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Old 04-14-2008, 04:03 PM
 
Location: State of Being
35,885 posts, read 67,179,255 times
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Originally Posted by the 7 oh 4 View Post
Uptown Charlotte or Lake Norman.....can't see Real Estate ever going down in either place. We have doubled our money in under 7 years Uptown. Uptown also has the lowest crime rate in the entire city!

That budget would be very tight in either place though...you might get a closet for $200,000.
7oh4 - can you get anything for $300,000? Cause $200,000 down and a loan of $100,000 would be very manageable. Of course, still have HOA dues . . .
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Old 04-14-2008, 04:37 PM
 
Location: Fort Mill, SC
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If I had an extra $200,000, as in I don't need it to live off of at all and won't need it for a while, I would buy land right on the outskirts of all the development and just sit on it for 10-20 years. Since I am in SC I would pick this area either off of 521 or within 5 minutes of 77 in Rock Hill or a little bit further. That might be more long term than what anyone is thinking about though. $200K could make you a whole lot of money in 10-20 years. Certainly wouldn't lose money if you didn't need a mortgage.
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