Connect with us

Mississippi

For the last 10 years, this Mississippi city outperformed most of country when it comes to buying million dollar properties – Magnolia State Live

Published

on

For the last 10 years, this Mississippi city outperformed most of country when it comes to buying million dollar properties – Magnolia State Live


For the final 10 years, this Mississippi metropolis outperformed most of nation on the subject of shopping for million greenback properties

Revealed 5:49 am Monday, November 21, 2022

Ten years later, one Mississippi metropolis continues to be one of many nation’s finest offers on the subject of property costs.

It’s no secret that property costs aren’t as low-cost as they was once. There are numerous elements behind this, however the major one is inflation.

Advertisement

Over time, inflation on account of the Nice Recession in 2007, and the following housing market crash, have led to elevated property costs. This has been furthered by urbanization, i.e. the extra built-up an space will get – with the addition of colleges, malls, and different facilities – the better the property worth turns into. However simply how a lot has the property market modified within the final decade?

To search out out simply how a lot costs have elevated, our funding skilled right here at ibrinfo in contrast what number of sq. toes (sq. ft) of property $1 million {dollars} might get you in 2012 and 2022.

We checked out value statistics taken from Zillow and Redfin for the highest cities in all 50 states – to research how a lot property values have modified in a decade. We additionally needed to establish which cities have been the costliest when it comes to shopping for actual property at the moment and a decade in the past.

Whenever you consider one million {dollars}, it looks like some huge cash that ought to final ceaselessly. In actuality, although, the outcomes of our analysis would possibly simply shock you.

Methodology
We collated an inventory of the largest cities in every US state, utilizing figures from Wikipedia and World Inhabitants Overview. We then used information on costs per sq. foot of property taken from Zillow and Redfin, evaluating figures from the primary 8 months of each 2012 and 2022 for a fairer comparability. The information was collected in October 2022 and used the most-recently accessible information on the time of writing.

Advertisement

Dwelling costs per sq. foot elevated significantly inside a decade

Over the course of a decade, property costs have seen some dramatic adjustments. It’s protected to say that $1 million {dollars} doesn’t go so far as it used to in actual property worth, and the quantity of property you should buy is now considerably lower than it was in 2012. Main financial occasions, equivalent to the worldwide monetary crash in 2008, have triggered the property market to endure within the long-term, leaving potential owners nonetheless bearing the brunt of elevated costs in 2022.

Throughout the info collected on this examine, we discovered that nearly each metropolis within the US has seen property costs enhance over the last decade between 2012 and 2022, providing much less sq. footage of property per $1 million {dollars}.

What number of sq. toes was $1 million {dollars} value a decade in the past?

Actual property apart, cash undeniably went additional 10 years in the past than it does at the moment. Utilizing the info we collected, we calculated the sq. footage of property that you possibly can purchase with $1 million {dollars} for every of the largest cities in all 50 states in 2012.

Advertisement

Our analysis discovered that probably the most inexpensive metropolis in 2012 was Jackson, Mississippi. This metropolis supplied a beneficiant 33,333 sq. toes of property for $1 million {dollars}, considerably greater than another metropolis on the record. In final place on the record was Newark, New Jersey – offering an ample quantity of property at 13,810 sq. ft.

Curiously, some main cities appeared on this record. Las Vegas, Nevada is a big vacationer attraction – but town was comparatively good worth for cash in 2012, with $1 million {dollars} getting you 14,493 sq. toes of property.

How a lot property can $1 million {dollars} get you in 2022?

The US has seen the knock-on results of the 2007 Nice Recession for the previous ten years, alongside seeing 3 presidents in-office – one among which being controversial determine Donald Trump. Monetary instability and political impacts have led to actual property inflation, making property extra beneficial since 2012.

Having established one of the best and worst value-for-money cities in 2012, we used the info collected to do precisely the identical for cities within the US in 2022.

Advertisement

We calculated the costs of property per sq. foot to find out which cities have been the finest value-for-money in 2022:

Immediately, you’ll discover that the 2012 top-value metropolis, Jackson, Mississippi, has solely fallen to 2nd place within the up to date 2022 rating. This Mississippi metropolis presents 11,111 sq. toes of property per $1 million {dollars} – considerably lower than its former quantity in 2012, however nonetheless a reasonably large determine within the 2022 rankings.

In first place for 2022, Detroit, Michigan presents 14,545 sq. ft of property for $1 million {dollars}. Curiously, the highest spot in 2022 is simply barely greater than the bottom spot in 2012 – highlighting a drastic enhance in property worth.

