Here is a link explaining how Charlotte is bigger in both population and size. We had some pretty polarizing comments stating otherwise. Hopefully this puts those assumptions to rest. www.insight22.com/2023/12/28/how-does-charlotte-compare-to-atlanta/#:~:text=In%20fact%2C%20the%20city%20of,as%20measured%20in%20square%20miles.

@commonsense4515

5 ай бұрын

You do a video and say it’s about Charlotte while you’re in Ft Mill South Carolina and Denver NC. That tell me you are comparing city metro area, Atlanta is twice the size of Charlotte in that respect. If you want to do a video on Charlotte homes, try actually being in Charlotte.

@realestatemindset

5 ай бұрын

@commonsense4515 🤦‍♂️That's just in your head, brother, I know this because you aren't really listening to the message. I can't keep going in circles here. Sorry you didn't like or understand the video. Please feel free to make your own video and "educate" us all. You're more than welcome to post the video here. Hopefully, it doesn't take you 1500 miles to get to the communities. I knew you were talking metro from your first comment yesterday and acknowledged that geeeeeeeze. Things don't have to be a war. Let's just always try to improve, grow, and learn. This is why I provided this link. It was for you, bro.

@commonsense4515

5 ай бұрын

Circles? Neither area you went to were in Charlotte 🤷🏼‍♂️ I notice neither of you spoke of the difference in taxes from Ft Mill to Charlotte either. Although I agree, there’s more inventory than builders are letting on about, accuracy matters.

@realestatemindset

5 ай бұрын

Yes sir! I agree accuracy does matter. I like the property tax data set. Thats a really good idea. I'm sorry man, its so hard to cover everything in just about 6/8 hours. If I had more time, financing and MLS access I would make those video's for you. To be honest, sometimes on these trips I miss my family so much I can't even function. I'll do better next time and try to include taxes. I have about 5 more metro videos coming out but I did not include the taxes :( @@commonsense4515

@lisasaunders4835

5 ай бұрын

I may be wrong but I think he said at the beginning of the video that he was going to compare several metro areas. Perhaps you should listen to the whole video.@@commonsense4515

I do home inspections all over the charlotte area, I see this everyday as I drive in and out of these places. Builders will keep building until they go broke. I've been hearing more and more about the builders giving huge discounts and incentives just to get buyers in, but every community has houses just sitting. And at the same time 2 or 3 more phases of prepped ground to build on. And trust me most of the people buying should not be. Most weeks I get buyers telling me they will have to put off most things for a year to recover since they spent everything they have on buying the house... Only a matter of time, broken down car or loss of job before a lot of these houses get listed again it seems. Be carful out there if your looking to buy in one of these communities.

@realestatemindset

5 ай бұрын

Outstanding intel brother thank you so much for taking the time to write this out. I'm very grateful

@m3_melody

5 ай бұрын

I've heard the same about the builders as well....they will build until someone makes them stop. Thank you so much for the intel!

@qualitytouchpainter

5 ай бұрын

They could be in there for two years without making one payment.

@johnkurtz2691

5 ай бұрын

​@@qualitytouchpainter By Filing bankruptcy?

@qualitytouchpainter

5 ай бұрын

@@johnkurtz2691 First payment they receive a letter, 60 days, an attorney is assigned to the case with a $7000 and up fee. The bank takes over the insurance, adds fines and penalties and gives the borrower a lot of time to catch up on the payment, in full or it will be denied. In Texas you have a 2 year right of redemption. They can try to sell it if they have equity and the numbers on the deal work. The last couple of years the states were gifting $25,000 thru programs to help people keep their homes. Some were trying to get a modified loan. In Texas, most homeowners would not be able to afford the increased property insurance, interest and taxes. So just move every body in, do not pay rent and get eventually evicted. When and if the property goes to foreclosure auction, it has another $50,000 added to the mortgage and the bank is the last bidder on record. The bank could buy it and sell it thru various other websites for a couple of more years. They want to limit the supply, so they stagger them out. If the government did not jack things up someone could have swooped down and took everything.

I presently rent in Charlotte area the people who grew up here are getting squeezed . New York Jersey Connecticut etc destroyed affordability

@realestatemindset

5 ай бұрын

That is the problem everywhere. As long as the banks don't get a total bail out we will eventually get back to more affordable levels of home ownership. Hang in there!

@toddholland5612

5 ай бұрын

I right there with you. I have lived in Fort Mill since I was 5(50 years ago). I couldn’t pick 10 people out of a 1000 here anymore

@imagineskyy1849

5 ай бұрын

Same. Grew up here, I can’t afford the same condos my friends bought five years ago 😂 ridiculous

@maureenwiltse9226

5 ай бұрын

Same here in Florida...

