Negatives of The Raleigh Housing Market

[Andrew Garrett]

Hey everyone. The more research I do on Raleigh and the triangle area in general, the more I believe it could be one of the hottest housing markets over the next 10 years. Beautiful city, near the coast and mountains, a ton of businesses moving into the area, large demand for property, etc etc. I am curious what the general sentiment is on this forum is. I believe Raleigh has favorable macro-economic factors, yet is still semi-affordable compared to other hot markets such as San Diego, Denver, and Seattle.  It is easy to find good things to say about the city, what are some negatives? 

[Patrick Knapp]

@Andrew Garrett

I’ve been investing in NC for a while, the main issue with Raleigh is rents are low compared to costs of homes.

So imo this is a market to buy for equity and not cash flow.