Charlotte picked in 25 home markets poised to fall

kshead · Nov 8, 2007 at 4:26 PM

magnus said: ↑

condos have to be nearly at the top of the "really fucking stupid overbuilding" right now. People got so gung-ho on the idea of building a brand new downtown condo in every town that has at least one 10+ story building that I've been to, in this state, and most of them rely on a couple big businesses downtown that I don't think are that stable.

I just don't get it. One thing out of your control happens, and you're stuck living downtown in a depreciating asset and you're commuting from downtown to a half-hour-away job instead of walking to work. Don't know if it's that grim in Charlotte, and I'm thinking more of other towns in NC, but I know people investing in these supposed luxury condos on the idea that they will turn a big buck in two years and I don't know that the new units are even filling that fast.
Click to expand...

http://pnhoffman.com/properties/carlylesquare/index.asp

This building is right behind my office. 18 months ago, it cost around $360-ish to buy a broom closet in the place. Now they are about 60-70% full and those closets start in the high 200's.

stevenj · Feb 18, 2014 at 2:25 AM

Find property

Yes you are right. But I need a little help to find out a property in beachfront Mexico site. I am planning to buy a property in beachfront site. Can anyone suggest me where and how can I find ?

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Charlotte picked in 25 home markets poised to fall

kshead What's the spread?

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Charlotte picked in 25 home markets poised to fall

kshead What's the spread?

stevenj Junior Member

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