CUSSED OUT! New Home Liquidation in North Carolina
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- Опубликовано: 30 июл 2024
- CUSSED OUT! New Home Liquidation in North Carolina
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0:00 - Intro
1:01 - Map
1:45 - Subdivisions
4:24 - Wilmington, North Carolina Stats with @m3_melody
8:37 - Walk Around Bella Point Cottages
10:21 - Fly Over Bella Point
13:23 - Walk Around The Groves at Olde George Towne
16:16 - Build to Rent #1
18:21 - Walk Around Seaside Palms
20:42 - Build to Rent #2
21:52 - Walk Around Eagle Run
24:39 - Very Aggressive Builder Rep
25:43 - Melody Wright Conclusion
26:48 - Walk Around Calabash
Data Source:
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#northcarolinarealestate #realestatenews #housingmarketupdate
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Dude is stressed out, he knows what’s coming lol.
Yep 💯 he knows more than anyone
Very stressed!
But no need to disrespect anyone in the process
Buyers remorse. He is stuck paying $3000 a month for 30 years with no deductions. If he is lucky can rent it for $2000 a month. He will have to pay it down $100,000 to break even.
I wouldn't be surprised if they start banning RUclipsrs from filming the truth.
I work for the power company in simpsonville sc which is Greenville county. About 2 years ago we couldn’t keep up installing power with how fast new developments went up and sold. This has drastically changed since 2023. A lot of the developments have many houses move in ready with nobody buying. And price cuts haven’t helped . I cover a big area so I see the Chang on a large area. Definitely coming down! Thanks for all the videos 🙏
Dude, we have a pretty big multi-Family in Bozeman --- the transformers are out 57 weeks -- they are hanging drywall with no heat and we put the order in almost 2 years ago
Good insight. I mostly just follow the finance industry and the debt instrument structure. Institutional private finance is propping it up, but they will be buying up a lot of new. The main issue is because owning for the elderly is becoming to unstable with insurance and taxes exploding. Renting is a non-commitment option for the elderly. They can have enough savings for the higher rental costs up front, but they can bail pretty quick when the rent goes up. They are retired, so location is flexible. Ten thousand a day of basically leasing America. Sounds and looks like the global finance agenda is on track to a much different future here in the U.S. just a matter of time till the investment big players push the little ones out. Think of it like pharmacies, grocers, and main streets. The independents were and are continuing to be crushed by Wall Street.
What does your nation look like when your government only caters to the 1%?
Puerto Rico🎯 Almost 50% hovering around poverty. That is what we see taking hold here, every year worse, with no government oversight to what kind of nation institutional private finance is creating. A sad retreat into a purely gilded age.
@vickijohnson9367 absolutely correct. You may enjoy the Channel Gary's economics. He covers exactly what you describe
You cant get any more cookie cutter than those homes.
They look less like houses than like large storage sheds.
Thwy will own nothing and be happy. I've been expecting small fenced yards.
DR Horton is the worst of the worst. All national builders suck, but DR Horton takes the cake.
They look like base housing.
what a jacka55 , not surprised though. The quality of people in real estate is currently bottom of the barrel. I got yelled at by tricon residential in north phoenix last year
I live in N Phoenix too. My wife and I walk our dog through these developing neighborhoods, but no issues so far. We're not YTers, we just take photos and videos of addresses of supposed "SOLD" units to verify when we get home with the gis website. Never got yelled at, but 90% of the so-called sold units are still owned by the builders.
I sold my home in Wilmington in 2022 and built a new home in Charlotte....best decision ive ever made. Wilmington is becoming extremely expensive because of the beach tax. Not to mention the rising crime and gang activities.
Ive had two friends that moved from philly to NC (Raleigh/Ashville) within the last year. They love it so far. How do you feel about NC and/or the Charlotte area?
Don't forget PFAS in the 💦 water. Chemours water containment. 😯
Wow. Thank you for the intel!
I moved the opposite direction, charlotte to Wilmington. Prices here are still much cheaper, better environment and less traffic.
lol gang activity.
