Donald Trump Ready to Buy Real Estate in Charlotte NC???

Charlotte NC has always seemed to be a healthy and strong real estate market, almost self sustaining despite whatever woes plagued the rest of the country. Our large demographic of banking, technology, and entrepreneurs insulated us as we grew our economy. Although these unusual economic conditions have touched every sector of our market and every demographic with uncertainty and a certain degree of concern, we are proving ourselves to indeed be healthy and strong…in our ability to overcome adversity and recover our economy.
We have just seen more evidence of that in a recent visit from billionaire real estate developer Donald Trump. Though here to speak at an opening of a new local business which will employ thousands; as it always seems to do; the conversation did turn to real estate.
“I would definitely come back to Charlotte. I like Charlotte a lot. It’s a great place.” Trump was quoted as saying when asked about any future plans here. One of the key reasons that Trump and essentially any real estate investor would be in acquisition mode right now is “pricing has become a lot more reasonable”.
One prediction that is worth considering when reviewing whether the market is rebounding is this: Always in the past it has been building starts and even now growth is measured in building starts. But more importantly it has to be absorption. When it is cheaper to buy existing than to build because of availability and other economic factors, building starts wont rise until inventory decreases.
Though we know what we know, we tend to forget and listen to only what the media is reporting, which usually is only raw data minus the understanding of what that data means or what is affecting it. And we have to listen to one of our own to remember what we should pay attention to and how it should influence they way we do business and our attitude toward it.
As quoted last week by “The Donald” himself: “ You could always build, and you could build for less than you can buy. Today you buy for a lot less than you can build.”
Trump is on the prowl for real estate in Charlotte. Let’s find your great investment deal before he gets here with his checkbook!
Carisa L Majesky
NCInvestorBroker@gmail.com