| Raleigh Realtor responds: 1. If a tiny town in Iowa averaged $20,000 in home prices last year, and now averages $100,000, the prices NEEDED to come up. btw, who is buying? 2. RE is not the same as stocks. These tech companies that crashed included alot in Raleigh. We had 100k income guys working in Home Depot after the crash. The tech bust was our "100 year storm". And guess what..we survived and have over 20,000 people moving to the area each year. 3. John - don't call'em "refugees". More like "escapees". 4. If California prices come down 50%, Californians will still find it much cheaper in Danville IL. 5. Chapel Hill and Durham are growing also, but Chapel Hill is getting very expensive because of growth limits. Will NOT happen in Raleigh, we can and are building in every direction. Land is cheap..only building materials are adding to cost. 6. Maybe the housing bust will affect many people, but it is not national imo. I live in a coastal state, for example, being just 2 hours from the Atlantic ocean in a good job market and, believe it or not, NO Bubble! Do you know how many people live more than 2 hours from the ocean, and how many more do NOT live in a coastal state? 7. Finally, yes, you can smoke and get a real estate liscense in North Carolina. Even better, you can get a 3,500 square foot home on an acre for around $300,000. Even better than that,you can be the first to get a Martha Stewart home, and no, it is not a gated community...hehe |
