This is a partial transcript from "Your World with Neil Cavuto," December 22, 2005, that was edited for clarity.

DAVID ASMAN, GUEST HOST: If you can't afford a home, you are not alone, homeownership now out of reach for many Americans. A gauge known as the housing affordability index is at its very lowest level in 14 years.

But don't lose hope. There are still places you may be able to afford that you don't know about.

My next guest does know about them. She's Barbara Corcoran, founder of the Corcoran Group.

Great to see you, Barbara.


CAVUTO: So, not Manhattan, right?

CORCORAN: Oh, certainly not. In fact, the cities are the least affordable, particularly the coastal cities. People have been priced right out of...

ASMAN: So, either New York or California, forget about it.

CORCORAN: Forget it. Well, if you're rich, you shouldn't be forgetting about them. They're still a great bet. You're still going to make money.


CORCORAN: And you're still going to live in a luxurious place.

ASMAN: But, for most of us, where do we go?

CORCORAN: Well, there's a lot of good cities.

I think the top five, right now, in terms of affordability — may I read my list?

ASMAN: Sure.

CORCORAN: Oxford, Mississippi; Phoenix, Arizona.


CORCORAN: Long Island City, New York, which is just south of New York City.


CORCORAN: Jacksonville, Florida, and, of course, Portland, Oregon, if you like rain and green gas.

ASMAN: Now, can you talk about generalities? I mean, how — what price range are you talking about here?

CORCORAN: Well, I think anything right now that's priced under $190,000 for an average home in a community is unusual. And that's where...


CORCORAN: What you will find in Jacksonville, Mississippi...


ASMAN: For $190,000, you can get what kind of a place?

CORCORAN: A big house with three bedrooms, great condition, not the kind of house you're going to apologize to as you invite your family over.


CORCORAN: And, if you really want to splurge and you want get a rambling house, of course, if you go to Oregon, you're going to find a giant house for still under $220,000.

ASMAN: Now, Barbara, I have got to go off topic for a second. Donald Trump wants to fire you.


ASMAN: He has a problem with you. He calls you insane, because he says you doesn't owe you any money. There's what he said: "Barbara Corcoran is owed money. And she will get it when I get it. This is all a cheap publicity stunt."

What is all this about?

CORCORAN: I don't think I'm that desperate for publicity.

And Donald, of course, likes to take money, as many of us do, and doesn't like to pay it. Of course, he owes $2 million, or $1.7 million, to be exact. It was promised. We saved his life 11 years ago. We saved him from bankruptcy.

ASMAN: He has been in bankruptcy before.

CORCORAN: Well, only because of the deal we made, he didn't get into bankruptcy.

So, we sent him seven wealthy Chinese people, who saved the man's butt. And he said, please, wait for the commission. Just wait for the commission.

We said, OK. We know you can't afford it.

And now that it's due, that he has sold a big chunk of his equity, he can't remember quite who he owes the money to.

ASMAN: Oh, man.

CORCORAN: Not a very nice thing to do.

ASMAN: All right. Well, we will see how this plays out.

Barbara Corcoran, great to see you.

CORCORAN: My pleasure.

ASMAN: Thanks very much.

Content and Programming Copyright 2005 FOX News Network, L.L.C. ALL RIGHTS RESERVED. Transcription Copyright 2005 eMediaMillWorks, Inc. (f/k/a Federal Document Clearing House, Inc.), which takes sole responsibility for the accuracy of the transcription. ALL RIGHTS RESERVED. No license is granted to the user of this material except for the user's personal or internal use and, in such case, only one copy may be printed, nor shall user use any material for commercial purposes or in any fashion that may infringe upon FOX News Network, L.L.C.'s and eMediaMillWorks, Inc.'s copyrights or other proprietary rights or interests in the material. This is not a legal transcript for purposes of litigation.