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

By Ja Rhule,
in Huddle Lounge

 Share

Recommended Posts

Shocker Grand Master

Shocker

Posted
Posted (edited)
16 minutes ago, LinvilleGorge said:

I was just giving you poo.

But yeah, The Villages are well known for their retiree swinger community. 🤮

My wife's family are all in the medical field in Florida. Evidently everyone in The Villages has an STD of some sort. 😂

I guess when everyone is past menopause protection becomes an afterthought.

My wife is a nurse and warned me about it as well.  There are weirdos anywhere but I can’t disagree.  We had a few really awkward moments after people did a shot tribute to my father.  Yuck

I thought to myself is this a northern thing?   Literally 90% of the like 60 people there were from NY or New Jersey.  It was a trip

Edited by Shocker
  • Pie 1
Link to comment
Share on other sites
  • 1 month later...
toldozer Veteran

toldozer

Posted
Posted

Market slammed to a halt like 3 months ago. If you aren't pricing your property well you aren't selling. Decent time to have some cash as you can definitely get stuff cheaper than 2021. I wouldn't expect a major correction though (10-15 % probably realistic) but we will see. Price reductions all over the place and stuff sitting on the market since July if owners are stubborn 

  • Pie 1
Link to comment
Share on other sites
Ja Rhule Grand Master

Ja Rhule

Posted
  • Author
Posted
1 hour ago, toldozer said:

Market slammed to a halt like 3 months ago. If you aren't pricing your property well you aren't selling. Decent time to have some cash as you can definitely get stuff cheaper than 2021. I wouldn't expect a major correction though (10-15 % probably realistic) but we will see. Price reductions all over the place and stuff sitting on the market since July if owners are stubborn 

Not the time yet.  Need to wait a bit longer.  Rates will remain high for another year or so.

Link to comment
Share on other sites
toldozer Veteran

toldozer

Posted
Posted
3 hours ago, Ja Rhule said:

Not the time yet.  Need to wait a bit longer.  Rates will remain high for another year or so.

Yeah i expect them to creep over 8 at the very least (hell they're almost there) till we see them decline a bit. I really don't think we will see under 3 again for a long long time though.  Glad my wife and I purchased our forever home last year.  If rate do drop a decent amount I think you'll start to see prices rises again. 

Link to comment
Share on other sites
Paa Langfart Grand Master

Paa Langfart

Posted
Posted

Waiting for a recession to stop the developers building on every square inch of land around me that should never be developed because of flooding issues.  Planning board says " we made the developer promise to  do a hundred year flood plan".    Problem is, it now floods with all the storms and impervious surface  development every 2 years.

Link to comment
Share on other sites
  • 6 months later...
Paa Langfart Grand Master

Paa Langfart

Posted
Posted
On 3/2/2021 at 12:34 PM, Paa Langfart said:

Its not just Charlotte that prices are going crazy.  According to the company I get my homeowners insurance through, my place has risen in market value by about $70,000 just since April 2020.  

Fairly scary to me - isn't this what ultimately led to the 2007- 2008 financial crisis?

 

On 3/2/2021 at 3:32 PM, LinvilleGorge said:

Yeah, that was a lot of bad mortgages on five year arms. Everyone knew those loans would go bad but they got packaged into bonds and sold so many times no one could even keep track of who was going to get stuck holding the bag. That crisis was completely predictable. Hell, I remember sitting in Econ 101 in the fall of '00 and having the professor break it down almost to the letter. The only thing he was off on was timing. He thought it was gonna hit in '04/'05 but it held on a few more years and the bubble only got bigger.

 

 

So I hope this guy is wrong.

 

Quote

Billionaire investor Charlie Munger, vice Chairman of Berkshire Hathaway  (BRK.A) - Get Free Report, sees trouble ahead for the U.S. financial system because American banks are "full of... bad loans" due to falling property prices in the country in a situation that seems very similar to what caused the banking crisis in 2008.

Charlie Munger Sounds The Alarm on Issue That Could Bring Down the U.S. Economy (msn.com)

 

Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted
7 minutes ago, Paa Langfart said:

 

 

 

So I hope this guy is wrong.

 

 

I honestly don't know what to think. Seems like you can find an expert or wunderkind investor delivering any message you want to hear if you're willing to look around for it. I honestly think economics basically amounts to pseudoscience. It's basically a mixture of supply and demand paired with human psychology and then a whole lot of fugery on top of it all.

Link to comment
Share on other sites
toldozer Veteran

toldozer

Posted
Posted (edited)
5 hours ago, Lame Duck said:

I don’t think we will have home market crisis.  Folks who bought homes at 3% or less no way in hell they will sell it now, causing huge shortage in inventory.

