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We moved from LI to West Cary NC 6 years ago. I grew up on LI (North Shore). Once we moved here we never looked back. We chose Cary because of close proximity to all and the schools. We have seen our home price increase nicely over the past 6 years. Apex would be my second choice. Both are extremely family friendly.
We had no interest in Clayton at all. Too far from RTP and we felt it just wasn't going to be as desirable in the future to live so far from the main area where jobs were (at least in the field my hubby is in). Historically people don't pay premiums for houses far from jobs. People will always look for bargains if they have to commute. I compare Clayton to Riverhead and Cary to Garden City in terms of being close to NYC. Riverhead will never get Garden City prices. Friends of ours bought in Clayton 4 years ago and paid 160,000, the house is now listed for the past 6 months at 190,000 and still no buyers. Too many homes to compete with.
It also has alot to do with what you are looking to spend on a home.
If I could only spend 300,000 or under I might consider Clayton, but over that amount I would not.
Just my opinion.
Good luck!
I was only talking about the real estate agents that do "push" people into single family neighborboods when they asked for a more urban condo. They have done this to me when I was buying. Most of them don't "push", but too many do. I stood my ground, but was constantly told over and over again that the value of my townhouse won't go up like a house. I did not care about that at all. I just did not want to live in a detached home. It just wasn't for me. Please don't get offended by my comments, but this is a forum and ALL opinions and experiences should be welcomed. Calling my "accusations unfounded" is like calling me a liar. I don't call others liars nor do I imply that they are lying so please do not do this to me. Let's not show our newcomers the ugly side of NC before they even get here...
Now I do like your suggestion about the dt area of Raleigh. These are the type of areas I would like to see more newcomers told about. The suburbs in the larger areas of this state are wide open now, but won't be that way for long. People who come to this state are not wanting to move again. If everybody continue to flock to areas outside of our large cities, they will not be happy in the long run. The state of NC is doing a horrible job keeping roads up with the growth. The only person that should move 20 miles north of Raleigh is someone who works 20 miles north of Raleigh. It is not wise to move to the burbs if your job is in the center or opposite side of town. Too many people are making this mistake in NC then they complain about the "small" roads and their horrible commute. Prevention is the best medicine when it comes to avoiding long commutes. It starts with choosing a neighborhood.
Ah, another lover of multifamily living.
We adore our flat and the service and amenities provided. Have rented 20 years and plan to keep doing so.
Agents should do what the customer wants, not what they want. I once went into Crossroads Fords and asked for a stripped Escort with a 5 speed and no A/C.
Salesman asked me why anyone would want a car like that. I told him, I wasn't there for an analysis of my car buying preferences. I just wanted to know if he had what I needed on his lot.
The Nissan dealer on Wake Forest Road sold me the exact car I requested and at a great price.
Saturnfan you've rented for 20 years!?!?!?!?!?!?! That's crazy! I can understand preferring to live in multifamily dwellings with some of those conveniences (though it's definitley not for me) but you could have that with buying a condo/townhome! Renting for 20 years is wasting A LOT of money. You seem like a pretty frugal person so I can't imagine you having bad credit.
Last edited by just_sayin'; 10-30-2008 at 11:38 AM..
I always thought it was crazy people prefer to rent over buy too. But I have realized it is just a preference some people have. Some don't like the upkeep and enjoy having someone else do it for them. I think others even say with their savings with renting they can put that in the market or another type of savings (if there is any kind of savings I think it depends on the market and area). Hope that's going ok for them now I think others just don't like being attached to one place and can move last second. Anyways, I am sure there are many other reasons!
Saturnfan you've rented for 20 years!?!?!?!?!?!?! That's crazy! I can understand preferring to live in multifamily dwellings with some of those conveniences (though it's definitley not for me) but you could have that with buying a condo/townhome! Renting for 20 years is wasting A LOT of money. You seem like a pretty frugal person so I can't imagine you having bad credit.
I now have an 800+ FICO score. Own my 2008 Corolla free and clear. No credit card debt.
What I like about renting is the service provided by a good management company and the assurance that unexpected major expenses will not pop up to cream your budget.