Travis I've said it before and I'll say it once more. Your onsite walk through is excellent as is your support team. I'm sorry you encountered the negativity in the course of your investigation but surely know you and your team are doing excellent work.
I hate the way they clear cut all the trees. Trees would add to the values.
Yes, it wood (haha) be nice to see them leave some trees. Agree.
Hard to leave any trees when the lots are so small. Thinking of all the digging and trenching done for sewer, storm drains, and power.
LOL at the Pulte thug. One more reason to never buy from them, I guess :D
We are leaving Wilmington as fast as we can. We have lived here for three years to be near our family when my husband worked remote. I grew up in Brunswick county and sadly a lot of the developments going up are poor quality in my opinion. My husband took a new position and can no longer work remote but I'm fine with that. We will move back to central NC area
where we lived for 20 years prior to our move. Being a nurse also the healthcare is less to be desired in Wilmington. Due to the growth, people can wait up to 10 months to see a healthcare specialist. The reputation of the local hospital is not highly regarded. Also the insurance companies wanted to raise the home insurance this year in some areas here as high as 99%. The NC insurance Commissioner said no but if NC follows the trends in California and Florida, I think major insurance companies will eventually pull out of NC coastal areas due to high risk. Things to consider when you move to an area. You need to really research it to see if the quality of life is there. I seen so much growth with little thought to the infrastructure here in Wilmington and it is starting to show.
1900-2500/month rent in Wilmington is absurd.
Yeah, compare to the income it doesn’t make sense.
Will my job at Wendy's pay that rent.what are those folks smoking I need some of that shit.
🏆⭐Travis and Melody⭐🏆 are the Rock Stars of Real Estate News.
Thanks for all the boots on the ground.
Thank you so much and thank you for watching!
🎉🎉🎉 WOW 😯❗️The things you do to bring us news. 😢
People really need to share love and Pray for each other. Thank you Travis for everything you do. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Hes stressed out because he biult into a bubble. I'd be agitated too😂😂😂
He's nicknamed Fentanyl Frankie
More houses than jobs. University, strip clubs, city government and medical jobs. That’s about it. Drugs are a HUGE problem there.
Welcome to North Carolina Travis! 😂😂 they can see it falling apart between their eyes
Be safe out there brotha. Folks in that business are stressed and unpredictable. We don't need u in danger bro. You are saving us all. LOL 😂😎💪🏽
Glad I got out of Myrtle Beach in time. My townhome was in Market Commons, I paid 392,000 and was able to sell for $510,000 in 2022. Northerns are flooding the Myrtle Beach area and were paying cash.
The lower priced small houses without fences looked like modular homes
$272,500 for 1,343 sq ft!!! They can keep it!
When I saw the drone shots those looked like mobile homes! LOL
We travel 2 hours to go to Atlantic Beach, Carolina Beach... we go to Church, then have an awesome seafood dinner & buy fresh fish in Wilmington... after dealing with the traffic on 421, we get back to the (at present) sanity of central NC. While I'd move to Wilmington if the price was right, I'd take Charleston SC over it in a heartbeat. Thank you both for the great work!
I live right on the line Wilmington & Castle Hayne NC. There are 2 huge new communities being built on the Cape Fear river. One sign says gated community, $600,000. I have lived here 30 years. The Wrightsville Beach Mayfair area has lots of residential and commercial buildings being built too. Relatively new area The Pointe, lots of new stores, restaurants, movie theaters, tons of new apartments and houses. We want have any woods/trees left. Can’t find parking at the beaches. A lot of transients coming here.
Dude... I waited like 2 week for this video to come out and you didn't even go to Wilmington?
Bolivia - calabash is just retirement/remote worker homes... Wilmington, Leland, and Hampstead is what I was hoping you would have covered...
I said the same thing.. he is in Brunswick county in the country..not Wilmington
Drive by reporting....even in Wilmington no one has a real job. Everyone is remote. Over half my friends here don't show up to an office.
This video is kinda funny. I've never watched one from this guy. But someone shared it I know. No construction workers....while its raining. There's also only so many contractors in the area. They all are spread pretty thin. I'm involved in the construction industry in a way here and a resident of the area for 19 years. I think the video is very misleading and panic, click bait material.
