Selling Franklinton
We have dicscovered that while doing
a high level rahab in Franklinton is very
challenging it's even harder to sell
the place. We often find ourselves trying
to sell the neighborhood itself. This
cover story examines how negative
perceptions of life in "the Bottoms" create
a significant hurdle to revitalization.
And, what can be done about it: would it
be wise to embrace the nickname and
make it cool?
Real Estate Trends - "Flipping" houses
Tends to Skew Values
The rollercoaster called the Franklinton
housing market has several componants:
drastically varies housing conditions, a very
high percentage of transfers occuring at
the sheriff auction, mutiple transaction in
single year, or even a single day.
Franklinton and the Arts
Can the arts crowd do for Franklinton
what it did for the Short North? Why not?
The real estate is affordable, there are
interesting building available, and it is
close to downtown. In this feature article
arts professionals, residents and
community developers reflect on what
Franklinton has to offer artists and vice vera.
Real Estate Trends - Foreclosure
Cause Prices to Vary Widely
A house on Avondale transfered ownership
three times in early 2006, with the price
rising from $13,000 to $80,000 without
any significant rehab. Quick turnaround
of foreclosed propety is moving homes from
owners to investors while, at last count,
Franklinton was already 70% rental. How
can this tide be turned in the citys oldest
neighborhood?