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My household consists of 5 with one in college in Savannah and 1 in high school, 1 in elementary, and a toddler. My mother's household consists of 3 with her, my sister and neephew in grade school. I work two full time jobs and my wife works full time also. My sister works full time and my mother is retired. We are all looking to move from Georgia to Raleigh and needed some insight on the pros and cons of Raleigh. My wife and I both work at hospitals and my sister has HR experience. We would possibly all live together for a short time then consider buying once we get settled.
The house prices are much higher in Raleigh than Cartersville, Ga which is fairly close to Dallas.
A $200,000 house there may be $300,000 in Raleigh, and rent would also be higher.
Depending on how old the high schooler is, you might want to wait until they're also in college. Then that's 2 of your kids you could potentially "downsize" out of your move. Granted you would still need to worry about sheltering them when they come home for the holidays/breaks, but if you timed your move for when they're in college, it would be less cramped up in Raleigh for the interim until you "settled" here.
NC has a nearly flat state income tax. That was a bit of a shock when we moved here from a no income tax state. Housing is in a bubble right now as others are telling you. Check actual real estate listings keeping in mind commute times. Overall this is a very safe area but there are a few less desirable areas.
No actual evidence that local housing is currently in a bubble.
Bought "just enough" in north north north Raleigh (almost touching Wake Forest and Rolesville) for $128k. 2 bed, 2 bath built late 1980s. Upon purchase, it was painted throughout, new flooring, and new privacy fence. Everything else was clean and has significant life left in it.
People can call me cheap, but I don't want to be suckered into paying more for being a late entrant to the RDU area, So I live a little farther out, work an odd shift so I don't deal with traffic. 30 minute commute.
It just gets on my nerves when I see a $500k house bid up to $1m by sheer demand in a few short years. It doesn't get any closer to the lake, it doesn't gain any more bedrooms during that time. The free market is just price reflecting how badly someone wants something. There's a lot of dumb money in the free market. In the end, the "winner" might end up with the goods, but at what cost?
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