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Old 07-27-2010, 11:28 AM
 
11 posts, read 12,789 times
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Know nothing about the area. A coworker has family in somewhere called Over the Rhine neighborhood. Another suggested a town called Covington in Kentucky. Any suggestions or advice?

Next question, how much house could you get for around $350,000? Inherited parents place and after expenses and fees should have that much in cash to buy. Salary would be almost $50,000. Very comfortable in Long Island, but getting expensive. Although I have never been west of Pittsburgh, may be a move I have to consider.
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Old 07-27-2010, 12:25 PM
 
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I live in Dayton and I know about Over the Rhine. It is a very rough neighborhood. Covington is a relatively small town that has some old and beautiful historic architecture. It also appears to have a fair amount of poverty. With that kind of cash (350K) you can live just about anywhere you want. I have family in Rhode Island and your real estate dollar goes way further here in the midwest. Do you have kids? If so, you need to worry about schools. Blue Ash, Indian Hills and Wyoming are nice suburbs that have good school systems. A lot of people who work in Cinci have also gone north to the Mason area. There are plenty of great places to live in and around Cinci with your budget and projected income. I'm sure the locals can help you out more than I. Good luck.
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Old 07-27-2010, 01:15 PM
 
Location: Cincinnati
3,341 posts, read 5,926,324 times
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Let us know if you like urban, suburban, rural etc.

Over the rhine is adjacent to downtown and is a transitional neighborhood. A staggering amount of money is being put into it though. In certain pockets homes are over $350k and in other places way under. It is an urban area, so you would be looking at a townhouse or condo of some type. You'd be in Cincinnati public schools and have your choice of very strong magnet schools including the country's only public K-12 school for the creative and performing arts and the (arguably) best high school in the state in Walnut Hills.

If you want the suburban life, that is an option to. Basically your options are wide open with the kind of budget you mention. So figure out if you want to live here and then let us know your parameters and we can steer you to a neighborhood.
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Old 07-27-2010, 02:29 PM
 
621 posts, read 1,052,942 times
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You really need to let us know more precisely what you're looking for. It's already been said, but I'll repeat it: For $350K, you can pretty much live wherever you want in the Cincinnati metro area, and get an exceptionally nice house with lots of room and land to go with it. Doesn't matter if you want an older home or new home, you will have no problem finding something very nice for that price. Cincinnati isn't nearly as expensive as Long Island, so if you were living in a bungalow there, be prepared to live in a much larger home here.

Let us know more about what you're looking for.
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Old 07-27-2010, 03:34 PM
 
Location: The Lakes
2,372 posts, read 4,452,159 times
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Your money will go much farther. Check into Newport, Covington, etc. on the Kentucky side. Low taxes, great bang for your buck. You could likely get a nice riverfront home... And the Ohio River is a beautiful one.
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Old 07-27-2010, 03:49 PM
 
Location: Mason, OH
9,259 posts, read 13,862,598 times
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If you are looking to spend the indicated amount in cash, I would look and look and then look some more. Number one, with today's interest rates I wouldn't even think of putting it all into a home. I would think of an accelerated mortgage period, 15 years or less. For the amount you are indicating, the skies the limit. As others have remarked, what are your preferences. You may be amazed at how broad your choices are compared to the east coast.
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Old 07-27-2010, 05:34 PM
 
Location: Temporarily in Pawtucket, R.I.
269 posts, read 654,756 times
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Quote:
Originally Posted by Strong Islanders View Post
Know nothing about the area. A coworker has family in somewhere called Over the Rhine neighborhood. Another suggested a town called Covington in Kentucky. Any suggestions or advice?

Next question, how much house could you get for around $350,000? Inherited parents place and after expenses and fees should have that much in cash to buy. Salary would be almost $50,000. Very comfortable in Long Island, but getting expensive. Although I have never been west of Pittsburgh, may be a move I have to consider.
I'm just surprised that you are living 'very' comfortably on a salary of $50,000 on Long Island. If you move here, you will be pleasantly surprised at how far your money will go.
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Old 07-27-2010, 05:49 PM
 
10,139 posts, read 23,295,544 times
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Quote:
Originally Posted by high mileage View Post
I'm just surprised that you are living 'very' comfortably on a salary of $50,000 on Long Island. If you move here, you will be pleasantly surprised at how far your money will go.
I am skeptical. Nassau and Suffolk counties are among the most expensive places to live in the U.S. Index numbers in the 145-150 range.
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Old 07-27-2010, 06:48 PM
 
Location: Temporarily in Pawtucket, R.I.
269 posts, read 654,756 times
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Quote:
Originally Posted by wilson1010 View Post
I am skeptical. Nassau and Suffolk counties are among the most expensive places to live in the U.S. Index numbers in the 145-150 range.
Exactly...Even as a single person, living on a $50,000 salary on LI would require a rather frugal lifestyle. It's doable, but there wouldn't be much money for recreation.
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Old 07-27-2010, 07:01 PM
 
10,139 posts, read 23,295,544 times
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Quote:
Originally Posted by high mileage View Post
Exactly...Even as a single person, living on a $50,000 salary on LI would require a rather frugal lifestyle. It's doable, but there wouldn't be much money for recreation.

Average house price there is 650k.

50k less NY and fed tax is maybe 3300/mo.

How does that work?
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