@MichaelGolpe

5 ай бұрын

It’s all topsy turvey now. I’m stuck in NY because like many- it’s too expensive to save to move out. Many of us in NY/CT are always sad to read these because we would love to live there without bringing a bad attitude with us. 😢

A person that makes $75,000.00 a year median income CANNOT AFFORD A $400,000.00 home. That equates to over 50% of your income per year for just a mortgage payment! That is insane! Even at 30% you would be house poor. At 50% you will be bankrupt and in foreclosure within a couple years. Especially with hyper-inflation!

@realestatemindset

5 ай бұрын

It's absolutely BONKERS!!!! I hope you enjoyed the video and I really appreciate you commenting.

@FreeAmericanUSA

5 ай бұрын

Our daughter was married in October. They are in mid 20s and have an uphill battle to get ahead.

@fadsa342

4 ай бұрын

It gets worse because if you're living in Charlotte or Raleigh-Durham, you can't make it without a car. So You're paying half of your income on a house and maybe another 10-20% on a car that you hope doesn't break down because you have no real pubic transport options and things are so spaced out

@FreeAmericanUSA

4 ай бұрын

@@fadsa342 Agree, not to mention insurance and buying food, paying bills.

@rapsheets4993

4 ай бұрын

You just need two people working. Neither myself or wife are high earners regular jobs, sales and she's in health care. We make 150k combined. We aren't C Suite or doctors neither of us have more than a tech degree. Tons of people like us

I really don’t understand how anyone would want to pay a 2500$ a month mortgage for those ridiculous “townhomes” and condos.

Those 800K homes were sold for 400K in 2020. That’s crazy that locals cannot afford and most of the homes are brought by ppl from Northeast and west coast.

@trex860

5 ай бұрын

And the traffic is a nightmare.

I live in Charlotte and now they’re building more apartments than anything else.

@y2tnb

5 ай бұрын

new "luxury" apartment on every other street . been here since 2018 and it's insane seeing this happen over time

@sufian1977

5 ай бұрын

@@y2tnb your absolutely correct, I first started coming to Charlotte in 2002 and compared to now it’s an entirely different city. That’s why I call it Charlanta now lol.

@Thisishard2333

4 ай бұрын

I’m down here in Hampstead /Holly Ridge NC. Huge apartment complexes going up everywhere.Cant even imagine where they would even get all these people to rent them.

I built homes, as a hobby, for 34 years here in Michigan. Granted the last “non-tiny home” was in 2002. Yesterday I decided I was going to finally build a small log home for myself; under 1,100 square feet (650 down). I contacted a local log home builder and asked what a turn key price would be just to get an idea of the square foot numbers; in the end I will let them close it in and I will do all the work from the floor down and interior. The turn key price they quoted me, not counting land, water, or septic…was $450 a square foot. I about 💩 my drawers. It looks like with me doing everything except a closed in water tight shell will still be in the $150-$180,000 range. My heart sank.

@realestatemindset

5 ай бұрын

Really appreciate this intel. It's pretty bad in every single metro area.

Charlotte is growing but there no high paying jobs most people moving are remote moving from Florida we can't use new construction for economic growth

@realestatemindset

5 ай бұрын

That's happening in a few areas we covered. Thanks for the intel. I hope you enjoyed the video

Live in the charlotte metro. it's just way over priced now...im looking to leave. As you mentioned it's getting stupid with them building these homes in the middle of nowhere. The nightlife in charlotte isn't that great...only southend is fun and for the price to pay to live in that area you can live in much better cities.

@realestatemindset

5 ай бұрын

Just don't give up and please increase your purchasing power.

I bought a condo in Phoenix and never ever buy a condo or house don’t even rent a bedroom that’s over a garage. Can’t cool it down and people Leave at six am. wake you up.miserable.

@realestatemindset

5 ай бұрын

Sorry to hear that. Thank you for commenting. Hope you enjoyed the video

You could not pay me to live in any of those crap homes all on top of each other

@realestatemindset

5 ай бұрын

You could pay me. I'd sell it immediately lol

@eriq54321

3 күн бұрын

Nope , I'm paying to hear my neighbors playing music and making noises through the walls

Those LITTLE 'apartments' that are being called condos are definitely NOT worth it at all.

@realestatemindset

5 ай бұрын

Agreed! Thank you for commenting!

@MsJen_GZ

5 ай бұрын

100%!!!! HOA fees only continue to go up every few years and before you know it, it could be $500-$800/month! I've seen it. Equivalent to a monthly rent. Not worth it at all

I despise the new trend of putting the biggest home possible on these tiny lots. No space between homes and no back yards. Do people not value privacy and outdoor space anymore? No space to spend outside or for your kids and animals to play. It's depressing to see homes like this. You don't even have room to plant a tree. This is happening all over. Here in Utah they'll build a 4k+ sq ft house with yards just as small as these.

