The 10 worst U.S. cities for homeowners

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Does your city feel like an ally or an adversary when it comes to owning a home?

To help prospective homeowners tell one from the other, Bankrate used data from a variety of sources link to the methodology to find major metro areas in the U.S. that put significant financial burdens on homeowners, oftentimes without providing a corresponding payoff when it’s time to sell.

“When households look to purchase a home, they’re going to look at many different factors that relate to the quality of the neighborhood, the amenities associated with the living environment, the expected appreciation of the home or lack thereof over the period of ownership, and many other factors,” says Stuart A. Gabriel, director of UCLA’s Ziman Center for Real Estate. “But, really, even before they can get to the consideration of any of those factors, the issue of affordability arises.”

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Ten years after the beginning of a housing crisis that would ruin the financial lives of millions of Americans, one thing is still clear: “Homeownership today has to be undertaken with a lot of caution on the part of households,” Gabriel says. “The whole intention of homeownership is that it’s sustainable, and if it isn’t, it’s not a good idea.”

Here are Bankrate’s rankings of the 10 major cities, based on metro areas as they’re defined by the U.S. Census Bureau, where finding that financially sustainable — and ultimately, beneficial — relationship with a new home can be the biggest challenge.