Gentrification wave washes over Old Fourth Ward (Ideal: HOA, credit)

[aslowdodge]

Originally Posted by arjay57

The west side has already hit the $500s, a million won't be far behind.

https://atlanta.curbed.com/neighborhood/26/west-end

Still plenty of homes well below that price point.
A million is a long ways off. Reminds me of someone saying the sun will burn out. Technically Someday they will be right, but it will be a long time before that happens. Sensationalize much?

[arjay57]

Originally Posted by aslowdodge

Still plenty of homes well below that price point.
A million is a long ways off. Reminds me of someone saying the sun will burn out. Technically Someday they will be right, but it will be a long time before that happens. Sensationalize much?

I'd consider half a million pretty tall cotton.

[aslowdodge]

Originally Posted by arjay57

I'd consider half a million pretty tall cotton.

For some it is, but it still isn’t the million dollar mark you keep suggesting it is if you think half a million is tall cotton, then to get to a million is tall Cotton and a ways away.

[Need4Camaro]

Originally Posted by aslowdodge

For some it is, but it still isn’t the million dollar mark you keep suggesting it is if you think half a million is tall cotton, then to get to a million is tall Cotton and a ways away.

Coming from someone who relocated from San Francisco

On a serious note most in metro Atlanta cannot fathom spending $500k on a place to live, it isnt just some. The salaries for most people in the metro are well below what you came from in San Fran. While Atlanta definitely has much more affordable places to live, people hit their income caps much sooner than you do in the Pacific aswell, in that aspect it's fairly relative unless you have a very high paying job...and while jobs paying $200 - $300k a year are fairly common in San Fran, not so easy to obtain that in the metro unless you're self employed with a strong business.

For you specifically, you are an investor therefore most of Atlanta is pretty much a bargain for you.

However Atlanta wont be reaching 1$ million anytime soon, and even if it did, it would never be able to sustain it for the majorities.

[aslowdodge]

Originally Posted by Need4Camaro

Coming from someone who relocated from San Francisco

On a serious note most in metro Atlanta cannot fathom spending $500k on a place to live, it isnt just some. The salaries for most people in the metro are well below what you came from in San Fran. While Atlanta definitely has much more affordable places to live, people hit their income caps much sooner than you do in the Pacific aswell, in that aspect it's fairly relative unless you have a very high paying job...and while jobs paying $200 - $300k a year are fairly common in San Fran, not so easy to obtain that in the metro unless you're self employed with a strong business.

For you specifically, you are an investor therefore most of Atlanta is pretty much a bargain for you.

However Atlanta wont be reaching 1$ million anytime soon, and even if it did, it would never be able to sustain it for the majorities.

Lol. So true as far as being from San Francisco.
I don’t agree with arjay about the million dollar mark for exactly the reasons you wrote. The economics don’t favor the million dollar mark for a long time.
you can get a nice home in the 300k range here. That is completely non existent in the Bay Area. I’m in the Bay Area now as I type. It’s nice, but I’ll stick with Georgia.

[Need4Camaro]

Originally Posted by aslowdodge

Lol. So true as far as being from San Francisco.
I don’t agree with arjay about the million dollar mark for exactly the reasons you wrote. The economics don’t favor the million dollar mark for a long time.
you can get a nice home in the 300k range here. That is completely non existent in the Bay Area. I’m in the bAy are now as I type. It’s nice, but I’ll stick with Georgia.

Yeah I get what you mean. The prices in San Fran and its suburbs are the most expensive in this nation and I believe within the top ten most expensive places to live in the world. Averaging around 900k - $1 Mil for a house you can get for between $280 - $320k in Atlanta. I loved San Fran and it I could afford it I wouldn't think twice about moving there but there's also CalTax and CalPolitics so as beautiful as that place is, its literally 1%'er city, and unfortunately Seattle is quickly catching up as well.

It's kind of on my todo's to attempt it if I ever leave Austin, not sure if i am going to go that far or if I'm just going to get a house and call it a day and maybe just get a timeshare in SanFran.