As soon as once more, we used the identical information to calculate the highest ten least value-for-money cities in 2022:

For the complete report click on right here. 

Advertisement

 



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Mississippi

Ex-official in Mississippi is treated for gambling addiction amid embezzlement charge, lawyer says

Published

on

2 Phoenix officers shot with 1 listed in critical condition, police say


JACKSON, Miss. (AP) — A former tax assessor and collector in north Mississippi checked into a residential treatment center for a gambling addiction after he called the state auditor’s office and confessed to misusing more than $300,000 in public money, his attorney said Tuesday.

Shannon Wilburn, 49, resigned in April from the elected office he had held in Benton County since 2016, and he began the 12-week addiction treatment in late July, his attorney Tony Farese told The Associated Press.

“I’ve known Shannon all of his life,” Farese said. “We are shocked that he finds himself in this situation.”

Mississippi Auditor Shad White announced Tuesday that Wilburn has been charged with one count of embezzlement. The announcement came days after Wilburn was indicted. Farese said Wilburn turned himself in to the sheriff’s office Friday, then posted bond and returned to the treatment program.

Advertisement

Wilburn is accused of taking $327,055 paid to the Benton County Tax Collector’s office and using the money for personal expenses, Farese said. He said Wilburn confessed to the auditor’s office before hiring legal representation and has continued to cooperate with investigators.

“He apologizes for disappointing the citizens of Benton County and the state of Mississippi,” Farese said.

If convicted, Wilburn would face up to $5,000 in fines and 20 years in prison.

White said Wilburn’s employment as a Benton County elected official was covered by $200,000 in surety bonds to protect taxpayers from losses from corruption. The county also has an insurance policy that covers theft.

“The dedicated team at the State Auditor’s Office will continue to work closely with prosecutors to get record results, one case at a time,” White said in a statement.

Advertisement





Source link

Continue Reading

Mississippi

Vicksburg’s Raymond Elledge set to enter Mississippi Disc Golf Hall of Fame – The Vicksburg Post

Published

on

Vicksburg’s Raymond Elledge set to enter Mississippi Disc Golf Hall of Fame – The Vicksburg Post


Vicksburg’s Raymond Elledge set to enter Mississippi Disc Golf Hall of Fame

Published 4:30 pm Tuesday, September 3, 2024

During two decades of playing disc golf, Raymond Elledge has only won one big tournament.

“I don’t even remember what year it was,” he said.

Advertisement

Nonetheless, Elledge is a legend in the sport in Mississippi. He’s worked tirelessly to maintain courses, been a member of several local and state players associations, and taught people young and old the joys of it. That level of dedication led to Elledge’s recent election to the Mississippi Disc Golf Hall of Fame. He’ll officially be inducted Oct. 12 in Starkville.

“When he first told me last year I was nominated, I told him, ‘Man, you’re making my heart hurt.’ You don’t realize the emotions you can get. Stuff can just tear you up, and it did because I was just so excited,” the 62-year-old Vicksburg resident said. “You go years and years, and you’re out here busting your butt trying to maintain the course and showing everybody what you can.”

Disc golf is played the same as traditional golf, except with plastic discs that resemble frisbees. Players take aim at a steel basket several hundred yards away, with the goal of getting it in there in as few throws as possible.

Elledge first played disc golf in 2002, on a private course built in the backyard of Vicksburg resident Herman Cochran. One of the people playing with Elledge made a hole-in-one, and the excitement over the feat hooked him instantly.

“I seen this little old fella, he was 21 or 22 but he looked like he was 12, and he made an ace. I was hooked. I’ve got to do it,” Elledge said. “I don’t go anywhere on vacation without taking my disc golf bag. I just love the game.”

Advertisement

Elledge added that the simplicity of the sport is something he enjoys. A starter kit of three discs — a driver, mid-range disc and putter, all of which have different densities and flight characteristics — can be purchased for about $25.

The courses are easily found at many parks in Mississippi. There is an 18-hole course at Halls Ferry Park. Players of all ages and shapes can play it as long as they can walk the course. Elledge had quadruple bypass heart surgery eight years ago and playing disc golf helps him stay in shape.

“It’s something anybody can do,” he said. “I’ve trained kids from 5 to 50, and the oldest one I’ve helped train to play this game is 71 years old now. He still comes out and plays. This is a sport that any age can play.“

With his passion for disc golf comes a sense of responsibility. He’s helped clear brush around parts of the Halls Ferry Park course to keep it playable, and done the same while working with associations like the Vicksburg Disc Golf Association and Jackson Union of Disc Golf Enthusiasts.

