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Old 12-15-2016, 11:13 AM
 
Location: Alpharetta, GA
285 posts, read 159,808 times
Reputation: 237

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Quote:
Originally Posted by flamadiddle View Post
One could always move way out to Canton and pay $430K for this >

https://www.redfin.com/GA/Canton/430...0xMTIzODkwNTU=

I still get local real estate alerts and was kinda shocked at this one. A nice, but very small home in Canton on a small lot for $430K? wow...
I thought you were kidding but nope. Then I looked at the area....

Hickory Flat area is a hot area for the north metro area to move to.

However, that price for a ranch on a basement is just all sorts of stupid for a new build.

Dogwood w/Basement - Hickory Manor by Lennar | Zillow

However, there is the issue that ranch homes require a bigger piece of property due to their footprint, so that may be where the price difference comes into play.

109 American Pharoah Way, Canton, GA 30115 | Zillow another ranch in the same area - however, it has a decently sized yard too.

As opposed to this about a mile down the road

Abbeyville - Woodhaven Court by Pulte Homes | Zillow

Where you can pee on your neighbors from your window if you should feel so inclined.
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Old 03-22-2017, 01:32 PM
 
Location: Kirkwood
22,178 posts, read 16,186,764 times
Reputation: 4908
Quote:
Standing 25 posh stories, the finished tower up the street from Piedmont Park is offering some units for more than $3 per square foot—a benchmark once thought impossible in Atlanta. (For example: a 540-square-foot studio for $1,630). Even higher, most of the penthouse apartments have already rented for nearly $6,000 per month

http://atlanta.curbed.com/2017/3/22/...oo-on-the-park
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Old 03-22-2017, 05:45 PM
 
Location: Johns Creek area
9,568 posts, read 8,639,816 times
Reputation: 5072
Rent of $6,000 per month. Mercy me.
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Old 03-22-2017, 05:53 PM
 
Location: Atlanta
5,243 posts, read 4,384,003 times
Reputation: 2723
get out of here yoo, stop making the market suck more than it does
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Old 03-22-2017, 06:21 PM
 
Location: Atlanta, GA
1,154 posts, read 1,675,268 times
Reputation: 724
This is good for Atlanta. If/when the market crashes, we'll have really high quality apartments near Piedmont Park for cheap
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Old 03-22-2017, 07:16 PM
 
Location: NW Atlanta
4,997 posts, read 3,484,828 times
Reputation: 2647
Quote:
Originally Posted by tikigod311 View Post
get out of here yoo, stop making the market suck more than it does
More supply is a bad thing? Or did you actually expect the 1 bedrooms to be $800/month?
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Old 03-22-2017, 08:13 PM
 
Location: Atlanta
5,243 posts, read 4,384,003 times
Reputation: 2723
Quote:
offering some units for more than $3 per square foot—a benchmark once thought impossible in Atlanta.
Yeah, that's exactly the type of supply we don't need
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Old 03-23-2017, 07:39 AM
 
Location: Kirkwood
22,178 posts, read 16,186,764 times
Reputation: 4908
Quote:
Originally Posted by Gulch View Post
More supply is a bad thing? Or did you actually expect the 1 bedrooms to be $800/month?
Older, affordable apartments ($779/1 bedroom) are falling to newer, expensive ($1400/studio) in Morningside.
http://atlanta.curbed.com/2017/3/23/...orningside-new
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Old 03-23-2017, 09:41 AM
 
Location: City of Atlanta
2,576 posts, read 1,502,666 times
Reputation: 3383
Cities where no one wants to live are cheap. I understand the frustration that less expensive options are getting harder to find, but this is the direction Atlanta is heading in if it remains a desirable place to live, which I think we all want.
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Old 03-23-2017, 10:37 AM
 
589 posts, read 353,427 times
Reputation: 826
Quote:
Originally Posted by Pemgin View Post
Cities where no one wants to live are cheap. I understand the frustration that less expensive options are getting harder to find, but this is the direction Atlanta is heading in if it remains a desirable place to live, which I think we all want.

Very true -- it's indicative of a robust, healthy city. And, the unfortunate side effect is loss of less expensive options. Yet, people will come and people will pay, because there's opportunities in ATL. If the market can't sustain the high rents, they'll decrease accordingly. But, until then, I'd only expect to see more increases.
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