@realestatemindset

5 ай бұрын

Agreed. Depending on the area there are different levels of bad. Now that I'm I in Texas, overall we get some much more lot for our homes.

@allentarver6286

5 ай бұрын

They gotta be first time home buyers

@trex860

5 ай бұрын

I lived in a community like that in Charlotte. From my back porch I could count 27 front doors of other houses. My neighbors house was 5 feet from my house. They squeezed 57 houses onto 18 acres. The traffic was hellish.

@privatecitizen4001

5 ай бұрын

Alot of the subdivisions in auatin they build have no parking so ppl park on both sides of the tiny street leaving a tiny one lane wide path for everyone to drive on.

@v7w37

10 күн бұрын

I think it's an age thing. Younger people don't want a yard to maintain and don't mind more density.

How in the world are homes in Charlotte or NC for that matter, so high? Just before covid you could get an acre of land and a 2000sqft home for $250K. Now they have townhouses for $350K??? Lol and $900K homes on small pieces of land? That's outrageous. They're about 200% too high and that's being nice.

@bubbajones4522

5 ай бұрын

It's called a bubble.

@paulwillisorg

3 ай бұрын

It’s a popular part of the country.

@jcc9925

3 ай бұрын

@paulwillisorg bad answer. Its been popular a long time

That big abandoned building in Fort Mil, SC is the old Heritage USA hotel that was being built by televangelists Jim and Tammy Faye Bakker. Construction was ceased when their fraudulent scandals surfaced and he was charge with several Federal fraud charges. I went to the waterpark several times as a kid as it was open to the public.

@realestatemindset

5 ай бұрын

So awesome. Thank you so much for the intel. That effort means alot and the past memories are awesome

@toddholland5612

5 ай бұрын

I remember the same. We loved going to see the Christmas lights back then. That was a happening place back then

@MRosati5000

5 ай бұрын

That place was cool.

This video reminds me of the 2007 videos people were making, where you saw homebuilders destroying homes that they already built....

@realestatemindset

5 ай бұрын

Wait till you see some other areas that are in way worse shape than this.

@vawt1953

5 ай бұрын

Yes they we’re destroying homes in Victorville CA back than

@RayQ101

5 ай бұрын

@@vawt1953They’ve been building lots of new homes in High desert lately … 😂 But I don’t think crash is coming in Cali this time, too little inventory

Have lived in Charlotte,NC for 30 yrs (primarily Southwest Charlotte on SC/NC State line). Fort Mill is in SC and sits right on NC/SC state lines. Most of people in Fort Mill, SC work in Charlotte, NC and commute into City for work. The biggest problems have been: 1.) newcomers mostly from Northeast (PA/NJ/NY)and West Coast California migration creating demand & driving up prices for originals as well as Ibuyers and institutional investors paying cash for homes in past 5 yrs. Home prices on avg increased between 40% to 50% the past 3 yrs and most prices are not supported by median incomes of residents.

That looks so crazy…personally not a big fan of “house farms”

@realestatemindset

5 ай бұрын

Same here. It's been such a wild journey. I hope you enjoy this work!

currently in south charlotte...it was a magical place when I moved here 15yrs ago, but they wrecked it, now it's overbuilt without the infrastructure, traffic is horrible...I looking to get out....

@sandrah7559

5 ай бұрын

Agree. I moved here about 10 years ago and traffic is horrible and condos everywhere.

@maaike3259

5 ай бұрын

Were/are you near Ballantyne? It seems like a nice area but prices are out of this world. I keep hearing that traffic on Johnson road is a nightmare

@sandrah7559

5 ай бұрын

Yes, traffic in "BONKERS"!! LOL!@@maaike3259

@franksenkel2715

5 ай бұрын

yes, ballantyne area, traffic is horrible at rush hour and will only get worse, a new hospital and giant mixed use project are about to come online in the area...way worse farther along the 485 loop...they are nuts down here, they will close the entire highway due to an accident, it would be like shutting down 93 or 95 up in boston...home prices and rental prices have skyrocketed with covid and have not come back down...

@franksenkel2715

5 ай бұрын

forgot to add, the quality of new homes here is garbage, they don''t even use plywood on the exterior anymore just some sort of manufactured plastic /cardboard...you can cut through the exterior with a knife...I wouldn't buy anything built after 2000

Travis and Melody, you are doing an extraordinary job, more like a mission from God. I suffered in 2008 when I bought a property and within a year it lost value. A house I had in Florida that was worth almost $200,000 was sold for only $36,000. I think that something similar, perhaps not as drastic, is coming soon.

