All Forum Posts by: Danny Kaminsky

@David Ginn This is great analysis. Do you think this will apply to all markets? For example, Austin has seen such intense demand and limited supply that a 600 square foot house costs what a mansion does in other parts of the state. Applicable to this thread because RDU is starting to see the same tech-influx that Austin did many years ago, but also I'm just curious. I agree in large part that there will be a dip in the market when foreclosures begin selling, but in certain high-income areas I imagine this won't be as strong of a dip due to a lower concentration of foreclosures.

@Scott Ashworth thanks! I'd love to talk about what you're doing off-market in Cary, PM me if you'd like to chat!

@Stanley Kutsovsky I agree with all of the above, it's definitely a great time to buy in the Triangle area. I think affordable housing in the area is going to be very difficult to come by in the near future, especially in the areas with great schools like Cary and Chapel Hill. If you have the cash to take on a deal in one of those areas, I think your property value will shoot through the roof. Traditionally less desirable areas like East Durham and SE Raleigh will probably see the largest rent growth as affordable housing dries up and long-term renters in the Triangle move into those areas. Secondary areas like Wake Forest, Hillsborough, and Mebane will probably see appreciation and rent growth for the same reasons. Just my 2 cents. I'd love to hear your take on that @Nadia Bareisha

@Payton Chung

Totally off the original point, but I think Joe is right here. That CBRE article was a 2020 report, but based on 2018-19 numbers, which have little bearing on the market dynamics of a post-COVID world. This article has much more recent data on population trends, which IMO line up with the trends in tech talent:

https://stratodem.com/research/people-flows-and-mobility

As Joe said, Raleigh-Durham, Texas, and Florida MSAs seem likely to continue to have strong growth going forward in this new post-COVID market.

Will the May meetup be 5/12 at 6pm at Miltons?

If you're concerned about the "dip" and are okay with no cash flow, Chapel Hill is probably a great place to buy as well. All of these tech employees will want a great school system for their kids, and it doesn't get better than Chapel Hill for that. Areas with great schools saw far a far smaller drop in value in '08 compared with the baseline

Google is moving into Durham as well, and will be looking to build a permanent campus in the next few years. I'm guessing that's going to be in RTP. Raleigh-Durham could quickly be in the position Austin was a few years ago

@Ray Danishyar I have actually already listened to every BP Podcast on the topic, and tried some other podcasts, just wasn't a fan of the others I found. I definitely loved the BP Podcasts, but just wanted to try a different medium. I've been researching for about 3 months, a little bit of networking with potential buyers in my area. I'm currently building a website but am hoping to get up and running with my marketing by the end of the month.

@Patrick M. Thanks! I'm actually closing a SFH House Hack with her as the closing attorney in a couple of weeks, so I'll be sure to talk to her about this when that is closed.

Thanks Barry and Miller! I'll definitely read both of those!