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Home Buying in McAlester : Real Estate Advice

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Mon Jan 28, 2013
Bill.E.Davis answered:
In this case, the master and one bedroom are on one side and a separate bedroom (and bath) are on the other, near the garage. Sometimes referred to as a 'mother-in-law' bedroom. BTW, there are 3 baths, not 2. ... more
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Sat Aug 22, 2009
Chalice Phillips asked:
I have noticed on many of my favorite homes that the price has disappeared but the house is still available to view. Does that mean that the house has sold or the listing time has just ran…
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Sun Jun 1, 2008
Phil answered:
Well I'm not a real estate expert. I have lived in Mcalester for over 20 years, and have experienced trying to buy a house here the last few years. The first thing I would tell you is that housing costs here are way out of wack when compared to the incomes. When you see the housing prices, when compared to other places, they will seem reasonable. But when you compare the median incomes here, to other parts of the state and country, they are considerably lower. I know of several people, with professional incomes, that can't afford to live in Mcalester. I know several people that have moved here from OKC and Tulsa that told me the rent here was twice what it would be there for the same type of property. I was told once by a loan officer at a local bank, that housing had gone 50% per square foot in the last 10 years. Incomes have gone up less than 10% in that same time frame. The local home builders/realtors have pretty much created this situation by the types of housing they have chosen to build. The larger the home, the more profit margin they have. If you can afford a 4 to 5 thousand square foot home you are okay. If you can't, you are going to have problems. One of the complaints local economic development agencies have, when it comes to recruiting new industry, is a lack of affordable, livable, middle income housing. Companies won't relocate here because their employees can't afford housing. My advice to you would be, if you can't afford to build your own house, I wouldn't move here. ... more
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