Quote:
Originally Posted by DetroitSky
Looks like there's a lot of new infill being built.
|
Yeah, a fair amount certainly as compared to the 1980s-2000s, when stuff in the city was still being torn down regularly while the suburbs boomed, but it is still only on the east side of the city. The west side is still relatively poor, although the prevailing price of a move-in ready home has doubled in the past 3-4 years from about $75,000 to about $150,000. That means that we might see new construction in areas where something new hasn't been built in literally 100 years.
It's nowhere on the scale of Nashville so far as scrape/new construction and cramming new $550,000 houses onto oddly-shaped lots next to cell phone towers. Cincinnati simply has
a lot more old houses to flip than Nashville, Austin, etc. since it was a Top 10 city through the 1950s.