experts reveal the worst cities to buy homes in.

High prices and a mass exodus of residents make San Francisco a dubious city to buy property in. Home prices are over $1.3 million, demand is low, and population is declining.

In New York City, homes are still incredibly expensive, with high property tax rates and slow population growth. Mortgages aren’t the only high price investors will pay.

In LA, high property prices fail to deliver attractive rental returns, making it harder for investors to make money in the rental market.

Chicago’s high property taxes, paired with pricey mortgages, make owning a home cost-prohibitive with minimal market value increase.

Miami is a hot real estate market, but investors might not realize the flood risk, with flood insurance costs rising and potential for quick price crashes.

Austin’s high property taxes surprise buyers, negating the benefits of no state income tax with significantly higher local taxes.

Overall, some cities like San Francisco, New York, LA, Chicago, Miami, and Austin pose challenges for real estate investors due to high costs, declining populations, and other factors.



Read more at Yahoo Finance: Why You Should Never Buy a House in These 6 Cities