So my neighbors recently passed away and I’m assuming their kids sold the 1963 built 1000sqft ranch. It’s on a large corner lot ITB. About .3 acre. Now this house is well maintained but it is a 1970s time capsule. No upgrades whatsoever.

The realtor listed it for $450k and encouraged investor buying and for a builder to tear down this beautiful home and split the lot to build 2 homes. I threw up in my mouth.

It eventually sold for $406k to a couple from Boston who bought another home in a nearby neighborhood. I watched as workers came and tore out the carpet (original hardwoods underneath like my home) and cleaned / painted. That’s it. No upgrades or remodel. 1970s kitchen and appliances, square blue tile EVERYWHERE in the bathroom etc.

They listed it for rent for $1900.

So that’s just a small microcosm of what’s happening everywhere. People who don’t live here buying homes that people could use to settle down as a cash cow.

Wake really needs to set up some restrictions on this. I have no idea if they have any authority at all and maybe there’s nothing that can be done but I feel for everyone who can’t build a life because of investors.