@Peace-nz3jx

5 ай бұрын

Sound prive room may help?

@rapsheets4993

4 ай бұрын

No it's nothing like 2008. We have had massive inflation, unemployment is low. People are in alot of debt, but foreclosures are still at historical lows.

We have a lot of these in Gastonia, about 20 mins from Charlotte it’s a satellite city but glad I was able to find a single family home for about $190k back in 2020. Now all you can find is what you showed in this video.

Let’s take note of the Goonies T-shirt ! 🙌🏻🙌🏻🙌🏻🙌🏻

@realestatemindset

5 ай бұрын

Thank you!!!!!! SO happy someone caught that LOL

Melody has a very dry sense of humor I truly love. Praise the Lord🙃

@realestatemindset

5 ай бұрын

She made the trip so much easier also. The last one I did solo and it took so much out of me to complete. This trip was way better.

@dht084

5 ай бұрын

She knows her sh!+

The Townhomes at Waterstone are GROSS. Who would want their front door next to your neighbor's front door?

@realestatemindset

5 ай бұрын

You should see New York lol

Charlotte sounds oversaturated. Didn't know it was bigger than Atlanta. tbh, I personally would not buy a condo. Those one-car garages don't look big enough to park a medium-sized car. It's probably meant for storage. I bet the neighborhood will end up with a lot of cars parked on the street which makes the neighborhood look shabby and open invite to car break-ins. Someone keeps encouraging me to retire in NC. I'm thinking, no thanks. I checked out property taxes and they're kind of high in comparison to other states. The detached homes at $800K would be tolerable with one-and-one-half car garages they call 2-car but very short driveways for that money, nuh-uh

@realestatemindset

5 ай бұрын

Great insights and overall response. I really appreciate that. Hope you enjoyed the video

@sufian1977

5 ай бұрын

The metro population is bigger than Atlanta. Overall Atlanta is bigger than Charlotte. We call Charlotte Charlanta lol.

@realestatemindset

5 ай бұрын

@@sufian1977 Charlotte overall is bigger in population and size. www.insight22.com/2023/12/28/how-does-charlotte-compare-to-atlanta/#:~:text=In%20fact%2C%20the%20city%20of,as%20measured%20in%20square%20miles.

@jamessullivan8300

10 күн бұрын

You're spot on when it comes to single car garage homes. They come with single car driveways and too many people live in the home. Also, everyone drives their own car. that in turn causes the overflow of cars to park on the street. We have a neighborhood maybe a mile up the road from my place (my daughters friend lives there) and there are so many cars on the not so wide street that I question if emergency vehicles can fit through responding to a call.

What kind of crap subdivision has standing water in new roads? If the roads are that badly engineered I cant only imagine the quality of the homes.

@strykerv1620

9 күн бұрын

they typically cover the storm drains so debris cant go into the drains. also they dont final pave roads until all construction is done from the builder. so all the roads are 2-3 inches below their finish pace atm.

Unemployment is all we need for price discovery.

@realestatemindset

5 ай бұрын

Overall I think your correct. Although in a handful of metros prices are already crashing and it's not because of unemployment. I reviewed several metros last night. I found a couple down -20% from peak and a few at -15%

@kaznika6584

5 ай бұрын

@realestatemindset Ah yeah, good point, I get tunnel vision in my own area sometimes. I live in Northern Virginia, where prices are driven by government spending. Here, the home building increases when government spending increases. The only way that changes is unemployment due to an economic disaster and/or government bankruptcy. It could take a long time for this to play out, though, so I'm saving money in gold and looking at other areas. Your videos are helping me with that.

@trex860

5 ай бұрын

When AI starts to replace banking jobs the correction will be horrific, especially in Charlotte.

@rapsheets4993

4 ай бұрын

​@realestatemindset yeah and other metros are up 15%.

Yeah Charlotte is notorious for zero lot line homes. I lived in Charlotte for a few years. I liked it but there isn’t many good paying jobs. It’s a banking town so those jobs come and go. The it field has been growing but the cost of living has went up dramatically. There’s like 50 Amazon warehouses. I’d move back after the prices stabilize. All the lakes there are used to cool the nuclear power plants. Yeah the traffic is crazy too

Watching this convinces me that we are going to crash hard!

