90% of the people arguing in this thread aren't qualified to do so

9/29/2006 10:13:48 AM

what are the qualifications?

9/29/2006 10:14:18 AM

Well first you have to put $2000 down (refundable) just to attend their info meeting on oct 9th - then a down payment and the rest when you move in

9/29/2006 10:50:06 AM

^I think he was asking about argueing in this thread qualifications. but that too.

Quote :

"plenty of people don't care about living downtown at all"

9/29/2006 10:54:20 AM

Quote :

"what are the qualifications? "

9/29/2006 10:59:23 AM

Quote :

"Well first you have to put $2000 down (refundable) just to attend their info meeting on oct 9th - then a down payment and the rest when you move in"

lol...the 2k reservation fee isn't a reservation to attend a meeting. It is a reservation fee for reserving the condo of your choice at the pre construction pricing. Then that goes towards your 5% down payment when you go to contract

9/29/2006 11:28:56 AM

My opinion is that North Raleigh and Cary will have serious turnover in the next 20 years. Many of the homes in North Raleigh and Cary were built in the 80s which isn't an overly desireable age of construction. Just like 60s homes in Virginia Beach now are a dime a dozen, the 80s will be in the triangle suburbs. The early 1900s are still the resales that have the character and construction people desire or newer construction for those in the market for turn key places.

East Raleigh more so than Cary and North Raleigh has a bunch of clear cut, cookie cutter neighborhoods where developers built "28 day" type houses where the framing was done offsite.

Everyone will have their own opinions when looking for a home but I do see the value of Single Family living, Highrise Condo living, Large Acre living, etc.

9/29/2006 11:31:23 AM

Quote :

"(neighbors, schools, security, surrounding property value, zoning policies)"

-well if youre racist and want mostly white neighbors

-witht he money left you could send your kids to private school

-security is no different its not like east raleigh is the ghetto and there are probobly more police around (burglars have cars too and can hit cary or anywhere))

-those areas may be better investments but places near 540 where the value is low now will sooner or later go up. theres nowhere else to go and when land fills in it will go up. plus the cash can go a longer way if you opened a business or something

-theres a LANDFILL right between falls river and bedford (two overpriced, nice developements in north raleigh) in peoples back yard.

9/29/2006 12:02:51 PM

lol, i never understood the appeal of living downtown anyway

seriously, who would want to live in downtown raleigh

9/29/2006 12:04:52 PM

and i'm a real estate agent

9/29/2006 12:07:06 PM

^^^
With that reasoning, why live in raleigh at all. Just fucking live in Fuquay. You could get a mansion.

If you want to live in the only part of Raleigh where property values have depreciatetd, no one's stopping you.

The point is that most people don't want to, and your arguments as to why people should live there are awful. Obviously there's a market there, mostly for people who are priced out of the better parts of town. Those who have the option will choose to live elsewhere.

^ If that's true, then standards must be pretty low. I pity anyone who uses you as an agent.

9/29/2006 12:08:43 PM

its not about being priced out. its about getting more for your money. people moving to noral know they arent getting the best bang for their buck but they are paying more to be in an area(which is really smart if it cuts commute time or you're closer to where you're going). prices have depreciated in certain areas of eral but they will go up sooner or later.

knightdale is closer in to raleigh than many areas in north raleigh (just because the city limits arent a circle) and that area is low now and about to explode in value with all the new expensive homes,shops, highways. the avg new home is like 3something but the same houses selling for 5something elsewhere and when 540 +3 more commercial developments open it will spike. 64 bypass already running.

9/29/2006 12:31:03 PM

Your talking more for your money IMMEDIATELY. You are not talking about investing or hoping to get a good return on your house. I myself move alot so getting a place in good school districts and very disirable areas is key. If I wanted to buy a 3500 square foot house on 1 acre and drive 30 minutes to work, I could have. Instead I have a 1202 sq ft townhouse 7 blocks from the beach that has increase in value $25k in 2 years plus I have remodeled some so I will likely make $40k profit over a 2 year period.

