Author Topic: Gentrification News & Discussion  (Read 15589 times)

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Offline TBideon

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Re: Gentrification News & Discussion
« Reply #420 on: March 17, 2018, 11:20:16 AM »
Inventory is very tight. Only 13 SFH between $150-300 in Lakewood, for example.
« Last Edit: March 17, 2018, 11:24:03 AM by TBideon »

Offline KJP

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Re: Gentrification News & Discussion
« Reply #421 on: March 17, 2018, 12:16:14 PM »
It used to be (until last couple of years), that the only part of Lakewood where a house sold for $300,000+ was north of Clifton, close to the lake. Now it's the exception to find a Lakewood house listing for less than $300,000 anywhere in the city. A friend of mine is a realtor and another is house shopping. They've told me that when someone wants a house, they may have to offer MORE than the listed price in order to win it. It's crazy. And this is true for just about every listing north of Lorain Avenue in Cleveland, Fairview Park, and if course Lakewood and Rocky River.
"Treat this (November 2018) election as if it's the last election in which you can fully exercise your democratic rights. Because it just might be." -- Margy Waller.

Offline KJP

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Re: Gentrification News & Discussion
« Reply #422 on: March 17, 2018, 12:19:39 PM »
Inventory is very tight. Only 13 SFH between $150-300 in Lakewood, for example.

By the way, a friend of mine lives in a double off Hilliard at the west end of Lakewood. Her double and others like it on her street were sold in the upper 100s, gutted, turned into single-family for-sale homes, and resold for $300K to $400K.
"Treat this (November 2018) election as if it's the last election in which you can fully exercise your democratic rights. Because it just might be." -- Margy Waller.

Offline dastler

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Re: Gentrification News & Discussion
« Reply #423 on: March 19, 2018, 02:44:34 PM »
Have you looked at housing prices and short time spans that homes are on the market in the most dense, diverse, multicultural urban centers of this country?  Have you looked at housing prices and sale speeds in increasing numbers of Cleveland neighborhoods as well as densely developed areas of Lakewood and  Cleveland Heights? It's actually quite stunning. I've got lots of good material to write a very interesting blog about Greater Cleveland's urban housing market.

Any chance you could share the data Ken? I'm starting to look at purchasing a home myself and would like to get some more insight on the market. I'd love to fix up a house while I'm in it, purchase and renovate another home after the first is done, then move and rent out the first while I renovate a third, and repeat. I'm looking in Clark-Fulton and Stockyards mostly, but if the right home came up in Detroit-Shoreway or Ohio City I'd consider purchasing there as well. I'm mostly worried about dumping $30-50k into a home in some of these areas and then never getting any of that money back if I ever do sell. I think they'd cash flow pretty well in the $700-$1000/month range though, and with the Metrohealth campus upgrade along with investment in Clark-Fulton there might actually be some value appreciation. I think that neighborhood is ripe for the next wave of gentrification because of its proximity to Ohio City and Tremont. What do you think?

Offline Clefan98

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Re: Gentrification News & Discussion
« Reply #424 on: March 19, 2018, 02:55:57 PM »
^ Cudell

Offline KJP

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Re: Gentrification News & Discussion
« Reply #425 on: March 19, 2018, 04:41:01 PM »
Zillow is a very good resource. It's not perfect, but one thing I like about it is that it is map-based and you can use filters to refine what you're looking for. For example, if you want to do some bargain-hunting in or next to hot neighborhoods, set the filter to look only for foreclosures or homes meeting physical basics/amenities. What is also cool is that, if you zoom in close enough, it shows the approximate values for all residential properties and even some commercial ones.

Also, go on to the Cuyahoga County Sheriff's website to find homes up for auction. These are often best because they come out Sheriff auctions clean of liens and violations. One of the downsides of Zillow is that there are some for-sale-by-owner scammers on there who list properties they may not own or if they do, the properties are loaded down with back taxes, liens and violations and Zillow doesn't always list what they are or if they do, the fines aren't detailed.
"Treat this (November 2018) election as if it's the last election in which you can fully exercise your democratic rights. Because it just might be." -- Margy Waller.

Offline dastler

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Re: Gentrification News & Discussion
« Reply #426 on: March 19, 2018, 05:17:19 PM »
Cool, thanks for the advice guys!

Offline taestell

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Re: Gentrification News & Discussion
« Reply #427 on: April 10, 2018, 10:41:30 PM »
^ It fascinates me how there are homeless advocates (Josh Spring, cough cough) who vigorously campaign and fight gentrification and want to keep certain neighbohoods for the poor yet at the same time complaining that the neighborhood is poor and needs investment. You cant have it both ways.

At today's CPS school board meeting, Josh Spring apparently claimed that "you don't see kids playing in Washington Park anymore" which has gotta be one of the more blatantly false things that you can say about Washington Park. It's is packed with people of all ages and all races, all the time. Maybe not so far this year due to the unusually cold spring we're having. But to claim that the park has been gentrified and is no longer used by neighborhood kids is just absurd.

Offline Brutus_buckeye

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Re: Gentrification News & Discussion
« Reply #428 on: April 10, 2018, 11:19:07 PM »
^ Washington Park has been turned into an urban melting pot and something that should be considered the envy of many neighborhoods nationwide. Josh Spring may have a platform, but his voice should carry zero credibility anymore. He is nothing more than a blowhard.

Offline Matthew67

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Re: Gentrification News & Discussion
« Reply #429 on: April 10, 2018, 11:23:46 PM »
^ It fascinates me how there are homeless advocates (Josh Spring, cough cough) who vigorously campaign and fight gentrification and want to keep certain neighbohoods for the poor yet at the same time complaining that the neighborhood is poor and needs investment. You cant have it both ways.