Yeah I figured he would be out in castle hayne or hampstead but he was in Brunswick County. Calabash is myrtle beach area
Im a broker in Wilmington and own a real estate firm. There’s a massive difference in Bolivia, Shallotte and Calabash compared to Leland and Wilmington.
Yes, the homes are sitting on the market longer but without a doubt these homes will sell for very close to list price in a normal time frame.
Massive amounts of transplants in the area y’all looked too.
But if you look at stats in Wilmington proper. They are still insane.
Stay safe. Thanks Travis. I'm in Florida. West Coast 45 minutes north of Tampa the home prices have skyrocketed since we are on the western coast line. Small town feel in Citrus County. Been here for 23 years and the prices are just nuts. All insurances from homeowners ,car and health care have increased. Duke Energy is no sweet deal either. Garbage haulaway has increased and there is no industry just service jobs. The permits being pulled in the county are numerous. Cant get into see a doctor for two months and everywhere you go lines of people at the store as one register and multiple self check-out lanes which people are not interested in. The area has become consumed with high end buyers wanting to knockdown the current homes and build mini mansions on the lot lines. There are lots of retirement folks no longer interested in staying. Where to go?
I placed my home in FSBO at an elevated rate and will move when the pay me to do so. New hotels coming the roads have been updated and we even have electric car hook ups at Wawa. I'm not overly concerned with the influx but I am concerned with what type of community it will become!
Move to Mexico or El Salvador
And the problem is….how can an area grow and provide enough services, shopping, stores, roads, to support all these new people when the people to work these jobs cannot live within a few miles of development? You are already seeing this in the grocery store lines. They don’t have and can’t get the help they need because a person who makes $15 an hour isn’t going to drive 30 miles to work. And that’s especially in FL, where a person making $15 an hour may not be able to afford the insurance on a car at all.
Personally, I have a lot of convenience where I live now. I am seriously considering an RV so I can just roam around until I find what I really want.
The people that are coming have mega money and the new shopping is 5 miles from the Coast and inland had developed in the county as well. Again nothing magical just the same ole crappy stores america accepts. Walmart, Target, Starbucks, Culver's, Panera Bread and a like. Worthless. Cannot find an upscale clothing store like in Tampa or Sarasota. They newbies won't stay as they will be deprived of shopping. Not everyone fishes and golfs.
I lived in Wilmington.. If you arent a college student or retired there is no reason to live there. The coastal carolinas have no jobs. Got to go to Raleigh/Durham for work. It's saturated because you have people from UNC/Duke/ECU/UNCG/UNCW/Coastal Carolina many smaller colleges all going after the same jobs.
The rent is too damn high!
Great footage guys! Even though they are cheaply made, I do appreciate the new saturation of the market and the smaller homes. Not everybody needs to cool or heat a 3000sqft home and pay crazy property taxes. There needs to be a market for starter homes.
No they want 3000 square foot homes with all the trappings for the price of starter homes. You can't have it both ways. If you cannot afford a Camry go get a Ford Focus, but don't expect the same amenities. Builders like DR Horton can afford to sell a more affordable home because of economy of scale so be glad there is a DR Horton and MacDonald of the world so people who need a baseline price can at least have food and shelter. IJS
That's not Wilmington.. Wilmington is in new Hanover county..it's in Brunswick county..it's rural..it's high for that area
True. Outside of Wilmington area what he should be saying.
Brunswick county has over 150k people, he's clueless calling it Wilmington
You've definitely said it! You get what you pay for. Look at the cheap materials those houses are being built with on their exterior walls, particle board! I'd like to see how they will end up after a hurricane passes by. SMH, the construction now is horrible!
They aren't worth the environment they destroyed and that's for sure!
OSB has been industry standard for a long time. Your house is probably OSB.
Travis, when you get into South Carolina, please visit Summerville. It’s very close to Charleston. They have TONS of new construction, especially in the 55+ communities. Would like to know what’s going on there. Keep up the good work Travis !