If I bought the 3500 square foot house I might be breaking even after 2 years. With closing costs and all other associated payments it takes a while to get your money out of a house unless you buy smart.

9/29/2006 1:02:12 PM

if you bought a 1202 place in the cheaper area how much would you save? how long would it take you to make what you could have saved? but saving commute time may be worth it. i just want the #s out there. there are also many better ways to invest money than return on a house, ya know.(if you broke even in 2 years instead of a 40kprofit but saved 100k initially you are still +60k.)

I know places in Knightdale that have increased by 20k in one year and the big boom hasn't even started yet.

The key is not to get into the area that has already grown alot. The key is getting to the area that is going to have the big jump in the future.

[Edited on September 29, 2006 at 1:11 PM. Reason : see]

9/29/2006 1:10:23 PM

I paid $190k for the townhouse...I'm really not sure what a 1202sq ft place in a more rural area would cost. For $190k the other areas were just not my cup of tea at all.

9/29/2006 1:20:24 PM

and a beach vs a rural area is a big difference between eral vs noral

[Edited on September 29, 2006 at 1:25 PM. Reason : its a beach, beach]

9/29/2006 1:25:15 PM

Quote :

"(if you broke even in 2 years instead of a 40kprofit but saved 100k initially you are still +60k.)"

I really hope you're not really a real estate agent....even with that logic you aren't up 60 k...lets say you pay 100k for a place rather than 200k and sell that place for 100k later you are only up a little in equity but after interest, closing costs, etc. you are lucky to break even. But, if you buy the place for 200k that will appreciate to 240k by the time you sell it, you are up 40k plus equity before interest and expenses

And your logic is flawed from the beginning because you aren't saving 100k initially...that's why people get mortgages

9/29/2006 1:45:37 PM

i left that off because every house has them. you act like the profit house doesnt have closing costs or interest. the interest will actually be more.

if you're not saving 100k you're saving 100k of loanable funds.

9/29/2006 2:01:55 PM

Quote :

"you are up 40k plus equity before interest and expenses"

I think I included them in expenses...and don't even start with that 100k of loanable funds junk....the average person is not an avid investor and will only have one mortgage and won't need that available

9/29/2006 3:03:33 PM

Quote :

"Downtown Baltimore sucks...if you can't see water, its not good."

So... it's a lot like downtown Raleigh.

9/29/2006 11:46:22 PM

i knew someday i would pwn you guys about east raleigh.

Quote :

"Real estate agent Brian White said he often steers homebuyers to the area. Once they see they can buy a 3,000-square-foot house for less than $300,000, they're interested."

http://www.newsobserver.com/102/story/491278.html

Quote :

"Northeastern Raleigh itches for city funds RALEIGH - ****** CORRECTION A story on the City & State section front Wednesday incorrectly categorized the athletic facilities proposed for Horseshoe Farm Park in northeast Raleigh. The city's parks and recreation board has recommended two unlit outdoor basketball courts for the site. ****** Not too long ago, the intersection of Mitchell Mill and Forestville roads was little more than a rural crossroads, with a country church, a smattering of businesses and some homes. Now, it's a bustling area. New businesses along with hundreds of new homes are built or planned nearby. To serve it all, the city will open a fire station next year. The area is booming. And so is much of the rest of District B -- the City Council district that stretches from Five Points to Wakefield Plantation and east to the growing neighborhood off U.S. 401 and Buffaloe Road. It is home to 85,000 people. But city spending on major street improvements and parks bond projects for the northeastern part of the city in the past five fiscal years has lagged behind other parts of the city despite the growth. Population increases in the city's so-called Northeast planning district, which includes most of District B, accounted for 26 percent of the city's growth since 2000. The neighboring North planning district, which stretches east of Creedmoor Road and north of Millbrook Road, took in only 19 percent. Northeast Raleigh's District B stretches from established Five Points to the ranch homes of Brentwood and the mishmash of strip malls, apartments and townhouses off Capital Boulevard. It includes the split-levels of Quail Hollow and mansions in Wakefield Plantation. In its farthest reaches, new transitionals and colonial homes are rising off U.S. 401 and Buffaloe Road. Off U.S. 401, Centex Homes is planning more than 1,100 homes in a new neighborhood called Highland Creek. Wake Technical Community College will open its Northern Wake Campus next fall near the intersection of U.S. 401 and I-540, bringing in as many as 3,100 students, staff and faculty. And the city is reviewing plans for 5401 North, a 260-acre project mixing offices, homes and shops at the interchange. Real estate agent Brian White said he often steers homebuyers to the area. Once they see they can buy a 3,000-square-foot house for less than $300,000, they're interested. .""

