MovieChat Forums > Flip or Flop (2013) Discussion > $150,000 in Cincinnati

$150,000 in Cincinnati

posted 9 years ago by jabell
8 replies | jump to latest

Last night on House Hunters, right after I saw Tarek & Christina pay $260,000 for an absolute wreck of a house, I saw a couple look at three gorgeous houses with garages, three bedrooms, two bathrooms, even an upstairs laundry room in one. Fireplaces in all of them as well. I realize that Cincinnati doesn't have California's beautiful weather, but it has professional sports teams, major universities, museums, a symphony orchestra, parks, restaurants, theaters, and they used to have a ballet company (they may still have it).

Boo Hoo! Let me wipe away the tears with my PLASTIC hand!--Lindsey McDonald (Angel)

[–] Kompressor_Fan 9 years ago

What California has at the moment is a bubble market in real estate. Everything is priced far beyond what it is worth. Bubbles always burst eventually, leading to crashes in prices.

Cincinatti has a normal, stable market.

[–] jeffhartley 8 years ago

What California has at the moment is a bubble market in real estate. Everything is priced far beyond what it is worth. Bubbles always burst eventually, leading to crashes in prices.

I confess that I'm not completely up on the Southern California housing market and drivers of the demand.

If the high prices are being supported and driven by true demand, then it's probably not just a bubble. I agree that if the true driver is speculation, then is probably is a bubble.

Places like NYC, Chicago and most of California have had comparatively very high housing prices for generations. The value of a house in North Carolina really can't be used to access the value of house in California.

[–] Kompressor_Fan 8 years ago

Word is that the California bubble is being driven by foreign speculation.

[–] stevenl-5 8 years ago

Anything outside California is cheaper.

[–] poordogabone-1 8 years ago

Not the DC metro area.

I'd like to be a pessimist, but this is a luxury I cannot afford.—Joseph of Cordoba

[–] ludances 8 years ago

^ I don't know if this is the same thing, but many homes in SoCal especially, are bought by foreign investors, or people moving in from out of the country with cash. It can make it hard on locals who are financing. It's not ideal, it helps to drive prices up. The CA housing market bubble is high right now, hopefully prices drop within the year.

One of CA's biggest assets can also be a problem, the weather, it attracts millions of people from other states and countries. The high demand for housing also drives the prices of homes up.

As a native of SoCal, I'm freezing in anything below 70 degrees. Your body just adjusts to the mild temps here. If I moved to Cincinnati or any part of the Midwest, I know I could get more bang for my buck, but I would definitely miss my lifestyle here.

Again, just a matter of preference.

Knock if off Napolean make yourself a dang quesadil-la!
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[–] ChrisCuda 9 years ago

You can't compare a small city to LA or NY, sorry. Of course it's going to be a ton cheaper. First rule of real estate is always location.

[–] ludances 8 years ago

^ 100% agree. LA and the greater LA area are in high demand, even with all the crazies here. 

Knock if off Napolean make yourself a dang quesadil-la!
