Jump to content
  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Charlotte real estate market


Ja  Rhule
 Share

Recommended Posts

6 minutes ago, toldozer said:

I have 5 clients looking to buy right now. They're all from out of state. Moving from Texas, new York,  Philly and Michigan. 4 of the 5 are first time home owners. Matter a fact all the clients I'm getting right now outside of this couple from Texas are first time buyers. The renting population is basically up shits creek

It seems like people have been fleeing Michigan for years. I swear there was a time about a decade ago in CO when every third person you met had just moved here from Michigan.

Link to comment
Share on other sites

I sold last June after a little over two years of ownership. We had 4.2% on a zero cash down, first homebuyers loan.

Made $220,000 and am going to move to a more affordable area, wait for whatever dip is about to happen in a year or two and then basically own the same ‘priced’ house after ridiculously low payments over 15 years instead of much higher ones over 30.

Granted I don’t have kids but I’d be absolutely stupid to turn down that profit knowing full well this area is not where I want to settle long term.

People are doing this all over, migrating, not upgrading. I’d be screwed staying here, it’s already hard to protect my profits in this climate. My realtor told me the reason you made this much will be the reason you’ll quickly lose it and he wasn’t joking. Rent is insane. I’ve put it all in wealth-front and making 1k a month just on interest which is helping but I have to get away from the mountains/west, it’s just stupid expensive.

Edited by onmyown
  • Pie 1
Link to comment
Share on other sites

1 hour ago, Paa Langfart said:

You obviously dont live in my county.  Contractors here are throwing up crackerbox mansions a mile a minute in all directions.  I have no idea where all the supposed buyers are coming from.

From places where it's way more expensive. And they come with cash so they don't give a fug about interest rates.

  • Pie 1
Link to comment
Share on other sites

6 hours ago, onmyown said:

I sold last June after a little over two years of ownership. We had 4.2% on a zero cash down, first homebuyers loan.

Made $220,000 and am going to move to a more affordable area, wait for whatever dip is about to happen in a year or two and then basically own the same ‘priced’ house after ridiculously low payments over 15 years instead of much higher ones over 30.

Granted I don’t have kids but I’d be absolutely stupid to turn down that profit knowing full well this area is not where I want to settle long term.

People are doing this all over, migrating, not upgrading. I’d be screwed staying here, it’s already hard to protect my profits in this climate. My realtor told me the reason you made this much will be the reason you’ll quickly lose it and he wasn’t joking. Rent is insane. I’ve put it all in wealth-front and making 1k a month just on interest which is helping but I have to get away from the mountains/west, it’s just stupid expensive.

Yes. All of this. Sold my house in the foothills of CO a little over two years ago. Moved back to western NC and bought a house 25 years newer (built in 2011 vs. 1986) that was 50% bigger (3000sqft vs 2000sqft) with 16x the acreage (12 acres vs. 3/4 acre) and we barely spent over half on the NC house that we sold the CO house for. The way real estate values have trended the CO property is still worth basically double the NC property but the CO market is cooling off quite a bit faster. The cost of living index vs. wages was fuged out there a decade ago. It's completely unmanageable at this point. Our household once was 50% above the median for our area and our purchase price was about 25% under the median home value for our area and I STILL felt borderline house poor.

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share


  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • You’re playing madden we’re talking real football stuff…. He does have you seen his special on internet he def thinks he’s getting paid 
    • Without the team having an identity kinda hard to predict what they value.  They either are really trying to build a balanced team, or preparing for another swing at qb if Bryce doesn’t pan out. Seems like we value the o line but the $ spent there has been underwhelming besides Lewis, you could say it’s because of injuries but still hasn’t been worth the investment. as already stated, the whole handling of Bryce young as a whole has been ass backwards, we spent the years we’re supposed to take advantage of having a qb with a lower cap hit, building the team up to be adequate. now It appears, key word appears, the saints have done it correctly, which is painful to even think about. Regardless, I hope the front office has paid attention to qb contracts recently, such as Tua, Kyler, Daniel jones(pre colts) and don’t settle for subpar qb play at franchise qb rates    
    • This is the flaw in your logic.  Cutting 3 of our best players will somehow move us from whatever we are to "compete". Even the most Young super fans are not predicting a ceiling above top 10-12, and that will not nearly cut it.  Someone will need to break the log jam of QBs getting nothing or North of 50. Our qb is at best a middle ground, lets hope it will be us that also manage to pay the worth at about 100 over 3 years.  And before you jump me, yes that is only of he improves.
×
×
  • Create New...