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My son who is 25 and a CPA is considering a move to Charleston. He does not drink, but is very social. Could anyone please tell me nicer areas for him to start look for housing? Not sure on budget, but open to all areas which are safe and would have younger (possibly single) professionals living in the area.
My son who is 25 and a CPA is considering a move to Charleston. He does not drink, but is very social. Could anyone please tell me nicer areas for him to start look for housing? Not sure on budget, but open to all areas which are safe and would have younger (possibly single) professionals living in the area.
Thanks so much!
Without a budget to go by there are so many possibilities. Is he expecting to rent or buy?
Budget is the biggie but convenience and picking a compatible area also up there. Does he know where he will work? And what his likely interests are? Driving 10-15 miles for hobbies is doable on weekend but the daily traffic in much of Charleston makes 7 miles feel like 30 at rush hour.
On the flip side if someone doesn't like downtown or doesn't like the beaches there is no reason to pay higher rent for proximity.
He would be renting with a budget of $1500/month or less. He does not know where the job will be as he just started thinking he would like to move there. I don't know much about the area, was hoping someone could point out a few different areas that are safe but social. Don't mind a long list
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If you go to sites like Reddit, you'll probably find better answers, but, $1500 and nicer area isn't really a thing in the Charleston metro. This is a fairly high COL to salary area. Open to roommates? Has he ever been here before?
And for his age group, Charleston is a drinking city.
If you go to sites like Reddit, you'll probably find better answers, but, $1500 and nicer area isn't really a thing in the Charleston metro. This is a fairly high COL to salary area. Open to roommates? Has he ever been here before?
And for his age group, Charleston is a drinking city.
To expound on this- there was an article in the paper this week about 58k now being low income in Charleston. Which is actually rather sad when you think about people trying to stay afloat financially. Locals are competing for housing with remote workers and those who transplanted from higher cost of living areas.
If you go to sites like Reddit, you'll probably find better answers, but, $1500 and nicer area isn't really a thing in the Charleston metro. This is a fairly high COL to salary area. Open to roommates? Has he ever been here before?
And for his age group, Charleston is a drinking city.
$1500 is definitely going to be a little challenging for a place of his own but not impossible. James Island and Mt Pleasant are likely out of reach but West Ashley might have some options. I agree, Reddit, FB, Nextdoor and of course Zillow and similar sites are where to look.
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Originally Posted by mrpeatie
To expound on this- there was an article in the paper this week about 58k now being low income in Charleston. Which is actually rather sad when you think about people trying to stay afloat financially. Locals are competing for housing with remote workers and those who transplanted from higher cost of living areas.
Add retirees to that list of folks coming here with more money to spend than the average local resident. Not only do they often have substantial savings socked away but they just sold their house for 50% more than they need to spend here.
A lot of people think Charleston's market is expensive but it's really not when compared to some of the bigger cities in the Northeast or on the west coast.
Add retirees to that list of folks coming here with more money to spend than the average local resident. Not only do they often have substantial savings socked away but they just sold their house for 50% more than they need to spend here.
A lot of people think Charleston's market is expensive but it's really not when compared to some of the bigger cities in the Northeast or on the west coast.
Yeah- I've also been told that a lot of retirees are also no longer afraid of mortgages. So if they have a combo of pension/social security/investment income, they can plunk down a downpayment form part of the proceeds from a previous home and simply make payments on a mortgage that will outlive them. Or encumber a portion of their brokerage/investment account and have 1/2 that value as a loan to themselves and only pay interest. It's really interesting to see how some of the folks with not even exorbitant assets have a lot of leeway to move into pricier properties without intending to have pay them off.
If young professionals can move to New York and make it, young professionals can move to Charleston and make it.
Wages are considerably higher in NYC and it has the benefit of a strong mass transit network. So folks well outside the city have easy/direct access. People know what to expect when looking at NYC. A lot of folks come to Charleston as visitors and are ill prepared for the costs and housing/traffic constraints. We're also have a fairly small job market so there is much less mobility.
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