Charlotte average home price climbed 4% August 22, 2007
Posted by The Tryon Street Journal in Charlotte, Real Estate.add a comment
Why is it that the media likes to report positive news negatively? The Charlotte Business Journal headline reads “Charlotte existing-home sales down 15%“. Sounds bad, huh? But read on, and you’ll find that the average home price climbed 4% in July to $239,696 when compared to July 2006. Which means our residential real estate is still appreciating, unlike many other parts of the country. What I don’t really care about, and I’m not sure why anyone else would, is that the number of transactions decreased 15%. So fewer people are trading homes. Big whoop. If people are happy living in Charlotte, and more specifically in their current home, they won’t sell… which will result in fewer sales… which will drive up the price, 4%.
SouthHaus: European, modern, and coming to South End August 14, 2007
Posted by The Tryon Street Journal in Charlotte, Real Estate.add a comment
I’m excited one developer has done their homework and decided to bring a unique product to the market… introducing SouthHaus, the latest urban mid-rise in South End. Pre-sales began a month ago, and already over 60 condos have been reserved. This is no ordinary condo project.
First of all, it’s going to be one of the largest in South End… ~10 stories high, 8 of which will be residential, with retail and office below. What makes SouthHaus unique is the design. It’s straight from Europe, including the NanaWall system that allows you to open up the entire glass wall to the outdoors, like seen below in San Fran.
There are many other great features to this project (obviously I’m an advocate), some of which are the city or neighborhood views; ~19ft of vertical glass; loft layout, yet a true bedroom (not a studio); secure parking; steel construction (not wood frame); and reasonable HOA dues.
Did I mention the design?
Stick it to the MAN! August 8, 2007
Posted by The Tryon Street Journal in Business, Tech.add a comment
That’s the mantra of the new “rate my venture capitalist” site TheFunded.com. Great idea. The site force-ranks VC firms and lets entrepreneurs who have pitched to these guys spill the beans about their experience. As everything I’m reading in Business 2.0 and elsewhere says, the tables have turned and now startups are being built with less funding and at better terms. TheFunded.com is sort of the Zillow for cash-seeking entrepreneurs. Give it a try… and can we get some more East coast VC’s on there please!
Read more about it in this WSJ article.
Tesla Roadster: Prius on Steroids August 6, 2007
Posted by The Tryon Street Journal in Tech.add a comment
Wow, what an analogy. Doesn’t even compare. In case you haven’t heard (and we on the East coast are slow sometimes), Tesla Motors is launching the eco-car/sports-car enthusiast market into a whole new realm. 0-60 in 4 seconds. 100% electric. And looks like a Lotus.
And not only are the cars awesome, the guys who are behind this company are pure Silicon Valley. From BusinessWeek’s article:
So what makes Tesla think it has a chance? The very fact that it has been build by outsiders. After all, Detroit is hardly a model of corporate efficiency. Tesla bills itself as Silicon Valley’s version of a car company.
So who will be the first to buy one in Charlotte?
Enough said.