He’s also eager to teach the game to newcomers.

Advertisement

“I’ve never quit teaching how to play the game,” he said. “They used to have something called the World’s Biggest Disc Golf Weekend and I won it three years in a row. What it is, is whoever takes the most players out to a certain disc golf course gets the T-shirt and a disc.”

His service to the sport led to a nomination for the Mississippi Disc Golf Hall of Fame in 2023, but he didn’t make the final cut. This year he did, and he said it was better than winning any tournament.

“You play a lot of tournaments. You do a whole lot for the sport itself, such as numerous work days working on the course to maintain it. Teaching the kids and when we have tournaments helping move baskets around to new spots,” Elledge said. “Then somebody will nominate you and there’s a lot of votes from the clubs. If you get enough votes from everybody you’re in. You find out how much you’re appreciated by everybody for all that you’ve done.”

Advertisement

About Ernest Bowker

Ernest Bowker is The Vicksburg Post’s sports editor. He has been a member of The Vicksburg Post’s sports staff since 1998, making him one of the longest-tenured reporters in the paper’s 140-year history. The New Jersey native is a graduate of LSU. In his career, he has won more than 50 awards from the Mississippi Press Association and Associated Press for his coverage of local sports in Vicksburg.

email author
More by Ernest



Source link

Continue Reading

Mississippi

Arizona State vs Mississippi State picks, odds: Who wins Week 2 college football game?

Published

on

Arizona State vs Mississippi State picks, odds: Who wins Week 2 college football game?


play

The Arizona State Sun Devils host the Mississippi State Bulldogs in a Week 2 non-conference college football game on Saturday, Sept. 7 at Mountain America Stadium in Tempe, Arizona.

Which team will win the game?

Advertisement

Check out these picks and predictions for the game, which is scheduled to begin at 7:30 p.m. MST and can be seen on ESPN (stream with this free trial from FUBO).

Arizona State is coming off a 48-7 win against Wyoming. Mississippi State beat Eastern Kentucky in its season opener, 56-7.

ASU football is a 6.5-point favorite over Mississippi State in the game, according to BetMGM Sportsbook.

The Sun Devils are -250 on the moneyline. The Bulldogs are +200.

The over/under for the game is set at 56.5 points.

Advertisement

This is the first meeting between the two college football programs.

Dimers.com: Arizona State 30, Mississippi State 24

It writes: “According to our analysis, Arizona State is more likely to beat Mississippi State in CFB action at Mountain America Stadium on Saturday.”

Sports Chat Place: Bet ASU football to cover vs Mississippi State

It writes: “I’m going with Arizona State. This should be a fun matchup though, and you could make a case either way. The Sun Devils posted 499 total yards (241 rushing), 7.0 yards per play, 27 first downs and no turnovers in their blowout win Saturday. Defensively they were great as well with 118 yards allowed (78 passing), eight first downs, three turnovers and a 3-of-13 rate on third downs.”

Arizona State football predictions: Game-by-game picks for Sun Devils in 2024 season

Advertisement

Picks and Parlays: Arizona State 35, Mississippi State 21

Cameron Ross writes: “Both teams come in a week two undefeated as each will look to continue to roll. Arizona State will have the edge however as they are on their home field and have a top tier defense. Look for the Sun Devils to keep it rolling as they pick up a win and cover at home against the SEC opponent.”

Clarion Ledger: Arizona State 27, Mississippi State 26

Sam Sklar writes: “This game kicks off at 9:30 p.m. CT against an Arizona State team that should be improved under second-year coach Kenny Dillingham. The Sun Devils offense averaged just 17.7 points per game in part due to injuries at quarterback and offensive line. Redshirt freshman transfer Sam Leavitt is ASU’s new quarterback.”

ASU football schedule: Dates, times, TV channels for Sun Devils’ 2024 season

ESPN: Sun Devils have a 56.5% chance to defeat Bulldogs in Week 2

The site’s matchup predictor gives Mississippi State a 43.5% chance to beat Arizona State at Mountain America Stadium in Tempe on Saturday.

Advertisement

STREAM THE GAME: Watch ASU football vs Mississippi State live with FUBO (free trial)

We occasionally recommend interesting products and services. If you make a purchase by clicking one of the links, we may earn an affiliate fee. USA TODAY Network newsrooms operate independently, and this doesn’t influence our coverage.

Reach Jeremy Cluff at jeremy.cluff@arizonarepublic.com. Follow him on X, formerly Twitter @Jeremy_Cluff.

Support local journalism: Subscribe to azcentral.com today.





Source link

Advertisement
Continue Reading

Trending