Monday, October 4, 2010

Paradise has its price


I can't stand the show, but my wife likes to watch House Hunters on HGTV. If you've never seen it, each half-hour show profiles a couple while they're shopping for a house. They look at three houses and then decide. (I'm sure they look at lots more houses, but the show only follows them as they look at three.)

House-buying is one of life's biggest headaches, if you ask me. I like living in a house, I like working on my house, I take pride in my house. But buying it is just a big chore, and I don't know why anyone would want to watch a TV show about it. Might as well have a TV show called "The Root Canal Hour."

That said, it was on the other night, and the profiled couple was looking at houses in Hawaii. I was shocked at the prices -- $900 grand for a shabby little thing!

So this article from Pacific Business News caught my eye. It confirms what I saw on House Hunters: Hawaii has nation's highest property values.

The article, based on the latest American Community Survey data, says the median value of a home in Hawaii is $517,600. Guess that's the price of living in paradise.

Delaware ranks 14th in that list, with a median home value of $249,400. That's more than six times the price of my first house, but seeing the price of Hawaii's houses takes a little bit of the sting out of it all.

The cheapest place to live is West Virginia. It has a median home value of $94,500. Little pink houses for you and me.

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