I live in Fort Mill! People are flooding this town because of the schools, but this reporting is music to my ears. The schools here are top rated in South Carolina. That’s WHY they are packing these developments to the max. The schools are so packed, they stopped taking registration at one point last year. Since we moved here in 2014 the level of education has slipped, as I’m sure it has everywhere. AND Fort Mill doesn’t have the infrastructure to support the growth. I hit a deer in broad daylight right around the corner from that large development you found at the end. They have nowhere to go. The property taxes used to be so cheap, but not anymore! You visited the former Jim Baker bird sanctuary!!!!! 😂😂 I wish I would have known you were going to be here so I could have given you the juicy scoop on Fort Mill South Carolina, Brother!

No apology required. I live here and there’s a huge difference between living in Charlotte and Ft Mill or Denver NC.

hey Trav that unhinged new home inventory is absolutely BONKERS!

@realestatemindset

5 ай бұрын

Toby!! 100% Bonkers! Thanks for commenting brother!

City has soooooo many apartments being built.

@realestatemindset

5 ай бұрын

100% I wish we had more time to cover it. We had to work hard and make it through. Sorry about not giving more info on apartment buildings. It would be a great data set to review.

@jesseb2586

5 ай бұрын

I've never seen anything like this.

@manuelmach86

5 ай бұрын

@@jesseb2586treasure valley of idaho is unreal also

@realestatemindset

5 ай бұрын

​@@manuelmach86good intel thank you

😮😮😮 Hey 👋🏼 Travis I just wanted you to know that I have done well over 60 Real Estate transactions and in California and the Nashville area. So I’m very aware of how the market works. But I always appreciate your videos with your awesome thoughts and information. You Definitely are taking care of your viewers and also people like me who already knows a bunch. I’m getting very excited to take advantage of when the SHTF and some awesome opportunities come around. Until then I’m just like you saving my money, Paying off debts and getting ready. Again Thank you very Much my Friend. Blessings,Carlos ✝️🙏❤️😊🇺🇸

@realestatemindset

5 ай бұрын

Carlos, I really appreciate those comments and the time it took for you to write them. I'm ready also brother. Trying to stay patient!

Thanks for cover my home town (Fort Mill). I wish I would have know you were hear, I would have bought you and Melody lunch! Maybe next time!

@realestatemindset

5 ай бұрын

Todd! Thank you so much for that support, it means a lot. Sorry we did not have the time to stick around. It takes so much to complete these trips and we have such little time to capture the markets.

@toddholland5612

5 ай бұрын

No worries. Just glad you made it east!!

Fantastic video thank you two for your hard work 👍🏻😉

@realestatemindset

5 ай бұрын

I'm happy you liked it. Thank you for commenting!

Who can afford an 800k home in Charlotte? Retirees from Northeast? Probably not locals

Thanks again for Boots on the Ground👍🏾 lived in Charlotte in the 90's

12:14 Charlotte in 2016 you could buy a 4 bed, 3 bath, home for $300k. Houses are overpriced right now and need to crash about 40% to get back to a normal price trajectory.

@sandrah7559

5 ай бұрын

Agreed 👍

@MusiqallyDivine

5 ай бұрын

Keep an eye on the M2 money supply. If the Federal Reserve reverses course to QE then the market will crash up, not down.

@threemonkeys5441

5 ай бұрын

Wait until all the truist, wellsfargo and Bank of America layoffs happen after bonus time

Heritage Tower is such an eyesore. Every time I pass by it I just get this eerie feeling like I’m in a ghost movie or something. It juts out above the surrounding scenery and just looms over the area in a way that almost feels menacing. It’s a very ugly building in an otherwise fine area, I’ve never actually been close enough to it to notice how badly it’s falling apart, that just makes it all the more eerie. Hopefully they tear it down soon.

Thank you for so detailed description!

Curious are you planning to cover Raleigh area as well? Thanks for all your amazing videos.

Thank you for covering this, your impromptu comments are funny! Honestly, on a gut level ( visceral reaction) I am disgusted to see this level of environmental destruction. Won't say more because folks would be seriously offended...

@mrscassandrasolano

5 ай бұрын

SAME and to just sit there and not sell or be torn down 😢

It's the same way with rental around here too. I know there's an apartment complex next to me, it's not on any site. There are tons of apartments empty right now. And we're in a "housing shortage". It's a lie. They're under reporting building. Actually 10% of my apartment got kicked out about 2 months ago. All the inventory is coming online by the end of the month, it's like 40 empty apartments in my apartment complex ALONE. so 10% vacancy.

Enjoyed this, you were in my backyard where I grew up on the lake. However, you were nowhere in "Charlotte". Fort Mill is South Carolina and the last part you did was in Maiden and Sherrils Ford area in Catawba County. I hope you had dinner at Lineberger's Steak house.

You & Melody really slowed up much of the hype across the You Tube community about limited availability. Good job placing boots on the ground, gathering information through research. A lot of these guys been talking out of their azzes. Again, good job.. .