[arjay57]

Originally Posted by Need4Camaro

Coming from someone who relocated from San Francisco

On a serious note most in metro Atlanta cannot fathom spending $500k on a place to live, it isnt just some. The salaries for most people in the metro are well below what you came from in San Fran. While Atlanta definitely has much more affordable places to live, people hit their income caps much sooner than you do in the Pacific aswell, in that aspect it's fairly relative unless you have a very high paying job...and while jobs paying $200 - $300k a year are fairly common in San Fran, not so easy to obtain that in the metro unless you're self employed with a strong business.

For you specifically, you are an investor therefore most of Atlanta is pretty much a bargain for you.

However Atlanta wont be reaching 1$ million anytime soon, and even if it did, it would never be able to sustain it for the majorities.

I thought we were talking about within the city of Atlanta proper.

The first photo shows houses under $500K.

If you go up to $500K to $1 million, you have a few more options, but not a lot.

Especially considering that a passel of people are moving into the city every day and scrapping over these few crumbs.

Houses under $500K



Houses $500K and up

[aslowdodge]

Originally Posted by arjay57

I thought we were talking about within the city of Atlanta proper.

The first photo shows houses under $500K.

If you go up to $500K to $1 million, you have a few more options, but not a lot.

Especially considering that a passel of people are moving into the city every day and scrapping over these few crumbs.

Houses under $500K



Houses $500K and up

look up homes on realtor.com and search for homes and condos in Atlanta under $300K, well under your million or even half million you say.
3,318 listings.
No price constraint, 8,179 listings
Again you exagerate by using a term like a few crumbs.
You need to research a bit better before making statements.

[architect77]

Originally Posted by Need4Camaro

Yeah I get what you mean. The prices in San Fran and its suburbs are the most expensive in this nation and I believe within the top ten most expensive places to live in the world. Averaging around 900k - $1 Mil for a house you can get for between $280 - $320k in Atlanta. I loved San Fran and it I could afford it I wouldn't think twice about moving there but there's also CalTax and CalPolitics so as beautiful as that place is, its literally 1%'er city, and unfortunately Seattle is quickly catching up as well.

It's kind of on my todo's to attempt it if I ever leave Austin, not sure if i am going to go that far or if I'm just going to get a house and call it a day and maybe just get a timeshare in SanFran.

It's been 30 years since the Loma Prieta quake, and it's very much time for one to occur again.

That will send some people packing, it would me and I only experienced two little jolts in LA in the 90s,

But I thought that all of these high-priced homes and high rents for Atlanta ($1,700 studios are the norm for Midtown Atlanta) were going like hotcakes due to Atlanta's relatively high salaries compared to the cost of living.

I.E. so many fortune 500 companies here that large salaries were quite common.

Of course it's not anywhere close to the bay area where support staff in dentist offices and social workers make $80-100K in SF proper.

Atlanta's real estate will go down when the next recession hits and it will stay down for a little while.

[Need4Camaro]

Originally Posted by architect77

It's been 30 years since the Loma Prieta quake, and it's very much time for one to occur again.

That will send some people packing, it would me and I only experienced two little jolts in LA in the 90s,

But I thought that all of these high-priced homes and high rents for Atlanta ($1,700 studios are the norm for Midtown Atlanta) were going like hotcakes due to Atlanta's relatively high salaries compared to the cost of living.

I.E. so many fortune 500 companies here that large salaries were quite common.

Of course it's not anywhere close to the bay area where support staff in dentist offices and social workers make $80-100K in SF proper.

Atlanta's real estate will go down when the next recession hits and it will stay down for a little while.

Not high compared to the cost of living, high compared to where they are coming from - or lower CoL compared to where they are coming from.

Also the only ones who really make money at Fortune 500 companies are executives, directors, project managers, and CEO's.

$100k a year is not enough to foot a $500k house comfortably. Theres an obscene difference in the mortgage of a $500k house vs a $1,700 studio. Its like 4 times higher after including taxes, interest and HOA's