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We haven't lived in Charlotte for a while, so would appreciate some info for a young relative who is considering a job offer there. I did a search on the forum but didn't see anything on the Crab Orchard neigborhood. It appears to be all Adams homes, priced in the mid-to-upper $100Ks. In contrast to the other new(er) houses I saw on realtor.com, these seem to be all brick instead of vinyl siding. The one-story floorplans are appealing, too. Does anyone have first-hand knowledge of the neighborhood and houses? Thanks.
We haven't lived in Charlotte for a while, so would appreciate some info for a young relative who is considering a job offer there. I did a search on the forum but didn't see anything on the Crab Orchard neigborhood. It appears to be all Adams homes, priced in the mid-to-upper $100Ks. In contrast to the other new(er) houses I saw on realtor.com, these seem to be all brick instead of vinyl siding. The one-story floorplans are appealing, too. Does anyone have first-hand knowledge of the neighborhood and houses? Thanks.
What about it is "not great"? Is there a crime problem in that part of town? Are there an unusually high number of foreclosures? Do the schools have a poor reputation? Is traffic between that area and downtown especially heavy? Could you please be specific? And would others add their opinions, too? Thank you.
What about it is "not great"? Is there a crime problem in that part of town? Are there an unusually high number of foreclosures? Do the schools have a poor reputation? Is traffic between that area and downtown especially heavy? Could you please be specific? And would others add their opinions, too? Thank you.
It is not in a desirable area of town - that includes for crime and schools.
What part of town is the job in? What's the budget? Maybe we can recommend somewhere else.
I should have posted that earlier, thanks for asking. The primary job would be downtown (uptown?) in the central business district. Although mortgage approval could probably be obtained for >$175K on one salary, the preference is to stay around $150K. One, or both, of them may be going to UNCC for a few years as well (one as a night student) so being close to the university would be a plus. After dealing with some lengthy and stressful commutes, I think the hope is to live within 30 mins. of work, and 15 - 20 mins. would be great.
Yesterday, I read the 4 part series the Observer ran on a subdivision that turned into a disaster as some residents apparently lied on their mortgage applications (encouraged to do so by the sales agents working for the developer/builder/lender) and could not afford the higher payments once the builder's rate buydown period ended. There were a lot of foreclosures, as well as folks stuck in substandard houses with leaks/mold and other problems. That was about enough to make me want to strongly encourage renting until things are more settled. The young couple really wants to buy their own home, but I worry about them finding themselves caught in a bad situation with a large percentage of their neighbors in foreclosure or with numerous unsold new houses nearby.
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Originally Posted by MadHaus
I should have posted that earlier, thanks for asking. The primary job would be downtown (uptown?) in the central business district. Although mortgage approval could probably be obtained for >$175K on one salary, the preference is to stay around $150K. One, or both, of them may be going to UNCC for a few years as well (one as a night student) so being close to the university would be a plus. After dealing with some lengthy and stressful commutes, I think the hope is to live within 30 mins. of work, and 15 - 20 mins. would be great.
Yesterday, I read the 4 part series the Observer ran on a subdivision that turned into a disaster as some residents apparently lied on their mortgage applications (encouraged to do so by the sales agents working for the developer/builder/lender) and could not afford the higher payments once the builder's rate buydown period ended. There were a lot of foreclosures, as well as folks stuck in substandard houses with leaks/mold and other problems. That was about enough to make me want to strongly encourage renting until things are more settled. The young couple really wants to buy their own home, but I worry about them finding themselves caught in a bad situation with a large percentage of their neighbors in foreclosure or with numerous unsold new houses nearby.
Tell them to look at Belmont, Mt. Holly & Huntersville. Access to Uptown frpm Belmont would be 74/Wilkinson Blvd to 277. They can go to the University from Uptown or they can take 85 over to that area. Look at a map & you can see the proximity. They could look inside of Charlotte between the university & Uptown, but then you're back to wondering about the area.
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