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You can also look into the "ring neighborhoods" including Villa Heights, The Arts District (NoDa) and even the Camp Greene neighborhoods for some great appreciation potential. Most of these areas are on a similar path to the more established parts of NoDa and Wilmore.
Before you invest in the uptown area you need to understand that Charlotte isn't Miami and it isn't Las Vegas. People don't move to Charlotte to live in a high rise and to enjoy nightlife. People move to Charlotte to live in a suburban house with a yard and to raise their kids in a sane environment.
Before you invest in the uptown area you need to understand that Charlotte isn't Miami and it isn't Las Vegas. People don't move to Charlotte to live in a high rise and to enjoy nightlife. People move to Charlotte to live in a suburban house with a yard and to raise their kids in a sane environment.
Wow! What a statement! Thousands of people move to Charlotte for the exact reasons that you deny (nightlife/high rises, etc). Have you noticed Southend, Uptown, Southpark, Gateway, noda, Elizabeth, Selwyn, and all of the places that have practically all young fun loving people. Not only is Charlotte a city to enjoy a vibrant nightlife, but it is a great place to raise kids in the suburbs too if one wishes. The suburban label that you use is a passe stereotype applicable 20 years ago.
Being extremely familar with Miami and Las Vegas, I would not think twice about selecting Charlotte over either. I do love the beaches and Biscayne Bay in Miami but that's all.
I don't think that Charlotte is the greatest city for a crazy lifestyle, but if one wishes, it is here to be had.
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I don't think that Charlotte is the greatest city for a crazy lifestyle, but if one wishes, it is here to be had.
The post you are responding to was made 6 years ago.
Since that time, I'll note that people who invested in The Park, The Vue, & 210 Trade, suffered a 100% loss in their deposits when those projects failed. We are talking about as much as $60,000 - $75,000 and even more in some cases. These are some of the more extreme examples. There were also a large # of foreclosures, short sales, and general price decreases that burned many more.
If people had listened to the party you were responding to, they might have avoided this "investment" in downtown Charlotte.
What is fascinating in hindsight, is how the condo bubble had already popped everywhere else in 2007. But a crowd (literally) of people showed up one summer morning to put deposits down on 210 Trade (which was never built) because somehow, Charlotte was expected to be immune from what was happening nationwide.
Imagine waiting in line to throw your money away. Sheesh.
I remember that. If memory serves correct, you even had to pay to get into a lottery to get a place in that line for 210 Trade. I thought people were crazy for doing so.
It's proof enough that one should never ever take real estate advice from real estate brokers, bankers, the mainstream press, and anyone else who stands to profit from decisions to purchase real estate.
The post you are responding to was made 6 years ago.
Since that time, I'll note that people who invested in The Park, The Vue, & 210 Trade, suffered a 100% loss in their deposits when those projects failed. We are talking about as much as $60,000 - $75,000 and even more in some cases. These are some of the more extreme examples. There were also a large # of foreclosures, short sales, and general price decreases that burned many more.
If people had listened to the party you were responding to, they might have avoided this "investment" in downtown Charlotte.
Thanks. I need to look at posting dates. I bought property in 2007 for a descent price. It depreciated 40% or a little more. Overall, I expect the value to creep up to profit level in the near future. It is horible that people lost deposits from their attempts to flip, etc.
It is horible that people lost deposits from their attempts to flip, etc
What's "horrible"? Most of the flippers in Miami, Charlotte, Arizona and Vegas were governed by greed. This was not their "real job" they were butchers, bakers and candlestick makers. Greed is a toxic emotion.
Real traders and flippers have moved on and for the most part have recovered their losses. At least from what I have heard.
What's "horrible"? Most of the flippers in Miami, Charlotte, Arizona and Vegas were governed by greed. This was not their "real job" they were butchers, bakers and candlestick makers. Greed is a toxic emotion.
Real traders and flippers have moved on and for the most part have recovered their losses. At least from what I have heard.
I agree that there were many seeking to make money, but I don't think that trying to make money by flipping is necessarily greed. People simply took advantage of investing at a time when rates were really low with the intention of reselling at a later time to make a profit. . I aways considered it as marketing. I have purchased cars in the past at low prices (below market) and resold them at a later time and made a reasonable profit. This didn't make me a greedy butcher. I was happy and the buyer was happy. No strongarm tactics were used.
It is unfortunate that people lose money because a company defaults or the economy takes a downswing . Those that invested and lost money weren't only flippers.
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Thousands of people move to Charlotte for the exact reasons that you deny (nightlife/high rises, etc). Have you noticed Southend, Uptown, Southpark, Gateway, noda, Elizabeth, Selwyn, and all of the places that have practically all young fun loving people. Not only is Charlotte a city to enjoy a vibrant nightlife, but it is a great place to raise kids in the suburbs too if one wishes. The suburban label that you use is a passe stereotype applicable 20 years ago. 
