Quote:
Originally Posted by HuskerDu
I can't speak for Boston, but in Columbus there was no on-switch that was flipped followed by an immediate 200% price increase on renovated properties. There was a window of at least a decade of opportunity for those who wanted "in" at just the right time for them. The reason for this was because, much like Columbus, Cincinnati is populated with plenty of people who like to tuck themselves into cookie cutter suburban developments and will never take the opportunity, even at a discounted rate. That combined with a lack of any substantial gay community here in Cincinnati is another reason I don't expect any problems with finding a place easily once OTR has more to offer.
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As a former Broker, I think that Cincinnati screwed itself 10,000% over the last 2-3 decades by being so anti-gay (or at least not pushing back when the religious wackos tried to control the dialogue on gay issues).
If Cincinnati had a gay population comparable to Columbus, then OTR, Walnut Hills, and Northside would all be as renovated and pricey as Clifton Gaslight or Mt Adams now. ...the lawyers and rich college kids would be living in these neighborhoods, and the gays would have cashed out by now, moving on to renovate even more ghetto hoods (or retire to Palm Springs). This is what has happened in Columbus, Indy, Chicago, NYC, DC, Boston, Dallas...
Think about it... Thousands of dilapidated victorians in rough neighborhoods.... ....but no gays to restore the homes and make the neighborhoods trendy. This isn't to say that you have to be gay to renovate a victorian. But you do need a critical mass of people who have no desire whatsoever to live in a suburban neighborhood. In the neighborhoods renovated by gays, I'd say that 70% of the renovators were gay, and maybe 30% were the non-gay but urban types who went along with the renovations. Here in Cincinnati, we just have that 30% crowd struggling to bring back entire neighborhoods and the gays mostly skip town and work their magic somewhere else.
If you look at Columbus, German Village, Short North, Victorian Village, Harrison West... ...the gay community had everything to do with those neighborhoods becoming as expensive as they are now. Now they've moved onto Olde Towne East, Berwyck, Clintonville, and wherever else...