I'm seeing the same been looking in Charleston area too
What happened to Southern hospitality....lol
southerners don't live there anymore
We got invaded by people from CA and yankees and NJ. It's hard to find someone who is actually from NC anymore. Everyone is from somewhere else and they are rude and obnoxious.
Please don't send them to Alabama.
No one wants to live in Alabama 😂
@@prettybrwneyez7757 True, but not the worst state I ever lived in! (Now, what does that say about the reality of our nation!?)
I traveled through Alabama top to (almost) bottom for almost 4 decades, and lived in Mobile for 3 years during Wallace’s last stint, when America was building all the apartment complexes, and jobs were almost impossible to find.
It is a poor state, but beautiful. Sad that America puts up with so much poverty, it’s all over, really bad policies that scream corruption of government through institutional finance that is definitely not a friend to our people or democracy.
Thank you for your hard work. Seeing what builders put up as available is one thing, but being there is another. This give big short vibes when Steve’s character is walking around the sub divisions and seeing empty homes and rentals.
The thing about the "affordable" houses in the south most of them are outside of major cities now with no jobs. Its good for someone that works remotely but other than that.
as a local currently renting in this area house hunting South Port and Oak Island, the problem I see with these homes is: too many folks with motorcycles or cheap cars/trucks that love loud mufflers. The homes are so thin that you hear the vehicles starting around 6am as well as your neighbors stereo.
The material vinyl cheap siding they currently use to make these houses are not worth buying furthermore, they also have HOA's definitely do not buy these houses
Thank you Travis and Melody!
Const Worker Bio's:
Painter proficiencies - Alcoholism
Carpet Installers - Weed Smokers
The Rest... take you pick lol.
Many good guys, especially now very few know trades. Victims of the Global Reset Plan.
Some of these communities remind Me of Edward scissor Hands movie.
It's a public street. You don't have to tell him what you are doing or what you are going to say. Tell him to check out the Constitution, it's in the First Amendment, it's called freedom of speech. OR, if someone gets in my grill and asks 'what are you doing?', I answer "Living the American Dream!" That usually stumps them. Lol.
Thank you for doing these videos! I know it’s a lot of work. Always hit the 👍
Melody's shirt is amazing! Y'all need to market some of those products.
Looks like military housing. Pass.
It does- but at least that’s free to live in- we did for 27 years 🙂
Great. video thanks for the bloots on the ground . The property that was across from Eagle Run We're all the homes connected??
Those homes look similar to the national builder homes in central IN.
I wonder if they are focusing on retirees because when I see 2 stories, I don't think retirees. I think retirees would be drawn mor to ranch homes. But maybe multigen homes with the primary downstairs.
Thanks to both of you for all the hard work! It is sad that people have to be so rude especially in what is supposed to be a customer service business of selling homes.
I was on the west side of Fort Wayne last week. They have a bunch of tract home subs going up.
@@mph5896 That area is definitely growing and still has more affordable homes for now:)
Guy in the redshirt knows the housing crash is coming more than anyone.
That’s crazy! I’d offer $60K tops for that tiny 3 bed with siding around it. Actually, I wouldn’t offer that much if I saw illegals get subbed out peeing on the slab and framing like most new builds.
As a retiree.. there is no way I want to live in that area... its just another housing complex.. I would rather go sdmewhere close to a beach or forest or lake .. that has good walking trails, local restaurants, things to do.. or watch..
You do better to buy a private home .. I live in this area ..these are quick builds and 2 years ago these homes were 100k.whats that telling you
Love Melody's shirt.
BoNkErS! Man, sorry you had to endure the rudeness, y'all. Great video, appreciate the work! Thanks. 💙🌿💕
Build to Rent! The future......... Wan Bridge is all over this in Texas. Homeboy could have plaif his cards sonmuch better and got some good PR for the development. Kiss that goodbye 😆 . Another excellent videio 👍
Great job,Travis. Thank you for your hard work!
Jobs ? Industry ? The homes are being built for Yankees who are retired. Higher prices in Calabash area due to the proximity of the ocean.
So true,.....the retirees from New York,New Jersey,Philadelphia,Maryland/Northern Virginia/D.C corridor are coming down with mountains of money after cashing in.They dont care at all about getting a job,...or industry.
