mattnyu99

http://www.idcide.com/citydata/nc/wilmington.htm

Reported crimes in the Wilmington area during 2003:

Murder and non-negligent man-slaughter: 5
Forcible rape: 30
Robbery: 325
Aggravated assault: 459
Violent crime events per 100,000 people: 894

Burglary: 1,855
Larceny-theft: 4,900
Motor vehicle theft: 601
Arson: 13
Property crime events per 100,000 people: 8,031

MyBad

Yep, its those #%*@! Raleigh peeps that are ruining Wilmy.

If they'd stay home I could sleep at night.

mattnyu99

Did you just reply to yourself? lol. u crack me up.

But i do think the numbers must be skewed by some area of wilmy/raleigh.

Do you guys have a ghetto area where you would not go at night in wilmy?

MyBad

Sure. Like most cities there are places that are unsafe, but you have to be determined to find them. They're far from the mainstream.

We have very little gang crime here but there is some, mostly in the counties south of here and mostly drug related.

But why focus on the spot on the hand made linen table cloth? We live in paradise here. Clean air, clean water (and lots of it), tons of recreational opportunities, cultural events, festivals and more business opportunities than you can shake a shock absorber at.

mattnyu99

I am not knocking wilmy at all. just pointing out some crime facts which alarmed me. we might buy 2 homes in raleigh this yr for investment. apparently a 120k home is renting out for 1000/month.

That's a NO brainer! Seems like a lot of new folks rent yr 1 to familiarize themselves, find their perfect neighborhood/home and a job.

then with the appreciation of these homes, i can buy one closer to the beach near wrightsville beach in 2-3 yrs.

MyBad

Now your talking! Of course, those homes at the beach are appreciating too.

Darn.

mattnyu99

I know. But I rather buy a nicer 400k home in wilmy in 3 yrs and have the two in raleigh, vs just one mid $100s in wilmy now that might not rent as fast and consistently.

mattnyu99

i am back from my tour of Raleigh/Durham/Wilmington. What great weather you had down there! in 48 hours i saw over 15 individual homes in 2 cities and saw the beach as well as ate dinner at the Oceanic on Wrightsville beach :-)

Well I think i am getting several types of properties. I am def going for a 3 bdrm new construction home in Cary, NC and possibly another with a family member, across from Southpoint mall in Durham/RTP.

However I am also going to buy a lot in the Waterford, Leland NC and do something with it later on.

I checked out Mayfaire which was great and closer to the beach but people who got in at 270k are now selling for 389k. There is always a winner and loser in every transaction and i rather not be on the losing end. If i were living in it then i might pay the premium but for renting out and flipping, not a good idea to be buying in phase 2 - 3 when phase 1 can still be had.

I am basically following all the phase I opportunities that can be rented easily.

thanks for everyone's feedback!