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Perhaps there is hope to save this area from overdevelopment.
If the market tanks even more, it might be like the Internet crash.
Useless companies producing junk that makes no sense may disappear and even the Amazon expansion could be canceled.
Might just wake folks up to the folly of letting development proceed without proper impact fees to insure that local and state governments are not stuck with bond payments on infrastructure built on the assumption that increased property tax revenue will pay off the bonds over time.
I remember the unwise companies that popped up in the internet boom where many companies were jacked up on the NYSE when they were running on seed money, not profits.
Perhaps fiscal sanity may be restored here and throughout the US.
This decline has nothing to do with what you are saying. It’s a function of rate hike fears and inflation as we are in a healthy economy. Why would you want the area to suffer due to a financial meltdown.
I don’t like the loss of natural areas but always wish this place well for those looking for a better life than what they are experiencing in other parts of the country especially inner cities.
"A bit quieter," yes.
But growing still and deferred migration happens when things straighten out. The long term trend lines for growth hardly register the effects of recession.
People without work WILL move for lower salaries when they have no salary.
Of course, any business that ignores basic supply and demand (including in the labor market) is susceptible to not paying any salaries after not thriving and growing.
"Road rage?" Hah. Makes me wonder about the "...and so on's." "Good Pizza, perhaps?"
So true about lower wages.
The unemployment protection in NC was gutted in both amount and time. Losing a high paying job will certainly be a disaster to affected families.
I experienced this in 1989 when Louisiana was hit by the oil crash. Lost pretty much everything and was about two weeks from a homeless shelter.
Many homes and businesses were abandoned and quite a few banks failed.
Why would you want the area to suffer due to a financial meltdown.
Because he's shown over and over again that it's really only all about him. He actually seems to think this would somehow make his quality of life better.
Everyone should back off of CapitalBlvd, he's just playing his role in the great social media experiment in which we're all just lab rats. If everyone agreed with everyone else, where would the fun come from?
And for the record, my 401k is still up over twenty percent from this time last year, even with the seven percent hit I took this week. Markets fluctuate, it's how that goes. You don't make or lose money until you sell and so the only ones who need to worry are those who needed to cash out yesterday, the rest of us will be just fine.
Everyone should back off of CapitalBlvd, he's just playing his role in the great social media experiment in which we're all just lab rats.
Indeed, we should all just ignore him. He's just playing off everyone's reactions at this point. Pretend his posts aren't even there. If anything it'll drive him insane.
Indeed, we should all just ignore him. He's just playing off everyone's reactions at this point. Pretend his posts aren't even there. If anything it'll drive him insane.
Yup - 4 pages of responses to everything this troll posts.
In case people don't think they can resist, there is an "ignore" function of the forum. You'll never even see his posts.
You are missing the whole point of why the market has corrected... rise of interest rates. You should be talking about how this may affect real estate since the stock market will probably come right back but the period of historical low rates is ending.
You are missing the whole point of why the market has corrected... rise of interest rates. You should be talking about how this may affect real estate since the stock market will probably come right back but the period of historical low rates is ending.
Historically rising rates accompany increased property values. The economy is good which means more demand.
The fed has stated they will be raising rates for several years. Not like this is a surprise. Count me as skeptical that was the reason for the sell off. Oh and why did banks sell off? With rising rates their interest income goes up exponentially.
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Makes me wonder about the "...and so on's." "Good Pizza, perhaps?"