Hmmmmmm
Lmao
What a pr*ck !!!
It’s as if that dude knows what’s really going On, and has been briefed by his upper management.
They absolutely know what is going on. They have known for a long time. Their business, like all of them, are just a means to an end. There are no other jobs out there for them, they know that. Unless they want to be a long distance semi truck driver. The pickings are getting slim.
Thanks again and again for doing this Travis!
Dang you two!!! Be careful!
Man Travis that's crazy AKA Bonkers
No thanks. Wait until the first hurricane blows through and those roofs get ripped off and places get flooded. Wet sheetrock and wet floors. What a mess.
when interest rates come down, the tiny home communities will probably turn into section 8 housing.
all the banks are going bankrupt and will not be doing any loans so where do you do the financing?
Love this series of new construction visits. You guys are really doing great work! Thank you.
Thank you for your service Travis and friends. Keep doing you. The guy knows the writing on the wall. He just couldn’t handle it
NC has a lot of out of state migration but houses are sitting. There is low inventory but they are still sitting.
What are those long narrow homes? The driveway is faraway from the front door, plus there is no fencing whatsoever? Builders don't care.
You seem to only pick vacation home areas. Try the Washington, DC meto area. Prices are not going down and inventory is not growing. Myrtle Beach, SC and Wilmington, NC are cop outs. These are beach towns that have very volatile housing markets. You don't seem to go to Chicago or Dallas or Washington, DC or Los Angeles where people have careers and high salaries. Instead, you go to vacation towns where people mostly have second homes or are at the mercy of tourism.
We did Washington DC about 2 weeks ago. Only got 5k views. For some reason many people don't care about DC.
Travis, really appreciate all your hard work. Thank you so much for your dedication.!! You Rule…
Have to say the walkthroughs is great eye opener. Thank you Travis and Team.
Asking if its a public road to staff is useless. Since its private property of the developer until the transferring of the roads over to DOT or HOA DOT must actually accept the transfer usually after development is completed.
I was in that area looking for a retirement home-one floor 1200-1500 sq ft. Well, the new homes we toured are not built very well. My husband doesn’t like that they poor the concrete slab without any wire mesh. The homes already have cracks in the concrete. So I’m not sure what we will do. We only want to spend 350 the highest. Under 300 would be best! But it doesn’t look good there.
What the heck is wrong with that guy?
Just bought a home there.
I knew you'd eventually get confronted by a "Karen". Well, I guess in this case a "Daren". Lol
Shocking riot last week in Charlotte by Eritreans attacking the police and setting fires. Passing on NC and heading to further South.
I literally had to look up what Eritreans were... ugh. I had no clue. Wow, that was a load to read, lol. Good grief, they have been busy fighting with other groups (I guess?). Interesting.
Wilmington is a retirement community, also easy access for people from Raleigh or Fayetteville for second homes by the beach. Your retirement pool is not just people that don’t want to retire to Florida. NC has a lot of military bases especially in eastern NC, so you can retire and still have easy access to the military bases with your healthcare access and the commissary and exchange. We live north of Wilmington. All of eastern NC is a great place to retire. We also in this area have easy access to the Raleigh area for some of the best healthcare in the country. I had surgery at Duke a few years ago and had one of the top surgeons and researcher for my condition.
These type of homes/subdivisions are not even about price. Super depressing, no single tree/bush, no lights on street, architecture not basic but outdated and miserable. Wouldn’t spend a penny on those ones.
💯 nailed it on this.
Hope you come to Charleston sc. 3200 empty apartments with 6000 under construction
I just drove through a development with 25 homes a stones throw from completion and not one of them is listed lol
Then they would most likely be sold.
First! Looks like a great video based on the first 10 seconds! 😊
Retirees are a very real market, but there's a couple of issues: 1st, the boomers have been retiring for nearly a decade already and many of them are passing on, vacating a retirement property. 2nd, they don't buy 2 story homes, nor do they purchase large single level homes. They buy small single level homes, 2BR/2BA, 1000-1250 sq/ft, (certainly there are exceptions).
