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Western North Carolina The Mountain Region including Asheville
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Old 09-27-2015, 09:40 AM
 
Location: FLORIDA
8,963 posts, read 8,911,705 times
Reputation: 3462

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Quote:
Originally Posted by roadpony View Post
High affordability for well-heeled outside investors, but probably not many existing locals.
Exactly. $30k is "good money" in Asheville.
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Old 09-27-2015, 11:24 AM
 
2,424 posts, read 3,534,727 times
Reputation: 2437
Quote:
Originally Posted by QuilterChick View Post
It was published by a real estate investment and education company. Where do you see it is a 'builder' ?

Maybe you don't want to admit that the OP is a savvy investor? and has savvy consultants?
The author owns a company that builds houses. If anyone is buying real estate in Asheville today for an investment, they are buying in a bubble, according to a couple of architects I met with.

Nationally, Stocks continue downward.. China is struggling… Commodity exporting countries are in trouble… industrial production is projected to be weak in September as it was in August... Oil and car industry are weak... productivity is stagnant... And labor's wages are not rising.
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Old 09-27-2015, 03:53 PM
 
Location: Southport
4,639 posts, read 6,376,202 times
Reputation: 3487
Quote:
Originally Posted by mlhm5 View Post
The author owns a company that builds houses. If anyone is buying real estate in Asheville today for an investment, they are buying in a bubble, according to a couple of architects I met with.

Nationally, Stocks continue downward.. China is struggling… Commodity exporting countries are in trouble… industrial production is projected to be weak in September as it was in August... Oil and car industry are weak... productivity is stagnant... And labor's wages are not rising.
Oh please. Automobile sales are robust. Of course the oil industry is weak...have you checked the price of oil lately? Do you know how much good that does for the rest of the economy? Gas is $2.00 a gallon. Productivity is not "stagnant" (up 3.3% in the second quarter). Wages are rising...not as fast as ideal, but then again, inflation is almost non-existent. Unemployment is low. The sky isn't falling.

Oh, I wonder how the leaf color will be this year? Is October a good time to see that in the mountains?
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Old 09-27-2015, 04:41 PM
 
Location: FLORIDA
8,963 posts, read 8,911,705 times
Reputation: 3462
inflation is non-existent? how about housing in AVL? or elsewhere?

Wages are rising? in AVL are wages rising though?
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Old 09-27-2015, 04:58 PM
 
Location: Southport
4,639 posts, read 6,376,202 times
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Quote:
Originally Posted by StreetSmarts View Post
inflation is non-existent? how about housing in AVL? or elsewhere?

Wages are rising? in AVL are wages rising though?
I'm speaking nationally, obviously, as was the poster to whom I was replying. Does Asheville have an oil industry?
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Old 09-27-2015, 05:34 PM
 
2,424 posts, read 3,534,727 times
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Quote:
Originally Posted by carolinadawg2 View Post
Oh please. Automobile sales are robust. Of course the oil industry is weak...have you checked the price of oil lately? Do you know how much good that does for the rest of the economy? Gas is $2.00 a gallon. Productivity is not "stagnant" (up 3.3% in the second quarter). Wages are rising...not as fast as ideal, but then again, inflation is almost non-existent. Unemployment is low. The sky isn't falling.

Oh, I wonder how the leaf color will be this year? Is October a good time to see that in the mountains?
Asheville RE zips in a bubble. Invest wisely. Retirees are not looking to spend big $$ for a retirement home, they will choose areas cheaper around Asheville. Leaf color in the NC mountains is really poor due to the lack of sugar maples (brilliant reds) and birches (brilliant yellow). You don't get the NE colors.

http://online.wsj.com/media/AUTOYLY.gif
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Old 09-27-2015, 05:43 PM
 
Location: Western NC.
1,324 posts, read 2,509,537 times
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You won't get NE colors but enough color that usually October is beautiful. Wildflowers are everywhere now, yellows, purples, blues, whites.... I love fall in WNC!
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Old 09-27-2015, 05:53 PM
 
Location: Southport
4,639 posts, read 6,376,202 times
Reputation: 3487
Quote:
Originally Posted by mlhm5 View Post
Asheville RE zips in a bubble. Invest wisely. Retirees are not looking to spend big $$ for a retirement home, they will choose areas cheaper around Asheville. Leaf color in the NC mountains is really poor due to the lack of sugar maples (brilliant reds) and birches (brilliant yellow). You don't get the NE colors.
NC leaf color has always looked beautiful to me!

And really, thats (another) ignorant statement on your part.

"In the mountains of North Carolina, 90 percent of the timberland belongs to hardwood forests, predominantly oak-hickory forests, although other combination forests such as oak-pine and maple-beech-birch also cover significant acreage."

Forests- Part 2: Important North Carolina Tree Species | NCpedia
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Old 09-27-2015, 06:11 PM
 
Location: FLORIDA
8,963 posts, read 8,911,705 times
Reputation: 3462
Quote:
Originally Posted by carolinadawg2 View Post
I'm speaking nationally, obviously, as was the poster to whom I was replying. Does Asheville have an oil industry?
Gotcha.

If AVL wages were good, and there was any industry there, it could be a great place for families.
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Old 09-28-2015, 06:05 AM
 
11,113 posts, read 19,530,348 times
Reputation: 10175
Quote:
Originally Posted by StreetSmarts View Post
inflation is non-existent? how about housing in AVL? or elsewhere?

Wages are rising? in AVL are wages rising though?


Cost of living, and real estate markets are all local.
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