What is the biggest threat to home values in Elizabeth? Could it be this? Or this? Or this? Or this?
More than 3,000 new downtown condos have been announced in the last year, according to The Charlotte Observer. People who buy high-rise condos and people who buy old homes in Elizabeth are likely two different markets. But there's bound to be overlap. I'd love to live downtown. And I know of at least one couple who sold their Elizabethan house and bought downtown.
Part of what keeps housing prices high in Elizabeth -- and Dilworth and Plaza-Midwood and others -- is the proximity to downtown. The supply of housing close to downtown is limited. What will the affect of thousands of new homes downtown be on our neighborhood ?