My Mothers home town and my childhood vacations to my Grand parents house ! What a shame What's happening to NC - My family founded. Snow Camp NC Dixon Mill 😢
Brunswick co up the road with all the new builds. And thavr been saying this what the lady is saying. The home being built are for people coming in. What occupations do they have to afford 300,000 homes. The area is full of service industry jobs. Not tech or large corporations. The healthcare system can't hold the seniors coming in. Only have Novant system. I wouldn't move here as an retiree. Unless this is my secondary property!
If he had nothing to hide he would not have gotten so worked up. I love hearing the prices of the home but do they have a Super Walmart nearby? I have to have a Mexican Restaurant close by. Costco or Sams club?
That is why they should change the constitution from "We the people" to "We the Corporations"
Travis and Melody, Thank you for your excellent reporting 👏! We need objective housing data not biased by the builders.
180000. Max
Ugh. I guess maybe if you are retired and just HAVE to move to that area…..and it’s the only way…..
This is why so many of us like the 1980s-2000 built homes.
im in the midwest. i have contacted realtors to put bids in on houses and they flat out won't. I have to do it all myself, which is fine. i am looking at 400k houses and i offer 20% below the list price with 200k down and financing that can be closed in 15 days. when i tell a buyers agent to write this offer up, they are all weak cowards and scared to write up lowball offers because they may offend someone. which is hilarious. because fiduciary responsibility requires that a buyers agent only look after the best interest of the client, instead, they ONLY CARE ABOUT thier commison checks. I have money to burn. i may join the lawsuit against all realtors and the NAR. realtors are non value added.
Not all of us. I carry both licenses but to put a blanket over all the industry is never good. With that said your right about 95% of these Realtors. Investors like yourself are difficult to work with most of the time. But that is not all investors. It's a different mindset, than the average consumer. Because of my experience in both Mortgage and Real Estate, I carry an investor mindset with all my clients. I look at the money, not the fluff. If I feel that I have supporting evidence that the price is wrong or the money is wrong, I tell my clients. On the other hand, I don't have the fluffy language that sometimes is needed. It's the money and budget first, then the home. If it all fits, i feel good about what I am doing. It gets wild sometimes with the offers from an investor and it's no place for chickens. The way it is approached is everything. I take an investors demand and short language and formulate a way to present it to get the results we are looking for.
@@thebucketlisttripoutwest8487 I’m not a real estate investor. I have bought and sold about 15 properties. But I’m just looking for the next place to live. My last properties I paid cash for. I 100% percent believe that a realtor who is a buyers agent should be paid out of pocket by the buyer. And the realtor sellers agent should be paid 100% out of pocket by the seller. Those two Transactions should never ever be on the same ticket. It’s a massive conflict of interest.
Young man, you are giving a GREAT service, but there will be more of that guy now they are starting to know who you are. PLEASE BE CAREFUL.
FYI, might not be a public street until it's turned over to the city. In many new communities the streets are not public initially...
Should have checked out Riverlights subdivision in actual Wilmington. It’s higher price point with houses built by Pulte and a huge subdivision.
Travis my good man, you really should wear some basic PPE while on those live jobsites. At least a reflective vest. Also helps you blend in ironically..lol
Please do Myrtle Beach SC next, you’re an hour away and we are growing as fast as anywhere in the country!
Thanks travis its sick what they are doing to america built to rent homes look perfect for first timers
Great shirt! Great Video! You guys rock!
I can think other places to.put boot.
The Wilmington area is a touristy area. So perhaps all the rentals are hopefully for the mostly seasonal workers who can’t afford to purchase?
Wish you had covered Wilmington.
Insurance risk is higher there than orlando...when will nc get insurance rate hikes?
I wonder how many were custom ordered (contract to build) and how many fast move-in? I mean there has to be more to the 16 homes listed story. If they are holding off on listing homes that are nearly complete and available for sale, I suppose they can do that (i dont know exactly the rules if homes have to be listed). Wouldnt all those homes be reported in FRED or another goverment statistical data?
Bro these home prices are so much better than Florida.
Check out the prices and market in Asheville, NC. It's insane