How will market trends affect appreciation In Columbus area for 2023 ?

[Colby Zeller]

Hi BP community, Ive been researching a-lot into the Columbus area, and plan on buying my first rental there once I graduate from college. I've been watching a-lot of podcasts, and each one has a different opinion on how appreciation will affect the market going into the next year. What I want to know is what the BP thinks about how market trends will affect the Columbus area in 2023, and will it still be a good year for a newbie in the space to buy his first property !

[Jonathan Styer]

Anything you hear from anyone is just a guess, no one knows the future. That being said, here's mine: 

Intel is going to have a crazy impact on Central Ohio, beyond just Columbus. The housing demand is only going to increase, and we are currently in a shortage. There may be a dip nationwide, I just don't see Columbus going anywhere but up, barring something majorly unforeseen. 

This Intel chip fab is going to be the biggest in the world, and the entire country needs it. It's funded by the federal government, so it's happening. We just don't have enough housing, and it's not being built fast enough, so prices are just going to go up. Again, this is just my opinion. If you're looking to buy in Columbus, now is the time, well, 

Feel free to reach out to me if you want more info on what's happening with Intel.