Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
See now that keeps the houses somewhat affordable for the rest of us who would buy there first...so it all works out ?? Uh until you go to sell, I guess.
Buying in Durham is definitely a good value in the long term. If you can hold on until attitudes change (20 years, 30 years, more?) then you may experience abnormally high returns but most of us don't have that kind of time horizon.
Great points but the fact is that there is a stigma attached to Durham that isn't likely to change anytime soon. Unfortunately the high crime reputation is as detrimental to property values as actual crime. If I were house hunting in the Triangle area Durham is the last place that I'd buy.
Quote:
Originally Posted by Dave O
Buying in Durham is definitely a good value in the long term. If you can hold on until attitudes change (20 years, 30 years, more?) then you may experience abnormally high returns but most of us don't have that kind of time horizon.
This is nonsense. My home's in one of the traditional neighborhoods in Durham and has experienced 50% appreciation in the last 3 years. What a terrible return. Posts like yours, containing misinformation, certainly add to the "stigma" that you refer to.
Buying in Durham is definitely a good value in the long term. If you can hold on until attitudes change (20 years, 30 years, more?) then you may experience abnormally high returns but most of us don't have that kind of time horizon.
Don't flatter yourself into thinking that 'your' attitude and the attitude of your hick pals is the prevailing attitude.
Fortunately for Durham, there are plenty of people without 'attitude' moving to the area that know a hick attitude when they hear/see it.
Old timers from Raleigh/Cary, etc think that it's the center of the universe, and that any stigma 'they' perceive is one shared by all.
As others have pointed out. Durham doesn't exist in a vacuum, and for people moving in from any number of places from out of state, Durham is just fine.
While everyone is in favor of crime levels anywhere going DOWN, I think most would also be in favor of hicks 'getting a clue'. (Or at least keeping their hick mouths shut.)
**BTW, just so we're all on the same page, here's the definition of HICK I'm using: Provincial; unsophisticated
Buying in Durham is definitely a good value in the long term. If you can hold on until attitudes change (20 years, 30 years, more?) then you may experience abnormally high returns but most of us don't have that kind of time horizon.
What nonsense indeed. I'm set to sell my little starter home in SW Durham in the spring for 35% more than I paid for it 3 years ago--and I didn't come up with those numbers, my realtor and the comps did. IMO, that's some decent appreciation in the SHORT TERM.
I have lived in Raleigh for the past 13 1/2 years and Durham has always been presented on the news to be a very depressed and violent place. I am not saying that this is fact. I am just saying that this is where the misconception may come from.
Durham this time cannot spike real estate carpets, telivision, and or weight benches. Computer railroads are the sky green cage in the pheasant and the basement to which we speaker are apart of. Thanks to the profound glue and the butterfly ditches!
Durham this time cannot spike real estate carpets, telivision, and or weight benches. Computer railroads are the sky green cage in the pheasant and the basement to which we speaker are apart of. Thanks to the profound glue and the butterfly ditches!
Durham this time cannot spike real estate carpets, telivision, and or weight benches. Computer railroads are the sky green cage in the pheasant and the basement to which we speaker are apart of. Thanks to the profound glue and the butterfly ditches!
Durham this time cannot spike real estate carpets, telivision, and or weight benches. Computer railroads are the sky green cage in the pheasant and the basement to which we speaker are apart of. Thanks to the profound glue and the butterfly ditches!
I have lived in Raleigh for the past 13 1/2 years and Durham has always been presented on the news to be a very depressed and violent place. I am not saying that this is fact. I am just saying that this is where the misconception may come from.
Durham doesn't present in the news as a 'very' depressed and violent place. In fact, the news hear is far more tame than in other cities I've lived in. Unlike you, I've lived in several cities, in several states over the past 13 1/2 years, so I have something to compare...
People (especially hicks) hear what they want to hear. THIS is a fact.
You want violent, depressed news, watch the news in Los Angeles. You'd think no place was safe.
Even worse, watch international news. There are people all around the world truly living in 'very' depressed, and extremely violent situations that make Durham look like Shangri-la.
Moderator cut: off topic
Last edited by SunnyKayak; 11-16-2007 at 10:05 AM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
