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

4 minutes ago, toldozer said:

Arm loans are coming.  First time I've been concerned about a potential drop in the market but that will be 5 years down the road.  Hopefully rates aren't 13% then and it'll be fine.  I have one client that's doing the arm and another considering it. I don't like that product at all but I do get it. 

Jesus. We didn't learn poo from the last housing crisis, did we?

Link to comment
Share on other sites

1 hour ago, LinvilleGorge said:

No, but we've already seen what happens to a lot of folks when you kick that can down the road.

Yeah that's why I think it's on the mortgage industry to not offer that product because as a society I feel like we like to gamble and it saves money upfront. My one buyer is using it because they are purchasing a new build and signed paperwork back in December and budgeted on 3-3.5% interest. They can afford the mortgage at 6% but don't want to.  I let them know there could be some rate fluctuations but didn't anticipate this kind of jump so we didnt really plan for it.  If it was me I would probably close on the home,  immediately sell it and make 50k and then buy something cheaper at the higher rate.

Link to comment
Share on other sites

We're closing on the sale of my wife's parents' home in Ocean Isle Beach this week. Fortunately, the buyers wanted a very long escrow and paid us a healthy due diligence fee to sit for nearly 2 months, but they were lucky to lock in at a hair over 3%.

We paid cash for new construction/custom in 2008 right after the bubble burst, found a builder desperate for work and made well over double our cost from 14 years ago- all free and clear. 

  • Pie 1
Link to comment
Share on other sites

Biggest problem coming in aren't necessarily ARMs, but the fact that banks/mortgage companies are looking at shifting from the traditional 30yr loan to a 40yr or even 50yr loan period.

Those longer terms loans may make monthly payments appear to be more affordable, but the long-term impact is going to be bad.

Folks won't be thinking about paying off their loans early and going into retirement (relatively) debt-free if these become popular.

 

Link to comment
Share on other sites

3 minutes ago, PanthersATL said:

Biggest problem coming in aren't necessarily ARMs, but the fact that banks/mortgage companies are looking at shifting from the traditional 30yr loan to a 40yr or even 50yr loan period.

Those longer terms loans may make monthly payments appear to be more affordable, but the long-term impact is going to be bad.

Folks won't be thinking about paying off their loans early and going into retirement (relatively) debt-free if these become popular.

 

Kinda like how 80+ month notes for vehicles are becoming more and more common. If you need an 84 month note on a vehicle to afford it, YOU CAN'T AFFORD IT.

  • Pie 4
Link to comment
Share on other sites

2 minutes ago, toldozer said:

My parents first home was at 18.5%, mine was 4.5% in 2009. Our mortgage is at 3% from last April.  Yeah  surprised 40 years aren't starting to become the norm already 

I think my parents' house was in the low 20s.  My first was around 6ish initially. Refinanced it multiple times over the course of four years ending sub-3. Current house is sub-3.

Link to comment
Share on other sites

I bought my home in 2010 for 124k

House was  newly finished and had 2 acres. Previous people ran out of money and foreclosed.  I cleared some trees have added a fenced in  acre yard, a building, carport, bedroom and 3 closets.  Concrete driveway.  Since then the residential boom has happened.  Man these crazy ass people offered me 370k site unseen.  I'll hang around for a while yet and see if that dont keep climbing.

Link to comment
Share on other sites

6 hours ago, motocross_cat said:

I bought my home in 2010 for 124k

House was  newly finished and had 2 acres. Previous people ran out of money and foreclosed.  I cleared some trees have added a fenced in  acre yard, a building, carport, bedroom and 3 closets.  Concrete driveway.  Since then the residential boom has happened.  Man these crazy ass people offered me 370k site unseen.  I'll hang around for a while yet and see if that dont keep climbing.

When we built our starter-home, 3BR/2BA house in Charlotte, we struggled at the $100k+ price point.  Zillow currently has its "Zestimate" around $350k.  It has a reasonable, accessible location -- but couldn't imagine it going for more than $250k.

