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Old 09-06-2017, 12:40 PM
 
4,041 posts, read 3,269,697 times
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Quote:
Originally Posted by harrishawke View Post
I actually think the housing market will cool off actually. For huge subdivisions 400+ homesites, it can take up to a decade to sell and build all those homes. Alot of hiring and relocations in the finance industry already occurred, and without any additional catalyst. You aren't going to get the same demand.
Isn't North Carolina in general and Charlotte and suburbs in particular experiencing a huge influx of people right now? There's way more to it than just the finance industry. Charlotte and North Carolina are perhaps no longer the cost of living bargain that many have perceived them to be for so. (Still cheaper than a lot of places, but...) Maybe you feel disappointed that you aren't getting the bang for your buck you thought you would?
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Old 09-06-2017, 12:56 PM
 
5,102 posts, read 5,966,307 times
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Quote:
The Charlotte metro area added 50,000 people just between 2015-2016
While that number is accurate, most of that number is from natural change (births), not people moving to the metro.
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Old 09-06-2017, 01:08 PM
 
1,454 posts, read 996,074 times
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Quote:
Originally Posted by JoeP View Post
While that number is accurate, most of that number is from natural change (births), not people moving to the metro.
People being born eventually grow up and buy a house as well. The population growth of the 1990's in Charlotte is today's new home buyer, Uptown apartment renter, etc.... The children being born today will be the home buyer's of 2040, etc...

Net-net there are 50,000 more people living in the metro than in 2015. More babies also means more household formation and people looking for single-family homes.

If we are talking the portion of the population that moved from somewhere else in the country, net-net Mecklenburg County has been gaining about 16,000 more people from other counties than move away from Mecklenburg to other counties.
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Old 09-06-2017, 04:16 PM
 
5,102 posts, read 5,966,307 times
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People being born eventually grow up and buy a house as well. The population growth of the 1990's in Charlotte is today's new home buyer, Uptown apartment renter, etc.... The children being born today will be the home buyer's of 2040, etc...
Of course, but that's a different story - that is decades later and not all stay.

My point is that - and this goes for any city - when people say X metro grew by X amount people, there is an assumption that it's all migration, when in most places it's not.

Yes new parents need a room for their new child, but many already live in a house. That's all that I was saying.
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Old 09-06-2017, 06:13 PM
 
Location: Indian Trail, NC
924 posts, read 1,854,552 times
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People are moving to the Charlotte area from up north and a $350,000 home is a bargain for them.
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Old 09-06-2017, 07:24 PM
 
4,041 posts, read 3,269,697 times
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Originally Posted by thebalogas View Post
People are moving to the Charlotte area from up north and a $350,000 home is a bargain for them.
True. But that $350,000 ain't what it used to be.

And this is true for all growing/booming areas.

I can understand the sense of disappointment on the buyer's behalf.
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Old 09-06-2017, 07:55 PM
 
859 posts, read 419,226 times
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Looked in Union county like Indian Trail? I think for 300,000 you can find a 3k sq' or 2500 sq'. Also remember that a 2500' with 100% live-able space is better than 3k sq' with an unfinished basement.

Another idea, if schools are a concern, why not settle for a less than perfect school district and send the child to a private school? If schools are soo important, frankly all public schools suck, kid can learn more on youtube than the mis-education of public schools, teaching kids modified history and how to put on a rubber and take it up the rear, or how to carve a fish in the lab to see what the guts look like... that's really gonna get them a job (sarcasm).
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Old 09-06-2017, 08:29 PM
 
5,871 posts, read 7,706,755 times
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Quote:
Originally Posted by harrishawke View Post
I actually think the housing market will cool off actually. For huge subdivisions 400+ homesites, it can take up to a decade to sell and build all those homes. Alot of hiring and relocations in the finance industry already occurred, and without any additional catalyst. You aren't going to get the same demand.
As someone else said, it may cool off nationally, but if that doesn't happen, I don't see values in Harrisburg magically going down seeing as how it has well-regarded schools without being a completely terrible commute to uptown (and a short commute to University). The only thing that could bring some of the values down IMO is if all of the new construction causes a redistricting which sends kids to other schools that aren't as well-regarded. But if a new school opens (and I have no idea if that's even a possibility) then that would likely keep values up.
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Old 09-07-2017, 12:23 PM
 
15 posts, read 11,475 times
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Quote:
Originally Posted by kynight View Post
Looked in Union county like Indian Trail? I think for 300,000 you can find a 3k sq' or 2500 sq'. Also remember that a 2500' with 100% live-able space is better than 3k sq' with an unfinished basement.

Another idea, if schools are a concern, why not settle for a less than perfect school district and send the child to a private school? If schools are soo important, frankly all public schools suck, kid can learn more on youtube than the mis-education of public schools, teaching kids modified history and how to put on a rubber and take it up the rear, or how to carve a fish in the lab to see what the guts look like... that's really gonna get them a job (sarcasm).
Wow... that escalated quickly....
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Old 09-07-2017, 04:35 PM
 
859 posts, read 419,226 times
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Quote:
Originally Posted by Ferris23 View Post
Wow... that escalated quickly....
I can go on but basically yeah, public schools encourage premarital sex.
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