14
Oct
2008
The Midwest
I was in Ohio this past week on business but also at a friends wedding. I thought some of the conversations that we had were very interesting. One in particular that struck me was about the real estate market and how it is there compared to where I live in Washington DC. One woman named Emily mentioned how she wanted to purchase a house on the water (I’m assuming Lake Michigan). She said she had to wait because the house was way out of her price range and only a rich person would be able to afford it. Of course that made me curious as to how much it was going for and she said $180,000.
I realize that that is a lot of money, but compared to some markets that would be considered a great price. It just shocked me how the midwest is so different than the east coast. Driving to Ohio in a car takes about 6-7 hours yet once you get there everything is half the price compared to the Washington DC area. On top of that when she told me she only paid $420 for rent each month I almost chocked. I know where I will be moving when I decide to leave the DC area.