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Currently interested in relocating the area i'm looking at is Nicholtown. What do you guys think of the area? I obviously worry a little about crime and my house being broken into, but also want to buy into an 'up & coming area' that is ideally close to downtown. Thank you!
It's an up and coming area to you, but it's home to so many other people who will be priced out and have nowhere to go if Nicholtown gets gentrified. Greenville has a serious affordable housing problem because the neighborhoods that had cheaper real estate (and, truthfully, that's why you're looking there) were targeted by affluent people, especially those new to the area. Once gentrification ensues, neighborhoods become unaffordable for the people who have lived there for generations. There was just an article in The Greenville News Online about the severity of this problem, and its causes (gentrification). Don't be selfish and help push people out of homes they can afford; there's already too much of that in Greenville.
Typical progressive mindset, similar to thinking it’s possible to dip water out of one end of a pool and pour it into the other end to make that end deeper. Real estate naturally is valued according to its highest and best use. If those folks own their homes nobody can make them move, and if property taxes keep trending up will have the opportunity to sell at a great price. Renters will always be chaff in the wind.
Decades ago there was whining about property taxes and land values sky ticketing on Hilton Head Island for a handful of families who had received confiscated property from rightful owners 150 years ago. Your property values have gone through the roof and you can’t pay the taxes, boo hoo, cry me a river.
Last edited by mckee16; 01-12-2023 at 09:23 PM..
Reason: Misspelling
Typical progressive mindset, similar to thinking it’s possible to dip water out of one end of a pool and pour it into the other end to make that end deeper. Real estate naturally is valued according to its highest and best use. If those folks own their homes nobody can make them move, and if property taxes keep trending up will have the opportunity to sell at a great price. Renters will always be chaff in the wind.
Decades ago there was whining about property taxes and land values sky ticketing on Hilton Head Island for a handful of families who had received confiscated property from rightful owners 150 years ago. Your property values have gone through the roof and you can’t pay the taxes, boo hoo, cry me a river.
I agree with you. Before I retired in banking 6 years ago, I made several loans to folks that were buying houses in Nicholtown to renovate and move into. It is a quickly changing neighborhood. No one is forcing the homeowners to sell their homes. It is called a fair market for a reason. People buy and people sell. It’s a great country.
Typical progressive mindset, similar to thinking it’s possible to dip water out of one end of a pool and pour it into the other end to make that end deeper. Real estate naturally is valued according to its highest and best use. If those folks own their homes nobody can make them move, and if property taxes keep trending up will have the opportunity to sell at a great price. Renters will always be chaff in the wind.
Decades ago there was whining about property taxes and land values sky ticketing on Hilton Head Island for a handful of families who had received confiscated property from rightful owners 150 years ago. Your property values have gone through the roof and you can’t pay the taxes, boo hoo, cry me a river.
I'm actually not that progressive. I just care about the lack of affordable housing in Greenville and the rapid rate of gentrification of working class neighborhoods pushing low wage earners out. And being able to sell a house at a decent price means nothing if they don't clear enough to buy another house outright (many of the homes in these areas are paid off). But, you know, as long as people like you are able to get what you want I guess it's okay? /s
Well. I'm ethnic myself. So my race is more affected than any. I'd rather see a nice development vs a blighted drug riddled neighborhood. That has nothing to do with pushing anyone out. Plus, I feel an investor has a right to sell his property vs sitting collecting cheap rent that is barely enough to keep the house up. I've been in that position. I'd sell to a development in a heartbeat. We don't buy investment homes for charity. We buy them for profit and income. When there is drugs and violence overtaking the neighborhood I think this is a better alternative. If the person owns they can choose to stay. I will tell you that most that get offered a significant amount won't. And that's from experience. One of the biggest local politicians I know personally is always talking about gentrification and how he's against it. He grew up in one of those areas as I did partially too. He doesn't live there anymore. He's in a nice plush house in the burbs. Quite hypocritical.
It's an up and coming area to you, but it's home to so many other people who will be priced out and have nowhere to go if Nicholtown gets gentrified. Greenville has a serious affordable housing problem because the neighborhoods that had cheaper real estate (and, truthfully, that's why you're looking there) were targeted by affluent people, especially those new to the area. Once gentrification ensues, neighborhoods become unaffordable for the people who have lived there for generations. There was just an article in The Greenville News Online about the severity of this problem, and its causes (gentrification). Don't be selfish and help push people out of homes they can afford; there's already too much of that in Greenville.
While I appreciate your sentiments, did you ever consider that the OP is interested in Nicholtown, because that's what they can afford?
While I appreciate your sentiments, did you ever consider that the OP is interested in Nicholtown, because that's what they can afford?
I'm actually interested in the area because of the proximity to downtown. The house itself is brand new, from my understanding the home previously there was torn down 2 years ago.
I have no interest in displacing anyone, I just wanted to know if the area is worth buying into. From what I can tell it seems to be a good purchase to hold for the long term.
I'm actually interested in the area because of the proximity to downtown. The house itself is brand new, from my understanding the home previously there was torn down 2 years ago.
I have no interest in displacing anyone, I just wanted to know if the area is worth buying into. From what I can tell it seems to be a good purchase to hold for the long term.
again, my concern would be the crime. I'm not up to date on that area, but.. Back in the 90's, I worked for Domino's.. And that was a "No Go" area. That and Woodland Homes (Which no longer exists and is a much better area now) were the only two "No Go" areas.. We'd even go into Piedmont Manor.. Which.. Was kinda iffy, but the residents there watched out for us.
The area may be a whole lot better now.. I don't know. My info is ~30 years old.
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