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I know it may seem cool from the outside looking in, however, downtown living is not what it's all cracked up to be.
First of all, I used to live uptown on the lower end of the economic spectrum. I'm not so sure where this "outside looking in" talk is coming from. Secondly, I don't plan on doing it until my nest is a little more empty. And finally, I'll be doing it with a wife (who earns just as much as I do) and rental income from a townhouse that's nearly paid off. Also, we don't make car payments; we pay cash for our cars. Some people in our situations choose to pay uptown-like prices in the burbs as they get older and pay off their first home. We choose to go the uptown route. Empty nesters in many metros throughout the country chooses one or the other. It's not a big deal my friend....
First of all, I used to live uptown on the lower end of the economic spectrum. I'm not so sure where this "outside looking in" talk is coming from. Secondly, I don't plan on doing it until my nest is a little more empty. And finally, I'll be doing it with a wife (who earns just as much as I do) and rental income from a townhouse that's nearly paid off. Also, we don't make car payments; we pay cash for our cars. Some people in our situations choose to pay uptown-like prices in the burbs as they get older and pay off their first home. We choose to go the uptown route. Empty nesters in many metros throughout the country chooses one or the other. It's not a big deal my friend....
I've been in the exact situation. It was just a word of advice, that's all. Uptown is a very homogenous place in my opinion, but hey to each his own. You'll learn, No Pain No Gain... Investing in urban ventures sounds like a better idea IMO. You can never learn enough about financial responsibility and priorities.
If you look at Greensboro, Raleigh, Durham and Winston Salem web sites, they also have a lot going on in construction. The Piedmont cities in NC are growing. This where the big action is in NC for jobs. Wilmington is growing but not like the piedmont cities.
I will post what is going on in Charlotte, but it is up to the members in other cities to post their share of development.
I grew up in the Wilmington Area and glad to see it growing. The riverfront of downtown was a bad place to be when I grew up. Downtown has change so much.
I was on the USS North Carolina when it cane up the Cape Fear River.
Here are some gettyinages of downtown Raleigh. It does not look like it did when I was in Raleigh in the late 60s. I am sure more is to follow what is on these pictures.
Here are some gettyinages of downtown Raleigh. It does not look like it did when I was in Raleigh in the late 60s. I am sure more is to follow what is on these pictures.
Most of those photos are older than 3 years since the Charter Square tower is missing. Here's a more recent one with the soon to open Dillon tower and Union Train Station.
Development ‘Popping Up Like Weeds’ Along Charlotte’s Newest Piece Of The Light Rail, Opening This Week
Charlotte Area Transit System CEO John Lewis will be on the first LYNX Light Rail Blue Line Extension train out of UNC Charlotte Friday. He will take it into Uptown, greeting new passengers along the way, then he will exit and join in the NCAA pre-game celebrations before the first game tips off.
The latest piece of the LYNX Light Rail has not even opened to the public yet, and it is already all anyone is talking about. Developers have rushed in to stake claims at stations all up and down the extension, with the stations closest to Center City in particular already showing a large increase in density.
The LYNX Blue Line debuted 10 years ago this month with ceremoniously packed trains, and it has been shaping Charlotte ever since.
Development has swarmed along the rail line. The influx of high-density commercial, retail and residential has been anchored by the transit connecting the city center to its suburbs.
First look at the FNB tower in CLT. I think it looks great!
Ally tower got an increase to 28 floors as well & BofA got an increase in floors despite both being under construction. Office space gets sponged up in CLT.
There are a lot of tall towers going up. Intercontinental, FNB, Market, Ally, BofA. Then the residential/hotel towers around the size of Skyhouse: Ally hotel, Novel Stonewall, Northwood Ravin Tower, the tower on Graham street, Grand Bohemian. That should push GSO’s tallest as CLT’s 22nd tallest (for perspective)
Last edited by Charlotte485; 03-14-2018 at 07:00 AM..
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