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What's Regentrification?
An article in the Charlotte Observer yesterday highlighted seven neighborhoods that are currently investor targets for upward movement in property values. The article talked about a couple of local investors who are buying and renovating and selling (some of you might consider that to be 'flipping') as part of a larger trend.
See, in Charlotte, we're very sprawled out for a city of our size. Land is still relatively inexpensive here so instead of the upfitting  in the close-in neighborhoods, it's just been a mass suburbia growth into the outlying counties.  As our banking community grows and we have more and more yuppies and DINKs, we have a larger market of folks who want to live in the middle of town (Center City as the Chamber folks refer to it), to be near work and restaurants and nighlife.  These are also the folks who enjoy taking on the risk of renovations and revitalizing neighborhoods.  The property values inside 277 (the inner belt loop) have gone through the ceiling (i.e. $144,900 for 489 sqft at the lowest price point, up to $3,450,000 for 7000sqft penthouse). 
Our inner city has long had the problems that other inner cities have experienced....high unemployment rates, high crime, low ... more

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