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Old 04-12-2008, 03:24 PM
 
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Just fantisizing here for a moment. If you had an extra $100,000 or $200,000 and decided that you wanted to place that bet on Charlotte N.C. where/how would you invest the money? Would love to hear the opinions of people that have some knowledge on the subject BUT not self-serving opinions. Form your opinions around today and now-current market conditions, etc.
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Old 04-12-2008, 03:41 PM
 
Location: The 12th State
22,974 posts, read 58,616,717 times
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I would actually hold off for now if I had the extra money to invest while the market is somewhat sluggish.

If things was peachy keen like back in 2006 I would invest in the Denver NC area but right now things might have level out for the area and that city.
My feelings right now things might have leveled off far as growth for the time being with situation with economy.

My second choice is the area of Charlotte below Mountain Island Lake . I was there this past week and it looks very up and coming. The only problem is that it is northwest Charlotte and the Stigma West Charlotte might confuse potential home buyers.
(The area near Hwy 16 and Mount Holly Huntersville Road.)
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Old 04-12-2008, 04:11 PM
 
Location: State of Being
35,885 posts, read 67,186,293 times
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Quote:
Originally Posted by johne482 View Post
Just fantisizing here for a moment. If you had an extra $100,000 or $200,000 and decided that you wanted to place that bet on Charlotte N.C. where/how would you invest the money? Would love to hear the opinions of people that have some knowledge on the subject BUT not self-serving opinions. Form your opinions around today and now-current market conditions, etc.
Are you meaning - real estate investment? Or any type of business investment?
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Old 04-12-2008, 04:13 PM
 
Location: CLT native
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Myers Park all the way IMHO.
If I had an extra few K that is where we would be.
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Old 04-12-2008, 04:33 PM
 
Location: State of Being
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Originally Posted by mullman View Post
Myers Park all the way IMHO.
If I had an extra few K that is where we would be.
Ditto on that, Mullman. Who knows? Might do it yet. I bought my lottery ticket.
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Old 04-12-2008, 04:40 PM
 
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With an extra $200,000, I would first take 75% and add it to a SEP IRA, then I'd put the rest it into our children's 529. But, if I'd have another $100,000 to spend, I'd find a good location (already exisiting) in Union County, for a bakery/breakfast-fast-serve opportunity.
I realize that you asked for answers that aren't self-serving, but, unfortunately, $200,000 doesn't go that far anymore.
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Old 04-12-2008, 04:41 PM
 
Location: Back in the Mitten. Formerly NC
3,819 posts, read 5,209,934 times
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You are meaning a real estate purchase, right?
This was on World News Tonight earlier in the week. It took me a while to find it: ABC News

It makes me leary of buying a house. I might want to rent a house instead of an apartment instead.....
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Old 04-12-2008, 04:44 PM
 
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Sorry, you meant real estate...my mistake.
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Old 04-12-2008, 04:48 PM
 
Location: State of Being
35,885 posts, read 67,186,293 times
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Quote:
Originally Posted by stmaarten View Post
With an extra $200,000, I would first take 75% and add it to a SEP IRA, then I'd put the rest it into our children's 529. But, if I'd have another $100,000 to spend, I'd find a good location (already exisiting) in Union County, for a bakery/breakfast-fast-serve opportunity.
I realize that you asked for answers that aren't self-serving, but, unfortunately, $200,000 doesn't go that far anymore.
No, it doesn't go far . . . I hope you win the lottery, too, StM. Your idea for the bakery sounds very appealing to me!

If we get to set up a business w/ our imaginary $200,000, then I would use it to set up an art studio . . . where others could rent out space as well. I would have a portrait studio (photograpy) for myself . . . and co-op out the rest of the space . . . hand pick the vendors . . . would want a java/tea shop . . . maybe a pottery studio . . . maybe even a yoga studio . . .
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Old 04-12-2008, 07:44 PM
 
232 posts, read 655,125 times
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I bet you if you invested the money now, it would pay off later on. Now is actually a good time to buy
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