Yeah told my wife were never moving.  She thinks rates will get down close to 3s in a few years. I do not see it. I think everyone who bought or refinanced prior to mid last year aren't moving unless they have to. That will keep inventory low for a long time and continue to drive price

Edited by toldozer
  • Pie 1
Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted

I really don't understand why we kept rates so low for so long. It completely shifted the way people viewed borrowing. It skewed the value of money. People are panicking about today's interest rates but today's rates are still relatively very low in terms of historical norms. We just had clown world level interest rates for a long time and it skewed everything. Just nobody had the balls to do anything about it because it was creating booming growth (on paper). I mean, real wages weren't growing but the upper crust were accumulating massive wealth and the stock market and corporate profits looked great so keep printing money! The older I get the more I realize that our policy makers honestly just aren't that smart.

  • Beer 1
Link to comment
Share on other sites
toldozer Veteran

toldozer

Posted
Posted
2 hours ago, LinvilleGorge said:

I really don't understand why we kept rates so low for so long. It completely shifted the way people viewed borrowing. It skewed the value of money. People are panicking about today's interest rates but today's rates are still relatively very low in terms of historical norms. We just had clown world level interest rates for a long time and it skewed everything. Just nobody had the balls to do anything about it because it was creating booming growth (on paper). I mean, real wages weren't growing but the upper crust were accumulating massive wealth and the stock market and corporate profits looked great so keep printing money! The older I get the more I realize that our policy makers honestly just aren't that smart.

Let's not pay people more let's make it cheaper to borrow money so they go more in debt. It's really quite genius for the small % that profit off everyone else's debt.

Link to comment
Share on other sites
d-dave Veteran

d-dave

Posted
Posted
8 hours ago, toldozer said:

Yeah told my wife were never moving.  She thinks rates will get down close to 3s in a few years. I do not see it. I think everyone who bought or refinanced prior to mid last year aren't moving unless they have to. That will keep inventory low for a long time and continue to drive price

My wife and I were considering a move because our neighborhood is full of renters and the HOA cares more about the colors on people doors and shutters than trashy renters.  Oh, and Cabarrus county is a complete poo-show.  We looked at the rates and the prices per sq. foot, and while we're still OK, we're going to stick it out.

Like we could sell well, but what are we going to be able to get else where?  So we're going to try to stick it out as much as we can.

Link to comment
Share on other sites
LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted

Yeah, I think the only folks moving, selling, and buying right now are folks that have to due to a relocation or they're fleeing from an area of higher cost of living to an area with lower cost of living. Moves within the same area looking for an upgrade or something like that just don't make much sense right now.

Link to comment
Share on other sites
toldozer Veteran

toldozer

Posted
Posted
8 minutes ago, LinvilleGorge said:

Yeah, I think the only folks moving, selling, and buying right now are folks that have to due to a relocation or they're fleeing from an area of higher cost of living to an area with lower cost of living. Moves within the same area looking for an upgrade or something like that just don't make much sense right now.

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

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
Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • frankw
      PFF ranks the 2025 starting QBs

      By frankw · Posted

      We've literally seen him hop around the pocket to survey the field in multiple occurrences. Defenses have this on tape. Cam and QB's like him built the way he was height and strength wise could get by on those natural gifts in their prime. Bryce Young is unequivocally going to have to go above and beyond with his footwork in order to carve out not just a long career but an elite career worthy of a top overall draft selection. We should be able to wholeheartedly agree with one another on that. Intermediate sideline throws without placing the ball out of bounds where the receiver has to contort themselves or make an absurd acrobatic catch for it to be a completion. And yes developing a better chemistry in the deep passing game with his receivers to avoid miscues. Both areas will need to see improvement if the young offense is to develop the way we hope in 2025. And we don't necessarily need to be winning mind you. But development of the supporting cast requires this from Bryce. We have invested a ton of capital in the offensive line. We've invested heavily in WR. We've invested in our backfield. We've invested in TE. We've got a young up and coming offensive minded head coach. The expectation should be for our redzone efficiency to improve significantly. That is not just on Bryce Young. But at the end of the day it will always begin and end with him more often than not. It's always been that way and that's just the nature of the position in this league. And not for nothing but before we drafted Bryce Young nobody was going around here saying we need elite play across the board and top shelf coaching for him to be effective. His biggest selling point was his ability to succeed off script and make something out of nothing. We're certainly going to have to see that come to fruition. Now we wait.
    • KillerKat
      Canes vs Panthers Rd 3 Gm3 8pm

      By KillerKat · Posted

      I said years ago that RBA was another Rivera. 
    • tukafan21
      PFF ranks the 2025 starting QBs

      By tukafan21 · Posted

      Honestly, for me, I actually don't care all that much about being the 1st overall pick and him living up to that selection. It's the trade we made to go get him that he has to live up to for me.   You can't be even just an average starting QB after a trade like that, because if that's all we're getting out of it, we could have kept going with journeyman type of QB's or taken a shot on a Jalen Milroe type in the 2nd to get similar play but then have kept Moore and all those other draft picks to build around them.
×
×
  • Create New...