Horrible soul-less building. Straight streets, no yards,

Some of those neighborhoods would be hell to live in.

@realestatemindset

5 ай бұрын

You might not be wrong about that

This was incredible great eye opener you always do an awesome job thank you travis

Travis and Melody, can’t say it enough, but you both are amazing . You have a love and passion for us all and want us to win. I have home being built I Lexington North Carolina, and for me I took my time. I’m relocating from Georgia. I continue to learn and grow from your channel. Appreciate your truth and humbleness. Thank you.

Thanks for covering my city!

Ashe downs looks like the gates to hell.

@realestatemindset

5 ай бұрын

Lol thank you for commenting

Been waiting for a Charlotte video for a min thanks for your hard work Travis!

@realestatemindset

5 ай бұрын

My pleasure thank you for commenting and I really hope you enjoy the video.

@jvshbrvwn

5 ай бұрын

@@realestatemindsetalways do! If you ever get a chance to return for boots on the ground the north Charlotte area would be cool to check out too.

This the the best of the real estate channels on the net...top notch and 2nd to none..Keep up the good work T..appreciate you.

@realestatemindset

5 ай бұрын

Appreciate that. Thanks for all the support my friend

For $800,000 I can build a bespoke home on 30 acres. People must have money to burn, and little to no imagination to want these cookie cutter homes.

@realestatemindset

5 ай бұрын

Lol well played

I am a recent transplant to the charlotte area, and I feel sorry for the people who had been here for decades and generations. It’s too expensive now for what the city is. But I’ve seen this happening everywhere and it happened to my hometown. My father bought the home his family had rented since his childhood, for $100k. Now the low end in that neighborhood is $600k, so here I am in Charlotte and I see it happening here

@User-pw3pu

2 күн бұрын

I'm in a small outer suburb of Charlotte, about 45 mins away, but a solid amount of commuters. I've watched houses jump from 100k to 200k while I grew up. Now just since 2018 they've jumped to 400k for these community cookie cutter houses. The jobs and people here simply can't afford these houses but we're going in the same direction California is with these pop up track houses. My biggest issue is it artificially raising the housing market in the area. No reason we now have 25 400k homes when we had maybe 5-8 400k homes in our area 10 years ago. 🤦‍♂️

Finally, someone one with honesty and full transparency. Huge thanks making these videos for folks like us wanting to move to NC. Keep up the good work. sub and liked!

Great video

Nice Travis, looking to buy in San Antonio, TX but need prices to drop about 100.000 to make it affordable I will wait.

@realestatemindset

5 ай бұрын

Hopfully in the meantime you increase your purchasing power and continue to save as much money as possible

@MsJen_GZ

5 ай бұрын

That's like every major city right now and some even more than 100k overpriced!!! Like WTF, pardon my French!

I do construction on the South Shore of Massachusetts. Work for small builders and we have gotten a bit slow. I do realize the market here is EXTREMELY different than where the videos are from.

@BluMaGiKCj

5 ай бұрын

I also like real houses with land. Have 4 vehicles, just me🤷

@realestatemindset

5 ай бұрын

Great insights thank you brother

I hear you on waiting if you can however I’m just about burnt out on waiting. My goal of a single family home in CT (3 bed, 2 bath, 1800sq, on half acre lot) is borderline unobtainable for anything less than 500-600k which is nuts. I foresee a price decline ensuing but not fast enough for me to not be stuck in place for several months more+ The strategy I will likely end up taking on instead is coming in under budget on a condo because with the number of concessions I’d have to take with a single family at this time (i.e. old roof, old water heater, old appliances, dated electrical wiring, etc.) I’d probably not even want to stay in that single family home for more than 5-7 years anyways. The same goes for a condo but at least with that condo my 20% down payment saved for a home in the 500k range goes far far further on a condo and so I’ll have more equity more quickly and will have the option to sell or rent out so long as the HOA allows for it. It’s not the path I thought I’d be taking but it’s the most logical path I’ve been able to come up with given where the market is at and where I think it’s going because if we do see a crash I’d rather take the same % hit on a small dollar value and have money left to invest in more real estate than to be stuck holding the bag on a single family home that I couldn’t unload for even break even.

I live in the FT mill area. My family makes around 200k a year w/ no debt and can’t afford to purchase here it’s insane. All these 600k+ homes would be 200-300k in a smaller city. It’s very disheartening.

@jarvisaddison8560

5 ай бұрын

What were the prices 7 years ago

@yeetchu_1489

5 ай бұрын

200k house neighborhoods turned into 500k - 600k neighborhoods. You can easily spend 650k on an absolute shit hole in a terrible school district. It’s impossible for anyone that didn’t buy in a decade ago to afford anything.

