Apple PAUSES Plans for the Raleigh-Durham NC Campus
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- čas přidán 27. 06. 2024
- Apple has announced a 4 year delay in plans to build the Raleigh Durham North Carolina campus. Will Apple's change of plans crash the Raleigh real estate market? What effect will this have on the Raleigh-Durham economy? Will home prices come down in the Raleigh NC area? We give you all the facts in this video.
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Well I must be honest. My first thought was that the initial announcement of their arrival was made to artificially increase housing prices based on the proposed value that Apple would bring to the area. Now that they are pausing, will this stall or even deflate housing prices in the RTP? Maybe.
We will see. A lot of what was pushing prices was investors. That side of the market has already slowed down dramatically over the past 18 months due to interest rates. Still people moving here every day.
Apple coming is good for NC for sure. People are still coming in because it’s cheaper than other metropolitan areas. But high home prices doesn’t really make sense to me in terms of the city has no much to offer. For example, there literally no Michelin restaurants or guide at all for the entire state😅
I know people who have bought multiple homes die to the initial rumour
Huh?@@Hoodiism
@@rossperreault833typo. it's "due to"
Raleigh does not need another shitty office park
Send it to Charlotte we all take it
If a Republican Govenor is elected.....they wont full invest here.
You mean Cooper is a fool with VinFast and Apple and Wolfspeed. Tons of tax promises.
The problem with Cooper is he has no business background. And everyone of his corporate investment initiatives is a fail.
LOL, the 600 people are customer service representatives.
And Cooper did not know that VinFast is a fraud and will never launch a factory.
Agreed
@jarvisstradford7211 Oy. You people are deluded. Cooper has sold you a fake bill of goods while traveling Europe in some ridiculous entourage.
Vinfast, Wolfspeed, Apple was provided grants and tax breaks before they broke ground and hired NC construction contractors.
Cooper is a fool. Vinfast is a fraud and the Governor got caught up in the EV and renewable energy fraud.
bullshit.
Don't worry. Disney is coming
Good! I saw what happened to Austin as I lived there for several years from 2017 to 2022 and trust me when I say RDU will be just fine without Apple for as long as it can. they've done a good job of having a diverse economy and that's important. once tech becomes too big of the pie problems creep up with affordability and a host of issues that follow. please see.. Seattle, San Francisco, and Austin.
Exactly, plenty of low wage losers in RTP area
I dont know why anyone would choose now as a good time for massive capitol projects. I say that as someone whose job depends on a nation wide federal infrastructure project. Our projects are coming in double our inflated estimates. Very sad for tax payers.. I do my best to remove excess where I can.
Raleigh Durham (RTP) is core areas and companies love to be here. There lot of challenges in California for new buildings where as Raleigh is more welcoming. No matter what real estate around Raleigh is still hot
Also, the Amazon headquarters tower two has been paused in Nashville as well. A lot of stuff in Austin Texas has been paused or suspended indefinitely or moving to other cities so it sounds like a nation wide thing
Yep. Seems like it. Interest rates
Tech as a whole isn't doing too great
A lot of tech workers work from home and don't want to move. And a lot of the support functions going offshore, why build a campus. Who would work there?
Since over 600 are already employed there at Apple, which is nothing to sneeze at, I was wondering, does the Raleigh area offer any financial incentives or in the way of assistance to purchase homes there? Or do they need to?
I think you are doing a lot of tap dancing 😂 that’s what I think. I also see tons of houses on the market and tons of price cuts all over the Raleigh area…everyday I get notified from Redfin and Zillow that there was a price drop which is good in my book. I hope it continues! Give the rest of the folk a fighting chance❤.
There are a lot of homes priced way above market value. That’s why you’re seeing so many price reductions. Days on market this year is half what is was last year. Very frustrating for buyers
I think it's a misstatement to say that Apple is pausing coming to the area. They are already here, and they are already hiring. They have 20% of their commitment already hired.
Companies across the world are reevaluating their RE strategies as hybrid work and working from home has proven that it works for many. If I were Apple, I too would be pausing to think about what they want to build, because it's certainly going to be different from what they presumed when they made their announcement that they were coming to the area.
Those big tech companies are spending massive money on Nvidia's GPU
Has nothing to do with Apple. COVID initiated the moving boom to Raleigh when people realized they could work from home and live practically anywhere. Some benefits for people: Raleigh is cheap compared to New York or California. Weather is great, hot in summer but not boiling like in Florida and mild winters with no snow. Amenities within the city has pretty much everything you could ask for, museums, great parks, libraries, restaurants, reputable hospitals and universities. A really family oriented city in general, so would you rather be working to death trying to pay all the expensive bills and taxes or actually have a breather and enjoy time with the family knowing you have a smaller mortgage payment on a house larger than what you could afford in Cali?
Great video, as always!!
Not surprised at all
Theyll build it when interest rates are cheaper.
Likely
Or when they see who's going to win the governorship.
@@Statickification if a republican wins you think theyll pull a 180 and leave. 😂
@@floridaman7 Definitely they would. A fascist like Robinson would drive away the talent they'd need to function.
@@Statickification they have 5laves building their phones in china. They dont care. They care about it being cheaper than California, access to highly educated people and being in the middle of the east coast.
This is good for us who are paying ridiculous rent.
Do you think rent prices will decrease?
This has nothing to do with rent. Just property value.
Wouldn’t surprise me if they decide to move it to Charlotte
Odd they have multiple offices here already
This is not exactly accurate. Now Apple will partner with OpenAI so they will require less AI employees.
In other words: they are not coming to NC.
They got a better deal somewhere else.
They’re still coming here. It’s just on pause for a later date. I’ve read the article.
Good news 💪
This video could be turned into a drinking game
Good video
Thank you
i hear apple open office in miami ,fl
😮 Miami, FL? I hope they are renting 😂
They should have moved to Vermont instead
go ahead, elect another democrat.