"It had everything we wanted as twentysomethings in the city - convenience, charm, great views. Over time, however, our needs have changed, and it's no longer the right fit for us. The only problem? We bought it shortly after the start of the COVID-19 pandemic, when rates had plummeted to historic lows. In fact, we locked in a 2.75% mortgage rate - so now we feel trapped in a house that no longer checks all our boxes."
"It has a beautiful view of downtown Cincinnati; it's within walking distance of a wide range of restaurants, bars, sports stadiums, and theaters; and it's an old, historic home with lots of charm. We love the hardwood floors, the historic brick, the old (nonfunctional) fireplaces, the pocket doors, and the large roof deck overlooking the Cincinnati skyline. We spend mornings out there sipping coffee and reading, and nights having beers and entertaining friends while enjoying the view."
"You've got to work hard to get those incredible views of the city. From street level, where we and our guests have to park, you've got to climb up 34 concrete steps to get to our porch. From there, you've got about 10 more steps to get to the front door. Once you're inside, the house is split into three levels (plus a basement with laundry). That's a lot of stairs."
Bought a home in 2020 with a 2.75% mortgage rate secured during the pandemic. The house provides excellent downtown Cincinnati views, walkable access to restaurants, bars, stadiums, and historic charm including hardwood floors, brick, fireplaces, pocket doors, and a large roof deck. Practical drawbacks include steep access: 34 steps from street parking plus additional steps and three interior levels with a basement laundry. Changing needs and mobility concerns make the layout less suitable for the future. The low mortgage rate creates financial inertia, making moving difficult to justify due to likely higher interest on a new loan.
Read at Business Insider
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