@haihengh

5 ай бұрын

@@jarvisaddison8560 7 years go those townhome are 200-220k, about 2000 sf.

Looks like they're building 15 minute cities to house the sheeple. Fort Mill in in SC and is a bedroom community to Charlotte NC.

My wife and I were contemplating moving to the Charlotte metro area in 2022/2023. We were blown away with all the new construction in Matthews, Mint Hill, Fort Mill (SC), Pineville, Indian Trail, etc. I know Charlotte has become popular in the past few years. But the level on new construction homes and apartments we saw makes hard to believe that many people are migrating there.

TRAVISSS LETS GOO NORTH CAROLINA CHARLOTTE VIDEO. WE NORTH CAROLINIANS NEEDED THIS. GREW UP IN LAKE NORMAN AND COULD NEVER AFFORD TO LIVE THERE. CANT WAIT FOR RALEIGH.

@realestatemindset

5 ай бұрын

We got Raleigh coming at your next! I give you enjoy it!

Love this ❤

Looking forward to Raleigh. I’m in Chatham County just west of Raleigh where two megasite industrial areas are being built. It caused land prices to triple in 3 years.

Dang it wish i could have had a beer with you and Melody while you were here. Hope you got to check out one of the breweries while you were here. Btw, my apartment in Fort Mill area for 750 sq ft, cheap new construction is $1600. Im thinking of moving to Texas. It aint worth it and there are no tech jobs here anymore with banks freezing their hiring.

Darn I missed you in Charlotte ! I live here and it’s been insane for a while , housing crazy

It's the same way here in the Nashville tri-city area, everything that's 3/2 at least 375k for a house slightly less if it's a townhouse/ condo. Income is around the same here but there no way someone can afford that with property tax and insurance plus an hoa along with the floating 6.5-8% interest rate. If only we could get the massive companies to stop buying them, yes I'm looking at you Tricon and Progress.

We moved from Charlotte to Austin in 2021. Charlotte is beautiful

@realestatemindset

5 ай бұрын

Which do you enjoy more?

@theFifthMountain123

5 ай бұрын

Charlotte weather is better. But it’s getting more Ghetto. Austin is more happening.

@realestatemindset

5 ай бұрын

​@@theFifthMountain123fair enough thank you!

@nirui467

5 ай бұрын

Is the cost of living comparable or better?

A lot of the home owners that live next to each other in those new homes don't even talk to each other or say hi when they see them

🎉🎉🎉 Hi 👋🏼 Travis I’m just blown away by how much footage you collect on your short trips. Love watching all your Boots on the ground videos. Thank you for everything you do Sir. Blessings,Carlos ✝️🙏❤️😊🇺🇸

@realestatemindset

5 ай бұрын

It's such hard work brother. I'm really happy you enjoyed it. We have alot more to come!

It's over for Charlotte, but nobody wants to live there😂

TY bro my wife and i want to move to fort mill, stuck in NJ till prices drop

@cobrlex_svt2572

9 күн бұрын

Nah stay over there. We don't need more people and traffic 😂

We moved from Loris, SC to Fort Mill two years ago and we are still renting for the foreseeable future. Its unbelievable how expensive everything is here.

This is pretty much every subdivision in Colorado. Tiny yards and big price tags.

Thank you for the insight! Can you review Raleigh NC and the effects on neighboring cities/suburbs next please?

@realestatemindset

5 ай бұрын

Raleigh is next

I’m waiting to short lennar at 165 this is some good info!

So many townhomes/condos now in the Fort Mill area. Everything is SO overpriced here and prices have gone up about 30-40% since 2018. So nuts and people out of state are pricing out locals.

So true about the traffic it is insane!!!!!!! And this is the south the jobs don’t pay well here. That is why houses used to be so cheap here. When the foundation bottoms out these cheap builds will be worth half of what people are paying….

I think its time for Americans to change the living concept of 3-5 bedroom + 2 garage houses and just buy 1-2 bedrooms apt. I mean, look at those houses, same cookie cutter design in old open land and 1+ hour drive from civilization. Is it really that necessary to live in middle of no where but with big backyard and drive ways?

@jkeelsnc

6 күн бұрын

In the case of Charlotte, those condos way out North Next to Lake Norman may be close to 2 hours to downtown Charlotte. The distance is not quite 30 miles but at morning rush and afternoon rush all of Charlotte metro's nearly 3 million people are on the road so it will take a long time to drive anywhere especially if the only house one can barely afford is out on the edge of the suburbs (but not for long). Charlotte has had a shortage of transportation infrastructure for a very long time. They decided decades ago that they wanted to become a much bigger city but have not kept up with the growth.

