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Why Houses Still So Overpriced?


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#61 thefuzz

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Posted 14 April 2012 - 03:16 PM

Agree completely.

The "deals" out there need tons of work, or are out of most peoples price range.

#62 pstall

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Posted 15 April 2012 - 09:12 PM

Except that is not accurate at all.

Charlotte is growing faster than Union County.

See map: http://www2.journaln...55/census-mamp/

I'm not saying UC is not in demand, the map clearly shows that it is, but to say people are fleeing Charlotte is completely inaccurate.


Let me give just one example. Got a buddy who owns a tutoring/SAT/LSAT prep biz. They deal with the best and brightest kids and motivated parents who are willing to spend money.
He wants to open a second office in and around Ballantyne/Union Cty. The reason is he sees and hears about parents moving out that way to get a better education where Myers Park, once the gold standard zip in Charlotte, is getting old and not many people with kids can afford to move there. And even if they could, are you really getting the same education from MP now as you did 10-15 yrs ago?
No.

The investor in me is a big propenent in on the ground research and data, that is a leading indicator that will never show up in a spreadsheet till years later.
Trends and human behavior. You understand those two you will go far.