At my complex in North Raleigh, Northridge Crossings, service comes at a gallop when you call with an issue. They do what's required and leave no bills even if a heat pump was just replaced.
We went to John Kane's Ramblewood at North Hills this week to see the condo flats they are selling in the high 200's.
Well, the property tax would run about $300/month, the condo fee about $350/month, the added insurance about $50/month + you must repair your appliances as well as all plumbing and electrical inside the walls serving your unit.
The fixtures included in the base price at Ramblewood were not much better than our rental unit.
So, we come up to about $700/month not considering a mortgage payment or the lost interest if we paid cash. As you said, I'm frugal. My rent is $715 including a security system, gym, and pool covered in the rent. The condos by Kane had no amenities.
Now, North Hills is nice, but Ramblewood is not in the community and you can't easily walk to the main North Hills attractions.
So, why would I want to buy? If my apartment ceases to please me, we can freely move at the end of any lease period.
Renting is, as another poster just said, not always an economic necessity. Some folks do prefer to rent.
Last edited by saturnfan; 10-30-2008 at 06:59 PM..
I always thought it was crazy people prefer to rent over buy too. But I have realized it is just a preference some people have. Some don't like the upkeep and enjoy having someone else do it for them. I think others even say with their savings with renting they can put that in the market or another type of savings (if there is any kind of savings I think it depends on the market and area). Hope that's going ok for them now I think others just don't like being attached to one place and can move last second. Anyways, I am sure there are many other reasons!
I have a friend in Charlotte who is in real estate. He said there are some communities in and around both Charlotte and Raleigh where NY'ers have come in and created a NY style neighborhood. Since my wife and I, who live in NY, are hoping one day to move to NC, we would like to know if you folks from those areas have noticed anything like this? If so, is it a problem? Does it create a sense of resentment towards them? Has the influx of NY'ers influenced natives in a positive/negative way? Since we are thinking of moving into one of these areas, we certainly do not want to move into one that resembles what we are trying to move away from. Being that we are in our mid-fifties, we are looking to move somewhere where our lives can slow down and we can appreciate and enjoy our time together. Thanks for any imput you can give us. Blessings.
He said there are some communities in and around both Charlotte and Raleigh where NY'ers have come in and created a NY style neighborhood.
I'm not sure what your friend means by "NY style neighborhood". You can certainly find some suburban neighborhoods in Raleigh or Charlotte with several people from NJ and NY (among other palces) living there but these neighborhoods look no different than any of the others.
What exactly is a NY style neighborhood and how is this style different from any other neighborhood?
Ok, I tried to be PC but here goes. According to my friend, he says that a lot of the people who move into these areas from NY are bringing their attitude and lifestyle which he says, is actually ruining the areas. He says crime has gone up, resentment towards NY'ers is higher and quality of life is going down because of it. I tried to be nice about it but I guess there is no way around it. No offense to NY'ers here but this is what my friend told me, take it from there, I guess. My friend actually is a very nice guy and has no animosity towards others but this is his observation from what he has seen.
Ok Ill take a shot at this one, You really cant just take it out on NY and NJ, the facts are that they are only a small precent of the transplants but they do stand out and make easy targets because of the funny accents they have. Growth is a two sided coin, The ones who move here think its a wonderous thing much better then what they left on the other side the people who grew up and created the area see no real benefit from a herd of people moving in on top of them. The last two years escalated the issue because the growth accelerated out of control. the reason was housing was used like the stock market. sell high in over inflated areas buy low in this area where wages are lower so costs have to be lower. This caused a rush to move here with out jobs and will now be an issue moving forward. Try to think of any positives some one who already lived here(not just natives) would get from people moving in mass. There really is not a true bebefit but the negatives are many, Increase in cost of living higher traffic higher insurance higher ,crime higher job competition more garbage and litter, loss of open space, tougher to get in higher education ,schools over crowded and loss of disipline, on and on. But this is not something that can be stopped and is part of the cycle of life, but no one should dump blame on just NY or NJ. It really is the developers and state goverment who created this sales pitch to incrase tax base and make money. developer from all over the country came here to profit from the area.
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I think others just don't like being attached to one place and can move last second. Anyways, I am sure there are many other reasons!
