America’s Finest City scored poorly in a new study from personal finance website Bankrate that looked at the 50 biggest metros in the United States and ranked the best and worst metros for first-time homebuyers.
Metros were judged on affordability, job market, safety, culture, property taxes, days on market for homes, average commute times and homeownership rates. Metro San Diego scored seventh from last.
Bankrate said the worst places for first-time buyers are San Francisco and Los Angeles. The best are Pittsburgh and Raleigh.
“I think the story in San Diego is you are going to have to be both ready when the time comes to buy a home,” said Adrian Garcia, Bankrate data analyst, of the quick time homes sell, “and make compromises, and that might mean you move farther from the neighborhood you want to live in.”
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