Brad W
En-Route
I'm in St Johns County Florida. it seems like they are just building building and building some more. New houses are going up by the thousands.
The biggest one in my county that I'm aware of right now and is is well underway of building out is 11,000 acres, zoned for 17,600 dwelling units. I drive past the area every day.
There's another that in that last handfull of years I think is fully built out now or very close to it, 1,500 acres, about 2,800 homes. That one is a little more typical and there are many more like this one in the area.
When I go visit family in Eastern NC, it looks like there's similar building rate happening there too. I don't think taht this is an isolated thing
and these houses are necessarily cheap. There are more high density housing mixed into these developments than I would like to see in the area such as townhomes and apartments, which are probably more affordable, but on average, most of these don't seem like starter homes
Lots of standalone townhouses and apartments going up too
There are lots of little micro areas of retail popping up here and there... restaurants and similar...so there is some additional employment in the service and retail industry...but I'm not seeing a ton in the way of manufacturing or large employment...except building construction and public utilities
I'm just left wondering
where are these people coming from?
where are they working?
and maybe more, who is moving into the areas where they are coming from?
Seems like in my very small sampling of meeting new neighbors many are coming from high-cost-of-living places such as CA and NY, where they are selling modest houses for big money and coming here where they can buy a much larger home for the same dollars
But who is buying their old homes? I wouldn't think that it's all the illegal immigrants...Is it all Chinese investment firms? Are those places becoming ghost towns like I've heard happened in Detroit?
The biggest one in my county that I'm aware of right now and is is well underway of building out is 11,000 acres, zoned for 17,600 dwelling units. I drive past the area every day.
There's another that in that last handfull of years I think is fully built out now or very close to it, 1,500 acres, about 2,800 homes. That one is a little more typical and there are many more like this one in the area.
When I go visit family in Eastern NC, it looks like there's similar building rate happening there too. I don't think taht this is an isolated thing
and these houses are necessarily cheap. There are more high density housing mixed into these developments than I would like to see in the area such as townhomes and apartments, which are probably more affordable, but on average, most of these don't seem like starter homes
Lots of standalone townhouses and apartments going up too
There are lots of little micro areas of retail popping up here and there... restaurants and similar...so there is some additional employment in the service and retail industry...but I'm not seeing a ton in the way of manufacturing or large employment...except building construction and public utilities
I'm just left wondering
where are these people coming from?
where are they working?
and maybe more, who is moving into the areas where they are coming from?
Seems like in my very small sampling of meeting new neighbors many are coming from high-cost-of-living places such as CA and NY, where they are selling modest houses for big money and coming here where they can buy a much larger home for the same dollars
But who is buying their old homes? I wouldn't think that it's all the illegal immigrants...Is it all Chinese investment firms? Are those places becoming ghost towns like I've heard happened in Detroit?






