Quote:
Originally Posted by MikeyKid
...... I feel like the subs with the higher built out %, or at least having their amenities done, are going to hold values the strongest.
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Relative to ones that don't have these things finished this is correct. However if the subdivision is in an area where there are a lot of unfinished ones, even if it has been completed, then it will suffer too. In the long run, if there is a continued retrenchment in real estate then the outer subdivisions from Charlotte are going to lose value the most and will take the longest to recover, if ever. What do you think is going to happen when the tax credits end and The Fed is forced to end this irresponsible game with interest rates?
My recommendation is that if you are looking at buying now, that you stick to built out neighborhoods that were finished more than 10 years ago. I would also stay inside of I-485 or up at the lake. There are great deals on distressed property in neighborhoods that were good long before all this overbuilding took place. You don't want to buy a new home that has the potential of becoming distressed because the neighborhood did. Buying a new home in a new subdivision right now is a pretty bad gamble.
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