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Old 01-31-2017, 05:28 PM
 
3,531 posts, read 1,773,866 times
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If you don't plan to buy a house for 1-2 years is it better to settle in a place like Cincinnati or Pittsburgh instead of Raleigh or Nashville (if you work in a nationwide field)? Since the former cities are at the beginning of buzz, I would guess that means that the home prices/ future job growth would be better than the cities that are well into the explosion.
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Old 01-31-2017, 06:05 PM
 
Location: Pittsburgh
3,145 posts, read 2,826,606 times
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You also want to look at taxes if you are interested in buying a house. The Southeast will provide lower property taxes. Get in before the buzz. Most are priced out of our trendy areas in Pittsburgh. Many wished they had purchased property 5+ years ago.
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Old 01-31-2017, 06:19 PM
 
Location: Nashville TN, Cincinnati, OH
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Cincinnati has never been a Rust Belt town, it has a extremely diverse economy just saying.
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Old 01-31-2017, 06:21 PM
 
29,919 posts, read 27,355,630 times
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Quote:
Originally Posted by Vanderbiltgrad View Post
Cincinnati has never been a Rust Belt town, it has a extremely diverse economy just saying.
Cincinnati is like Rust Belt-lite. It had a big manufacturing base like other Midwestern and Northeastern cities but never hollowed out like Pittsburgh and Detroit.
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Old 01-31-2017, 06:24 PM
 
Location: In the heights
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If you're that open to moving around, then go where your best job prospects are for your skill level, sector, and employment history.
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Old 01-31-2017, 06:38 PM
 
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Originally Posted by OyCrumbler View Post
If you're that open to moving around, then go where your best job prospects are for your skill level, sector, and employment history.
I work in health care and the salary range isn't huge enough to base the move since I find it relative to the COL.
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Old 01-31-2017, 06:43 PM
 
3,531 posts, read 1,773,866 times
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Originally Posted by bluecarebear View Post
You also want to look at taxes if you are interested in buying a house. The Southeast will provide lower property taxes. Get in before the buzz. Most are priced out of our trendy areas in Pittsburgh. Many wished they had purchased property 5+ years ago.
I'm trying to figure out where the buzz will be in 5 years. Seems like everywhere has buzz!
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Old 01-31-2017, 07:12 PM
 
3,961 posts, read 3,490,733 times
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Quote:
Originally Posted by Mutiny77 View Post
Cincinnati is like Rust Belt-lite. It had a big manufacturing base like other Midwestern and Northeastern cities but never hollowed out like Pittsburgh and Detroit.
What's the threshhold for being hollowed out? Cincinnati hasn't had the fallout Detroit has. It's not exactly the poster child for a comeback from a data standpoint either.

Detroit Peak: 1,849,568
Detroit Now: 677,166
Difference: -1,172,402
Loss since peak population: -63.4%

Pittsburgh Peak: 676,806
Pittsburgh Now: 304,391
Difference: -372,415
Loss since peak population: -55%

Cincinatti Peak: 503,998
Cincinatti Now: 298,550
Difference: -205,448
Loss since peak population: -40.8%

Last edited by mjlo; 01-31-2017 at 07:30 PM..
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Old 01-31-2017, 07:16 PM
 
56,593 posts, read 80,870,855 times
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Quote:
Originally Posted by bluecarebear View Post
You also want to look at taxes if you are interested in buying a house. The Southeast will provide lower property taxes. Get in before the buzz. Most are priced out of our trendy areas in Pittsburgh. Many wished they had purchased property 5+ years ago.
Also look at home prices for similar homes as median home prices may actually be higher in some Southeastern areas. https://www.nar.realtor/topics/metro...-affordability

http://www.nahb.org/en/research/hous...ity-index.aspx

http://www.nahb.org/~/media/Sites/NA...316.ashx?la=en

http://www.nahb.org/~/media/Sites/NA...316.ashx?la=en

http://www.nahb.org/~/media/Sites/NA...316.ashx?la=en
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Old 01-31-2017, 07:40 PM
 
29,919 posts, read 27,355,630 times
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Quote:
Originally Posted by mjlo View Post
What's the threshhold for being hollowed out? Cincinnati hasn't had the fallout Detroit has. It's not exactly the poster child for a comeback from a data standpoint either.

Detroit Peak: 1,849,568
Detroit Now: 677,166
Difference: -1,172,402
Loss since peak population: -63.4%

Pittsburgh Peak: 676,806
Pittsburgh Now: 304,391
Difference: -372,415
Loss since peak population: -55%

Cincinatti Peak: 503,998
Cincinatti Now: 298,550
Difference: -205,448
Loss since peak population: -40.8%
I'm speaking economically. Most cities that didn't expand to include outlying suburban areas lost population so that's not surprising.
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