Home plate: Which MLB player scores in their new housing market?
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Introduction
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Did Major League Baseball players who switched teams this off-season come out winners or losers in their new housing markets? We crunched the numbers to see how 9 notable players will fare with housing costs and mortgage rates in their new cities. To compare, we used the home prices from the National Association of Realtors fourth quarter 2010 survey (except Detroit, which comes from Realcomp) and the average mortgage rate in the fourth quarter of 2010, as surveyed by HSH.com. Median income for the cities was gathered from the U.S. Census. (Images from AP Photos) Who hit a home run in their new market? Read on…
1. Manny Ramirez
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Chicago White Sox to Tampa Bay Rays
Source: AP Images
Winner! In Tampa, Ramirez will pay $51,800 less for a home and his interest rate will be 0.17% lower. With his 2011 salary of $2 million, Manny could buy 15 median-priced houses in Tampa.
2. Johnny Damon
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Detroit Tigers to Tampa Bay Rays
Source: AP Images
Loser! In Tampa, Damon will pay $65,300 more for a home, but his interest rate will be 0.09% lower. With his 2011 salary of $5.25 million, Johnny could buy 40 median-priced houses in Tampa.
3. Jayson Werth
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Philadelphia Phillies to Washington Nationals
Source: AP Images
Loser! In Washington, Werth will pay $115,600 more for a home and his interest rate will be 0.04% higher. With his 2011 salary of $18 million, Jayson could buy 54 median-priced houses in Washington.
4. Carl Crawford
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Tampa Bay Rays to Boston Red Sox
Source: AP Images
Loser! In Boston, Crawford will pay $214,700 more for a home and his interest rate will be 0.13% higher. With his 2011 salary of $20 million, Carl could buy 58 median-priced homes in Boston.
5. Adrian Gonzalez
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San Diego Padres to Boston Red Sox
Source: AP Images
Winner! In Boston, Gonzalez will pay $35,100 less for a home and his interest rate will stay the same. With his 2011 salary of $22 million, Adrian could buy 64 median-priced homes in Boston.
6. Adam Dunn
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Washington Nationals to Chicago White Sox
Source: AP Images
Winner! In Chicago, Dunn will pay $147,700 less for a home, but his interest rate will be 0.12% higher. With his 2011 salary of $14 million, Adam could buy 76 median-priced homes in Chicago.
7. Cliff Lee
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Texas Rangers to Philadelphia Phillies
Source: AP Images
No decision. In Philadelphia, Lee will pay $77,200 more for a home, but his interest rate will be 0.03% lower. With his 2011 salary of $24 million, Cliff could buy 111 median-priced homes in Philadelphia.
8. Dan Uggla
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Florida Marlins to Atlanta Braves
Source: AP Images
Winner! In Atlanta, Uggla will pay $78,100 less for a home and his interest rate will be 0.08% lower. With his 2011 salary of $12.4 million, Dan could buy 114 median-priced homes in Atlanta.
9. Victor Martinez
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Boston Red Sox to Detroit Tigers
Source: AP Images
Winner! In Detroit, Martinez will pay $280,000 less for a home and his interest rate will be 0.04% lower. With his 2011 salary of $12.5 million, Victor could buy 189 median-priced homes in Detroit. |
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