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10-11-2006, 07:49 PM
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Member
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Join Date: Oct 2006
21 posts, read 27,649 times
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Why does it seem as if Charlotte is the cheapest place to buy a home in NC??
I have been searching for inexpensive houses and condos throughout NC and Charlotte keeps coming up as the cheapest. I have looked into a number of suburbs but it seems as if they are much more expensive than Charlotte. Does this make sense? I figured cities were generally more expensive...
What is the reason for this? Is Charlotte a developing city hoping to attract more residents with cheaper housing? Are there a lot of parts in Charlotte that are considered "bad" areas and this would explain the lower housing costs? Or is none of this the case and I am just getting my information from inaccurate sources?
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10-11-2006, 07:51 PM
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Senior Member
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Join Date: Aug 2006
485 posts, read 613,719 times
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The lowest housing costs are in areas you might consider prone to higher crime or lower school performance. As a very general assumption, the most affluent areas are to the north and south of the city and the areas to the east and west are less affluent. You need to visit Charlotte and drive around the entire city to get an idea of the areas.
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10-11-2006, 07:52 PM
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Not a member
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Join Date: Aug 2006
Location: Cornelius
2,309 posts
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depends where you are looking. Yes there is bad areas and yes Charlotte is a growing city....
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10-11-2006, 09:17 PM
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Senior Member
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Join Date: Jan 2006
5,318 posts, read 6,436,965 times
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According to Coldwell Banker's home price comparison, Greensboro was the cheapest followed by Fayetteville, Winston-Salem, Raleigh, Charlotte and Wilmington.
http://money.cnn.com/2006/09/26/real...ment/index.htm |
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10-12-2006, 08:36 AM
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Senior Member
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Join Date: Jun 2006
1,532 posts, read 2,029,451 times
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Interesting, I had never heard that. I think Durham's got some pretty good steals too, I believe. And Winston-Salem's not bad either if you know where to go.
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10-12-2006, 08:41 AM
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Senior Member
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Join Date: Jan 2006
5,318 posts, read 6,436,965 times
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Quote:
Originally Posted by RaleighRob
Interesting, I had never heard that. I think Durham's got some pretty good steals too, I believe. And Winston-Salem's not bad either if you know where to go.
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Don't know why Durham and Asheville weren't included in the survey. |
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