This is South Carolina but still appreciate the video. I am looking forward to seeing the Raleigh Durham video.

@Jason-zh5zt

5 ай бұрын

Fort Mill is literally part of Charlotte these days, I lived in the area for 30 years

@LasaundraFrank

6 күн бұрын

I live in Fort Mill it is considered the suburbs of Charlotte. It’s a 5 min drive to Charlotte depending on where in fort mi u are

I've seen ppl in Austin trying to rent our rooms in their house for 900/month! Yesterday I saw a sign in a yard advertising their garage and backyard for rent!!!!!

They did the same thing during 08 crash. They withheld inventory to keep prices up. Bastards..

Travis can you please visit Raleigh, NC.

@realestatemindset

5 ай бұрын

100% That what is next. Big time numbers in Raleigh!

@kellyd8776

5 ай бұрын

​@@realestatemindsetit would be so cool to meet you. I live in the Raleigh area. Too bad you probably don't have time for meet and greets.

@realestatemindset

5 ай бұрын

​@kellyd8776 we already left, and I really wish we had time to meet and greet

@risingphoenix1484

5 ай бұрын

@@realestatemindset I really wish I knew you were coming. I'm a real estate investor.... I would love to have my REA show you the areas from all the building going on in Knightdale, Cary, Durham and Apex...... I saw the writing on the wall sold all my properties in NC and CA in 2021. Just sitting back and watching like a hawk.

Note: the old building you mentioned for potential repurposing is the old Heritage USA Themepark Hotel. Heritage USA was formed by Jim and Tammy Baker who were Christian evangelist that were popular in the 1980s from their PTL worldwide television show. They eventually were disgraced from poor decisions and convicted of fraud and the Heritage USA theme park fell into disrepair thru lawsuits, multiple owners along with substantial deferred maintenance. I live 5 miles from that building and still remember staying in it when it was a functional hotel in the early 90s. There are a ton of old and new subdivisions developed around that area in Fort Mill. I still remember that area as sleepy and mostly rural in the 80s before mass northeastern migration to the south caused overdevelopment.

Thx Travis. I'm selling (short) more DHI.

@realestatemindset

5 ай бұрын

Good luck brother. I hope you enjoyed the video

Trailers probably in a flood zone. Not feasible for a slab home. You might have to park on the raised street to keep your vehicle safe. Nothing is worse than waking up in The middle of a flood.

@realestatemindset

5 ай бұрын

You might be right about that.

What’s up Travis!

@realestatemindset

5 ай бұрын

Just working like crazy! How are you? I hope you enjoy this metro report!

Live in charlotte, my house went from 250k in 2020 to 380k in 2022/2023 so +50% in a couple years.....its wild(zillow). Houses and apartments going up everywhere, charging top dollar of course. Anyway, my house is currently about 335k via zillow...so like 15% off in 1ish year...ive talked to some private investors.. only 1 offered over 300k... lowest was 265k... So ya that would be over 30% of peak... so its definitely trending down.

I wouldn't give them $200,000 for an attached home. I wonder if they are getting FHA home loans

Goonies never say die!

@realestatemindset

5 ай бұрын

GOONIES NEVER DIE!!

I hope you go to Summerville SC. I would love to see the truth there. Thank you for your show!

Yes. Charlotte is a pretty good size city. 900,000 in town and 2.8 million (almost 3 million) in its metro area. However, although Atlanta "only" has 440,000 people in town its metro area is nearly 6 million. So really, looking at the metro area population is more representative than just the city population. You guys went to Wilmington recently. What is going on up in Asheville? It is the most expensive place to live or buy a home in NC (and the southeast).

Yeah, I live Matthews (which is right under Charlotte) and it’s completely not worth living in/around Charlotte anymore.

Also repurpose the apt for the cost of 1m dollar per apt for 1 studio. Likely when if you give it away for people to rebuild you cam renovate for 50k in materials or less each

You should see all the new construction up in mooresville, troutman and statesville.

@realestatemindset

5 ай бұрын

How bad is it?

@kyleglass3942

5 ай бұрын

Get on google maps for troutman nc satellite view and you can see at least 6 within a couple miles of each other. I know there's more than that around the area.

@kyleglass3942

5 ай бұрын

There's at least 6 within a couple miles of each other in troutman nc. You can find them on Google satellite map.

@Pamela-travels

5 ай бұрын

I live in troutman ….and the building is crazy !!!

@trex860

5 ай бұрын

The express lane tolls from Mooresville to downtown Charlotte during rush hour are $20 bucks each way. Yup, $40 bucks a day.

Did cable installs on a lot of new in lake Norman during covid. These homes are juuuuunk, everything has some corners cut. The honeymoon phase of owning these homes wears off fast.