A city that was once meant to compete with Chicago as the economic capital of the Midwest, the city has flung off its Jerry Springer days and made a significant push for re-gentrification. While the trend across the state has been fairly stable, Cincinnati has been at the top of the growth spectrum. Some areas are still struggling with the mortgage crisis more than a decade later, however, and foreclosures remain a problem. Despite the popularity of these three cities, and other cities like Akron, Dayton & Toledo, home prices are very reasonable, and median incomes do a good job of paying for real estate. buy decision.The state of Ohio has the three C's: Cincinnati, Columbus, and Cleveland. You should consider all these factors, especially when making a rent vs. Some expenses (e.g., property taxes, homeowner's insurance etc.) will continue even after you have paid off your loan. If you opt for ARMs, your mortgage interest rates (and monthly payment) will change over time. Some of the recurring expenses will change over the lifetime of home ownership due to home value changes, inflation and other factors.
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