Dayton Affordability

[SWOH]

^Ah, yes, now I see. You are right that placing a lot of money in a real estate investment is a bad deal.


Honestly, the way I see it you are crazy if you own a $1 million dollar or over house around here. Because those type of houses don't sell well. If you invest $125k in Huber Heights or $250k in Centerville, I would assume you could get it back if you made a reasonable home purchase, kept it clean, etc. But no, for the vast majority of places around here you won't make large returns on real estate investments, at least from what I understand of watching the local markets. Even if you bought an out-of-date Oakwood mansion and flipped it, you'd still probably have a reasonable sale price cap of around $2mil, no matter how nice it is.

Some areas (most of which now are in city limits) I think it is possible to make a good return on investment. So throw in $20k into a house and $50k in improvements/labor and flip it for $100k. South Park, St. Anne's Hill, Walnut Hills... these type of places this is happening. I'd say returns are possible, but we aren't a high-value market.