The Pros And Cons Of Where You Live

[hvaces42]

Cost of labor is affected by the cost of everything else (and by cost of going of welfare or other public assistance programs). In NYC those costs are extremely high, so labor is more expensive (also NYC has higher minimum wages).

Workers Comp is the killer in NY. Highest rates anywhere.

[whYME]

And what's the average in the real Jewish areas?

My guess is these days it's probably 3-400k, but those more familiar can correct me.

[Dan]

My guess is these days it's probably 3-400k, but those more familiar can correct me.

Depends on the area, there are Zillow links in the CLE thread. You can get a house for $100K in a Jewish area.

[ExGingi]

Yes. Used to be copper and black pipe only. Now everything is plastic.

Wow. I was totally unaware of the change.

[yitzgar]

Depends on the area, there are Zillow links in the CLE thread. You can get a small house for $100K in a Jewish but perhaps not as desirable area.

Ftfy

[Dan]

Ftfy

I have friends with 3BR+attic that fits their 6 kids who paid ~$110K. 1/3 mile from the shuls on Green.

[hvaces42]

Wow. I was totally unaware of the change.

The cost of construction is up because everyone subs out their jobs so there are multiple layers of people who need to get paid. And the cheapest material is used to maximize profits up the chain.   

[Denverite]

Ftfy

What does “not as desirable” mean? Scary crime like Baltimore or just a farther walk from shul and/or not as concentrated with frum families? Inside the eruv?

[Denverite]

I have friends with 3BR+attic that fits their 6 kids who paid ~$110K. 1/3 mile from the shuls on Green.

Wow, that’s amazing and I’m happy to know there are still places where frum people can have the infrastructure they need and still live a solidly middle class life. Denver has way less frum Infrastructure than Cleveland and our crazy housing market has inhibited our growth as a great OOT option. A few families have even left here (can’t imagine the price difference from NY) for Cleveland, Dallas and Cincinnati (Cincinnati was for a of number specific Klei Kodesh jobs) and all seem to be happy with the easier, lower cost of life.

[sguitarist18]

About $140 in CLE.
Aside from regulatory reasons, there is also abundant skilled and affordable Amish labor.

So a 3,000 sq. foot house (combined footage including 2 or 3 floors) would cost around $420k? That's where I get confused - how can it be that houses are selling for $50-100k that I guess are decent, but new construction would cost literally more than 4 times that?

[Dan]

So a 3,000 sq. foot house (combined footage including 2 or 3 floors) would cost around $420k? That's where I get confused - how can it be that houses are selling for $50-100k that I guess are decent, but new construction would cost literally more than 4 times that?

You're asking why something brand new with a warranty will cost 4x the price of something 70-90 years old?

[ExGingi]

You're asking why something brand new with a warranty will cost 4x the price of something 70-90 years old?

Yeah. Because with real-estate we know that there are three things that matter, and age isn't one of those.

Especially if current conditions dictate that

The cost of construction is up because everyone subs out their jobs so there are multiple layers of people who need to get paid. And the cheapest material is used to maximize profits up the chain.   

which could easily mean that the old construction would be of overall better quality/durability.

[whYME]

You can get a house for $100K in a Jewish area.

He asked average.

[Dan]

He asked average.

Well for starters, the chart was median value.
And there's no way the average or median in UH, which is where most of the growth is happening, is anywhere near $300-$400.

[hvaces42]

which could easily mean that the old construction would be of overall better quality/durability.

I can tell you from personal experience...family in the business...nothing like copper piping its more expensive in the short term, but a neater install and way more durable. I dont think electricians can use Romex in NYC either.

[whYME]

And there's no way the average or median in UH, which is where most of the growth is happening, is anywhere near $300-$400.

I didn't realize the question was limited to UH
It seems to me that if you look within let's say a mile of the Green Rd shuls the median has got to be at least $300k

Of course that doesn't mean you can't find houses there that are $1-200k

[Dan]

I didn't realize the question was limited to UH
It seems to me that if you look within let's say a mile of the Green Rd shuls the median has got to be at least $300k

Of course that doesn't mean you can't find houses there that are $1-200k

Nearly everyone moving to CLE are moving for the vouchers, so that excludes Beachwood.

[yitzgar]

I have friends with 3BR+attic that fits their 6 kids who paid ~$110K. 1/3 mile from the shuls on Green.

Within the past yr or two?

[yitzgar]

What does “not as desirable” mean? Scary crime like Baltimore or just a farther walk from shul and/or not as concentrated with frum families? Inside the eruv?

Latter. Yes inside eiruv

[Dan]

Within the past yr or two?

Probably something like this, with some negotiations:
https://www.zillow.com/homedetails/4461-Silsby-Rd-University-Heights-OH-44118/33679762_zpid/
https://www.zillow.com/homedetails/4397-Silsby-Rd-University-Heights-OH-44118/33679831_zpid/
https://www.zillow.com/homedetails/2419-Laurelhurst-Rd-University-Heights-OH-44118/33680484_zpid/
https://www.zillow.com/homedetails/4482-Groveland-Rd-University-Heights-OH-44118/33680131_zpid/