U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-20-2008, 12:25 PM
 
Location: Uptown CLT (4th Ward)
2,560 posts, read 7,708,366 times
Reputation: 423

Advertisements

Personal preference...but I wouldn't live anywhere else. Suburbs are not for me. I don't even like working in the burbs.

Uptown is an excellent investment...glad we bought back in 2002...we doubled our money in 6 years.
Reply With Quote Quick reply to this message

 
Old 06-20-2008, 01:10 PM
 
Location: Fort Mill, SC
2,532 posts, read 2,939,059 times
Reputation: 1357
Quote:
Originally Posted by VaTechKA View Post
I feel like once all of the condo high rises open up downtown prices are going to suffer.

It seems to me that thousands of the wealthy Charlotte residents bought into the high rise condo idea as investments, and plan to rent them out. Once they all start opening up and there are tons of them on the rental market, will there be people to fill them? I don't think there will be, at least not at the price the owners will be expecting. Eventually, people are going to have to try to sell if they can't rent their units out. Then, the market will be flooded with 500 sq ft high rise condos uptown and prices will suffer. Just my opinion.

If I am not mistaken, Trademark is still only 40-50% occupied.

Didn't a similar situation happen in Miami a while back?
Yes. Miami's condo (downtown and south beach) market got so flooded the prices have gone down. A friend of ours before we moved got a beach front condo in Sunny Isles that was priced 700,000 2 years ago for 300,000 this past November.

On the rest of the topic, we bought our home in southwest (sc side). I personally like the burbs because of community, yards, and retail close by. I don't mind living 30 minutes out to have a huge place with a nice yard.
Reply With Quote Quick reply to this message
 
Old 06-20-2008, 01:19 PM
 
Location: Fort Mill, SC (Charlotte 'burb)
4,730 posts, read 17,765,382 times
Reputation: 1008
Quote:
Originally Posted by ncopus99 View Post
Yes. Miami's condo (downtown and south beach) market got so flooded the prices have gone down. A friend of ours before we moved got a beach front condo in Sunny Isles that was priced 700,000 2 years ago for 300,000 this past November.

On the rest of the topic, we bought our home in southwest (sc side). I personally like the burbs because of community, yards, and retail close by. I don't mind living 30 minutes out to have a huge place with a nice yard.

Miami's real estate market is totally different than Charlotte's. Their prices were artificially inflated.
Reply With Quote Quick reply to this message
 
Old 06-23-2008, 12:26 AM
 
100 posts, read 220,096 times
Reputation: 18
the market doesn seem good here
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Charlotte
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 06:21 AM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top