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

    • Oh I went off and fully entertained my wife last night as my emails go to her phone as well because of my health. So she got the whole conversation as it happened.    Like I went to games in Detroit for the cup finals, I've been to games in Greensboro, Raleigh, and Chicago as well. My mom and her nurse friend double dated one of the players from when the team was in Greensboro. "He's still with the team in some compacity as well." I know people who work for the team at the arena as well. How the hell would I not be considered a fan. Only reason I haven't gone to a game since 2022 is because of my health and money situation. Last game I went to was at United Center in Chicago and me and my wife spent around 1k for glass seats and some food at the arena and we were next to the penalty box. The pictures of the hurricane players I took are lost because my phone crapped out a few weeks later. 
    • The Falcons win was a fantastic way to end the season and I think just about every Panthers fan would agree the team the coaching staff and particularly Bryce Young were impressive. We really needed that. Credit where it's due. At the same time. Now we have to establish it wasn't just a flash in the pan. We had one of those earlier in the season against the Raiders. As a tortured Panthers fan I have to acknowledge that. I know you're joking but in all seriousness I don't think the QB sneak is something for us to be concerned about in general but I would be lying to myself if I did not acknowledge that looking back at one particular game last season where we continually trotted out Eddie Pinero on 4th and short on the opponents side of the field we could use some creativity in those situations and it's also a matter of predictability. As time goes on it's something for Canales to work on and figure out. Especially with our kicker situation as it stands.
    • I appreciate the measured tone, truly. Hopefully we're at a point where we can dive a little deeper into the discussion. The observation about his footwork is fair in theory, but I'd also counter with 6'1" Brock Purdy recently admitting that he can't see his target on 40% of his throws due to the linemen in front of him. He just inked a massive deal, and while a lot of fans are understandably wondering what he's going to do with reduced weapons, "not seeing over the line" just doesn't seem to be that big of a disqualifier with his understanding of timing, leverage, and pre-snap reads (Aaron Rodgers is 6'2"... bet he's dealt with the same). Bryce is likely dealing with similar challenges due to his size, but it clearly doesn't mean it can't be managed at a high level. Also, I'm not convinced that "prototypical footwork" should be the end goal for a QB that isn't built like the prototype. What matters more is timing and rhythm with his receivers... which, as we've both noted, has been evolving as the WR room flips from vet stopgaps to rookies. He will need to improve there. That's not in dispute. What is in dispute is the impact that footwork is having on his ability to process and execute. The earlier suggestion that he's “hopping around” to see the field implies a frantic or panicked visual search, which just isn’t something we’ve seen reflected in either the film or any reliable breakdown. If it were as exaggerated as described, it would’ve become a meme-worthy moment (or at least been on SportsCenter's Not Top 10). Instead, we've seen a QB who, like many young passers, occasionally loses platform stability under pressure. That is something that's common and correctable, and again, not something that shows up with enough frequency to suggest it's an endemic flaw. It’s worth continuing to track, but to argue it's a defining issue requires stronger proof than anecdote. As for the "investments" made in the offense after drafting Bryce, I think that might be stretched a bit. Yes, we've used back-to-back firsts on WRs and signed guards to big contracts. But beyond that? Mingo (2nd) and Diontae (FA) are gone. Zavala (4th) was the worst-rated OL in the league his rookie year Sanders (4th) and Evans (5th) are mid-round TEs. Tremble was given a small contract extension but is said here to be at best a blocking TE2. Jimmy Horn Jr (6th) and Coker (UDFA) are the other WR investments Corbett + BC got one-year deals coming off of injury Cade Mays was tendered, but he was cut to start last season That's not some overwhelming infusion of elite talent. It's better, sure... but acting like it's some embarrassment of riches feels overstated. Expecting instant chemistry and impact from rookies and second-year guys while simultaneously mocking the idea of contending this year also feels a little... off? So far, what I've heard as your criteria boils down to red zone efficiency and intermediate passing to the sidelines? You mentioned moving the ball inside the 20s... I'd recommend 3rd down conversion rate, big-time throws, and turnover-worthy plays. For red zone play specifically, we could look at turnovers inside the 20. Incompletions in the red zone as well as intermediate sideline incompletions could provide an interesting starting point for film study. Hell, any of these would give us a more objective framework to work from if you're open to using them. Do any of them work for you?
×
×
  • Create New...