clt’s guide to savings
turn off heat upstairs, warm air rises
go to the recycling center, they have free cardboard that you can burn
put on a hat
I’m watching the housing market.
Inventory is up and prices are down right now. Very noticeably. Trying to determine if it’s just the typical off-season or if the bubble might be crumbling finally in Charlotte.
Most of the real estate in this city is tremendously overpriced IMHO.
And, don’t forget insurance! Car and home insurance is getting nuts!
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We just caught up to other large cities. Charlotte was so much cheaper than similar sized cities for a long time. We have 30k new residents a year and the most six figure earning millenials moving here of any city in the country. I just don’t see prices dropping absent a nationwide recession.
We are overdue for one btw, stock market is even more ridiculous than the housing market.
What you say makes sense, but pretty much all of it can also be applied to Austin Texas, and their pricing bubble has fully popped. Prices have cratered there in the last year.
Will be interesting to watch.
I agree that the cities are similar from a profile perspective but I don’t know enough about Austin to meaningfully comment. I know that most of the people moving to CLT before COVID were living in apartment housing, and many millennials in particular, bought houses, permanently changing the local market. We aren’t building very many new houses here, and I have no idea what the comparison is like in Austin.
I just find it difficult to believe that we will see any sort of drop in the Charlotte market that exceeds the nation in general. Our median prices are significantly below Austins, despite it being basically the same size. $550K in Austin vs. $400K in Charlotte, and property taxes are quite a bit higher in Texas, which means dollar for dollar of your income, you can borrow less money to finance a house there.
If there was a drop, I’d love to take advantage of it any buy something, but I’d be surprised if it comes. Charlotte median home prices are still directly in line with the broader United States - which is actually kind of mind boggling if you think about it for what all we have to offer as a city, and a fast growing one.
I think most of our new residents continue to be in “luxury” apartments for now, which is keeping those numbers down, but if people continue to transition to purchasing homes as they age, I’d expect Charlotte to significantly eclipse national home pricing trends over the next one to two decades.
Last month gas was $170 and power was $270. After seeing what some of you guys said your bills were I’m pretty happy. House is only 6 years old so I guess it’s insulated pretty well. 3400 SQ
Gee, It’s almost like politcians can’t do much to limit inflation. Who knew?
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Well they could contain themselves and not print trillions of dollars, but yeah, other than that, nothing at all!
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I don’t see prices crashing because there is a lot of pent up demand, but I’m getting a lot of price reduced emails for homes I’ve viewed on Zillow.
I’d like to buy a house, but with interest rates where they are, I really don’t want to be more than 300-315. I have $80k to put down so the monthly price would be manageable, but there are sacrifices that have to be made at that $300k level.
Considering your house is bigger than the average for the area, I think those numbers are okay.
Not sure what the hell those hitting north of $400 combined have going on.
I’m in the Asheville area and it was record cold last month. I’m pretty ok with numbers