Quote:
Originally posted by sailor
Things here in Chapel Hill are pretty bad in the area around the university (to be expected)... The house across from my fraternity house sold for 1.2 million, and the property my fraternity house sits on is worth 9.9 million. Pretty damn ridiculous.
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Yeah, Chapel Hill is pricey, but those houses right there on Franklin Street are crazy expensive. Of course, they're mostly on the historical register, and they're enormous. And gorgeous.
We couldn't afford Chapel Hill, so we bought right on the CH edge of Durham. Our 1200 square foot 3 bedroom house cost us $119k. The last tax valuation was $130ish, and that didn't account for the upgrades we've made (hardwood floors, fenced backyard).