Here is another anecdote.
There is a region of charlotte NC – in the south called Ballantyne. Its characterised by over priced tract built homes and seriously conjested town houses on tiny lots and the commute from hell (as close as hell gets in charlotte) as well as being 2-4 miles from trailer city South carolina. The houses there are 400K and up in a town where you can buy a similar sized house similar distance from the center of the city for under 150 anyday of the week.
There is 5 of my co workers that live there (prolly many more, but 5 in calling distance) and 4 out of the 5 intend to sell their house in 2-3 years you know, after it appreciates 20% YOY. I was telling them about bad designs (roof that will collect water in 1 Orleans house and a similar design in a Toll house as well as other issues and they all go, yea I’ll be out of here by the time trouble hits. Of course charlotte has switched the high $$ to the north side now as usual, where 485 is about to come through.
Am I crazy or are these clowns flippers who got in in 2007 and 06.
Cool.
Cow_tipping.
