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Old 05-30-2010, 01:18 PM
 
3 posts, read 21,122 times
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My husband and I are relocating to Clemmons with our 3 young children. We LOVE the homes in Meadow Glen (which is just past Waterford) in Clemmons.

But I feel like I'm missing something about the neighborhood. My gut is telling me to question it. Can anyone please tell me any information on the neighborhood demographics? Since it's a new development I'm worried that the quality will go down over the next 10 years while some of the other well established neighborhoods in Clemmons continue to have great reputations.

To clarify...I'm curious if the neighborhood is a high percentage of transplants, if the home owners are generally dual income or if there is a high percentage of stay at home moms, and if people are generally living above their means or below their means (ie. did they want to get a huge house for a reasonable price bc they "heard" houses in NC are huge and cheap but they really can't afford it). We moved from FL about 4 years ago just before all the great new neighborhoods had a ton of foreclosures and I'm worried about the possibility of this happening in Meadow Glen.

Though the houses/land/look of the neighborhood is perfect for us, we don't want to regret buying in there in 10 yrs.

HELP!
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Old 06-08-2010, 06:01 PM
 
15 posts, read 26,512 times
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wow, it's so funny. I was about to post the same question here. We are moving to the area this summer, and interested in this particular subdivision. We liked the houses there, but had no idea about the subdivision. Have you found out more about it? In any case, good luck with your move!
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Old 06-09-2010, 01:49 PM
 
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I suppose I'm not entirely clear on what you're asking, but for the sake of responding I'm going to assume you're talking about some of the neighborhoods we hear about where a large percentage of the houses are in foreclosure. I know there are such neighborhoods in places like Florida, California, Florida, and Arizona, but fortunately we don't have that kind of situation here--I'm not aware of anywhere in Forsyth County where this is a problem. Clemmons is one of the higher per capita income towns in the state, so I think it's unlikely that would happen here. Also, the mass foreclosure areas were fueled largely by the sudden devaluations in overheated markets. Since our local market was never overheated, we don't have as much potential for underwater mortgages.

From an investment perspective, I wouldn't hesitate to buy a house in Meadow Glen. It's a very desirable area that's poised for more growth, and the surrounding neighborhoods are nice as well. Hope this helps!
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