[Edited on October 8, 2006 at 7:13 PM. Reason : cool]

[Edited on October 8, 2006 at 7:15 PM. Reason : small]

10/8/2006 7:06:51 PM

I put a reservation down on one, and all places were reserved within 24 hours of the initial opening

10/8/2006 9:29:32 PM

Quote :

"i knew someday i would pwn you guys about east raleigh."

East Raleigh =/= Northeast Raleigh
Poole Rd =/= Capital Blvd

Quote :

"Population increases in the city's so-called Northeast planning district, which includes most of District B, accounted for 26 percent of the city's growth since 2000. The neighboring North planning district, which stretches east of Creedmoor Road and north of Millbrook Road, took in only 19 percent. Northeast Raleigh's District B stretches from established Five Points to the ranch homes of Brentwood and the mishmash of strip malls, apartments and townhouses off Capital Boulevard."

10/9/2006 1:27:15 AM

and i was specifically talking about the "new hope" area off capital between the beltline the mall and knightdale closed by capital and new bern ave.

bobbydigital specifially talked about broadlands which is off trawick which is beween capital and new bern.

the article is talking about the same area if you read the whole thing.

NORTHEAST kind of does=EAST for raleigh

i also specifically said the new 540 corridor

victory

10/9/2006 1:35:12 AM

most cities grow to the south... but raleigh is hemmed in by a tiny town bonaza... so north it is

10/9/2006 10:54:28 AM

Quote :

"bobbydigital specifially talked about broadlands which is off trawick which is beween capital and new bern. "

find the post.

I must have really got in your head for you to bump a dead thread with a half relevant article and declare victory. Not to mention you send me a pm to be sure i see it. Pathetic.

go drink some agent orange.

10/9/2006 11:01:19 AM

Quote :

"knightdale closed by capital and new bern ave"

10/9/2006 4:03:43 PM

Quote :

" Not to mention you send me a pm to be sure i see it. Pathetic. "

haha....i always get a kick when people do that. it lets me know i made a difference in their little lives.

10/9/2006 4:05:24 PM

Quote :

"I put a reservation down on one, and all places were reserved within 24 hours of the initial opening"

That can't be true I got an email in the last day or 2 saying 20+ had no reservations on them but some of them have backup reservation on them already and they are encouraging backup reservations b/c some people will likely back out.

10/9/2006 4:06:57 PM

Quote :

"Well here is some residential data. When gas prices increased, foreclosure increased 62.7%, due to the Raleigh push about 10 years ago for the use of ARMs. Foreclosures bring down property value. You can look at Broadlands (off Capital and Trawick road). 14 foreclosures in about 6 months. Everyone was sitting around 130-140k, this time last year. Now, the homes are all selling for about 120-125k. Thats just one example...I have others."

and yes, the area enclosed by the circle created by 440-newbern-knightdale-wake forest-capital blvd-440 is east and ne raleigh.

and it does make a big difference in my life when someone is wrong and the majority thinks theyre right at the end of the day.

10/9/2006 4:16:15 PM

Quote :

"i knew someday i would pwn you guys about east raleigh."

you've got to be fucking kidding me.

10/9/2006 4:17:00 PM

^^ do you know how to read?

That was not my post, retard.

10/9/2006 6:32:34 PM

Got me a back up reservation on a unit...wish I would have pulled the trigger earlier...oh well, I still have a chance.

For those who said to wait and let the prices go down were way off. Since every single unit has a deposit and most have back up deposits, I guess its time to admit Raleigh has demand for high rise living.

10/11/2006 7:55:35 AM