At today's CPS school board meeting, Josh Spring apparently claimed that "you don't see kids playing in Washington Park anymore" which has gotta be one of the more blatantly false things that you can say about Washington Park. It's is packed with people of all ages and all races, all the time. Maybe not so far this year due to the unusually cold spring we're having. But to claim that the park has been gentrified and is no longer used by neighborhood kids is just absurd.

There's a perverse kind of self-hatred in Spring's 'career' against OTR's development. He has a romantic vision of himself as a kind of Robin Hood protecting the poor against the evil Lord of the Manor. I shows that he thinks he's better than the residents of OTR and that he is not somehow really one of them. What would he do without them?
« Last Edit: April 11, 2018, 11:44:02 AM by Matthew67 »

Offline Brutus_buckeye

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Re: Gentrification News & Discussion
« Reply #430 on: April 10, 2018, 11:30:30 PM »
^ He is a disciple of Buddy Gray a famous homeless advocate in Cincinnati who ran the drop in center and was a force in the city in the 70s and 80s and part of the 90s until he was gunned down. Buddy set OTR redevelopment efforts back 20 years because of his insistence to keep OTR as a haven for the poor and sought to prevent any development or opportunities to revitalize the neighborhood.  He wielded considerable more power than Spring does at that time. Plus, the movers and shakers of the town did not really focus on the benefits of developing OTR at that time and the benefits of a healthy downtown.

Spring came around trying to emulate him but the times had changed. Now instead of a voice of the homeless who can be part of the solution, he really has been reduced to a voice in the room with no credibility.

Offline jmecklenborg

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Re: Gentrification News & Discussion
« Reply #431 on: April 11, 2018, 10:19:56 AM »
I have a distinct memory of being bused down to Music Hall for a "lollypop concert" field trip in the 80s.  The buses from various schools parked in a long line on Elm St. along Washington Park.  We were told before we got off the buses that we weren't allowed to step into the park. 

Offline eastvillagedon

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Re: Gentrification News & Discussion
« Reply #432 on: May 11, 2018, 02:45:51 PM »
the happiest person in this story is undoubtedly the landlord. I think I only once met someone who lived in a cold-water apartment who paid less than $50/month, and that was almost 30 years ago. This building is located in the heart of Green. Vill. on a busy stretch of 6th Ave (@12th St.) which is one of the most expensive parts of NY! And I thought my apt. was a little spare. To say this woman was a little eccentric is to say the least--but hey, she must have been a Hillary supporter--see sticker on refrigerator .lol

A Manhattan miracle! Actress paid less than $30 A MONTH for her Greenwich Village apartment for 63 YEARS due to rent control clause (but shunned any renovations living without a bath, hot water or heat)

http://www.dailymail.co.uk/news/article-5715533/Manhattan-miracle-Woman-paid-28-43-rent-apartment.html#ixzz5FDRsaoUF

Offline YABO713

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Re: Gentrification News & Discussion
« Reply #433 on: May 11, 2018, 02:50:10 PM »
That's incredible!!! @eastvillagedon . I have a buddy living in Midtown paying $4200 for a 680 sq ft 1BR

Offline eastvillagedon

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Re: Gentrification News & Discussion
« Reply #434 on: May 11, 2018, 02:53:56 PM »
^that's outrageous. I assume he has heat.

Offline jws

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Re: Gentrification News & Discussion
« Reply #435 on: June 07, 2018, 03:34:11 PM »
^ Cudell

Cleveland Bricks is really pushing the Cudell market right now. They have two listings for 1.2k/month.

Additionally, there is a townhouse next to West Tech with new owners that was just renovated and listed for 1.2k, while one of the infill houses next to West Tech is listed at 220k and an older century house a block over is at 100k.

The price shift has been very sudden.

Offline taestell

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Re: Gentrification News & Discussion
« Reply #436 on: August 07, 2018, 02:57:03 PM »
The Twitter account that represents the Cincinnati Public Schools teachers' union just tweeted and accused 3CDC of "gentrification" and "ethnic cleansing."

Offline jmecklenborg

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Re: Gentrification News & Discussion
« Reply #437 on: August 07, 2018, 03:19:54 PM »
The Twitter account that represents the Cincinnati Public Schools teachers' union just tweeted and accused 3CDC of "gentrification" and "ethnic cleansing."

Apparently there is a rumor that 3CDC wants to tear down the new SCPA.  Not sure where that started, but I definitely suggested years ago that the SCPA parking lot should be redeveloped as apartments that pay into CPS. 

Offline taestell

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Re: Gentrification News & Discussion
« Reply #438 on: August 09, 2018, 03:55:23 PM »
^ That wasn't so much a "rumor" but the teachers union making a wild speculation, "first 3CDC takes away our parking, next thing you know, they're buying the SCPA and turning it into condos!"

They are continuing to tweet anti-3CDC stuff like this:

Q. Is #3CDC trying to push #SCPA and CPS kids and teachers out of the "new" #OTR? #notposhenough #gentrification.

Offline dastler

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Re: Gentrification News & Discussion
« Reply #439 on: August 10, 2018, 02:45:41 PM »
^ Cudell

Cleveland Bricks is really pushing the Cudell market right now. They have two listings for 1.2k/month.

Additionally, there is a townhouse next to West Tech with new owners that was just renovated and listed for 1.2k, while one of the infill houses next to West Tech is listed at 220k and an older century house a block over is at 100k.

The price shift has been very sudden.

Ironically I ended up renting less than a block from there from $985. Love the place even if the neighborhood is very much still "up and coming".