Surrounding uptown is definetly a bubble, but not the real bubble. I’d make the case that being walking distance form restaurants, bars, and work is a great thing. In 3 years, I could ahve walked everywhere and never driven the car so much if I did live uptown. I’d also make a case for the old neighborhoods (dilworth, cotswold etc – the real south charlotte). The useless bubble is in south OF charlotte. Ballantyne, and that whole area surrounding it. Its within 5 miles of SC (wholly great place to live BTW) and traffic to there is a bitch, its just insane. A few years ago you could not find anything over 250K there (bad enough I said) now its 400+.
The flip side is – north charlotte or University area is now teeming with builders that are in the 400’s right next to neighborhoods in the 150’s. I live in one of them 150’s and Weiland is putting up olmstead – 400K+ … we are target fixated with 485. Where it goes, the bubble grows. 485 was in ballantyne for 5-6 years and its bubbled up. That is my ghetto take. Yea we cant see past the next week, and we cant see beyond last week. 485 plans have been around for 5-8 years. No one thought of it till now looks like. You can still get some tract developments (centex larkhaven is a clone of mine BTW) under $60-65 a sqft. Who knows what may happen next. Check out their nautilus. Love it, I live in one. Warranty service from centex is designed to make you stop calling them on warranties. So put the screws to them before close and make them fix it and fix it right. They know how, they just wont unless you put some pressure on them.
Cool.
Cow_tipping.
