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Old 03-21-2014, 01:16 PM
 
Location: Charlotte NC
1,028 posts, read 1,358,122 times
Reputation: 638

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Is there TOO much growth in the Charlotte and the Greater Charlotte Region? Everywhere you turn something is going on. Growth is DT Charlotte for one with all the Apartment towers. Which areas in the region needs the growth or do you think that we ares finally managing it fairly well.
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Old 03-21-2014, 08:13 PM
 
2,917 posts, read 5,510,679 times
Reputation: 2798
Yes, especially the new apartments that they are building which will probably command both arms and legs. There are just not enough jobs that pay well in Charlotte to rent some of the newer apartments.
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Old 03-21-2014, 08:28 PM
 
489 posts, read 852,868 times
Reputation: 385
Quote:
Originally Posted by westcoastbabe View Post
Yes, especially the new apartments that they are building which will probably command both arms and legs. There are just not enough jobs that pay well in Charlotte to rent some of the newer apartments.
Tell that to the investors building them. I'm sure they've done their homework more than you have on the matter.
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Old 03-21-2014, 08:56 PM
 
Location: Charlotte
645 posts, read 967,761 times
Reputation: 678
Agreed. Too many apartment developments. The developers don't give a flip about the impact that an apartment complex has on a community. They care about profit-- short term and profit less than twenty years down the road when major repairs and maintenance must be made. R.Talbott, if you were a commercial contractor, you'd be aware of these things.

If apartments were such a good thing for an area, the upscale, old-money neighborhoods wouldn't fight the proposals for zoning changes.

This is a question that many communities such as Charlotte must face: when does a city say "no" to growth? It's a vicious cycle: growth requires increased revenues to sustain it, and in order to increase revenues, the city continues to allow growth until the whole mess becomes non-sustainable. When a major downturn in the economy hits, lenders are stuck with a lot of defaulted property which it unloads to the highest bidder (who doesn't usually bid high enough). The result? Blight.

I'm all for a turning Providence, I- 74 North and I-77 into toll roads to make people who don't live in Charlotte help pay to maintain the city infrastructure that helps them to make a living. Some of that income should stay in Charlotte.
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Old 03-22-2014, 08:33 AM
 
Location: Charlotte
1,445 posts, read 2,176,430 times
Reputation: 879
How is there too many apartment developments when the demand for living Uptown is at an all-time high?
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Old 03-22-2014, 10:24 AM
 
Location: Charlotte
645 posts, read 967,761 times
Reputation: 678
Quote:
Originally Posted by Austincool View Post
How is there too many apartment developments when the demand for living Uptown is at an all-time high?
You're kidding, right?

Uptown isn't all of Charlotte. Drive to the east side and you'll see a plethora of apartment complexes.

You need to get out more.
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Old 03-22-2014, 11:26 AM
 
515 posts, read 987,060 times
Reputation: 269
YES...the keep permitting housing south of the city, but aren't adding any secondary roads. The traffic around Ballantyne is much worse than it was just a few years ago. In a few more years it will be a congested mess like southpark...If developers want the profits associated with building developments, they should be forced to add the infrastructure required to support them...
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Old 03-22-2014, 12:18 PM
 
3,452 posts, read 3,608,278 times
Reputation: 1675
DC Ranks Second Among Cities for Most Apartments Delivered in 2014


ell according to this it tells u which cities have the most units being built for 2014
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Old 03-22-2014, 02:05 PM
 
Location: Charlotte
1,445 posts, read 2,176,430 times
Reputation: 879
Quote:
Originally Posted by LarryBGood View Post
You're kidding, right?

Uptown isn't all of Charlotte. Drive to the east side and you'll see a plethora of apartment complexes.

You need to get out more.
Really? I would have never guessed.

I don't remember saying everyone moving to Charlotte wanted to live in Uptown, but Uptown is the location where the most obvious and recognizable building is taking place.

I don't even live in Uptown.

Quote:
Originally Posted by Staysean23 View Post
DC Ranks Second Among Cities for Most Apartments Delivered in 2014


ell according to this it tells u which cities have the most units being built for 2014
No one said anything about Charlotte topping any lists for having the most units in 2014, therefore I'm not exactly sure why you're posting that or why you decided to venture into the Charlotte forum in general because your hatred for the city doesn't go unnoticed. But if I had to guess, it would have to be for the simple fact Atlanta is on the list and Charlotte is not. Am I right or am I right? Bye Felicia.

Not to mention the fact the link you provided is no longer creditable, at least judging by numbers released three days ago stating that Charlotte has 10,067 units under construction, which would place it fifth after Houston.

Last edited by Austincool; 03-22-2014 at 02:14 PM..
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Old 03-22-2014, 02:43 PM
 
2,917 posts, read 5,510,679 times
Reputation: 2798
Mark my words- The city is being overdeveloped too soon and too quickly especially when the demand as well as the good paying jobs to meet the demand is not there. Sooner or later, it will come back and bite Charlotte in the a@#. The bubble all over again.
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