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Hilton Head Island - Home Values, Crime and Locati - 8/1/2006
Disregard the semi-literate blather of "AL" when he bemoans the real estate climate on Hilton Head. More than a year later, 8-2006, the housing bubble here is sorting out and some values are starting to appear. The practice of realtor flipping has actually subsided since late 2004. I agree however, it is better to purchase an owner occupied home rather than a realtor “rehab.”
Unless someone is lying to me, the actual vacancy rate for homes is supposedly much less than the “40%” shown on this web site. You have to remember, lots of owners rent their homes as seasonal playpens to out of town folks who in turn avoid marked-up hotel rates. Local chamber of commerce folks I talk to have the actual vacant homes number lower – at about 20%. That is still higher than national averages, but reflects the current resolution of previously unsustainable increases in the Hilton Head housing market.
By contrast – be VERY careful of the burgeoning “affordable” tract housing springing up in adjacent county and town areas (Beaufort County, Bluffton Township). This is because there is rampant sub-standard construction everywhere, and the developers (who are raking in record profits) are not being required to pay appropriate impact fees to support the new infrastructure of this booming region. Very weak county and town governments are bending over both ways to development interests, while citizens fume in sprawl-petrified traffic off the Island.
As far as claims of high crime are concerned, most of the Hilton Head Island crime is of the non-violent “property” nature as may be expected of upscale resort areas. Many out of towner’s are victims of their own stupidity; like parking at the beach and leaving attractive goodies exposed in shiny SUV’s with out of state plates. There have been some added muggings, but these turned out to be African American youths preying on the immigrant Hispanic population, often un-banked, who carry lots of cash. Local municipalities are staffing up their police and fire units. Remember, as far as home safety is concerned, much of Hilton Head is divided up into gated communities with private security teams that are pretty effective (Hilton Head Plantation is one example).
Finally, concerning real cities – “AL” is totally goofed up. Savannah, Georgia is 45 minutes away with a historic district, excellent cultural and educational opportunities, more shopping than anyone really needs, and so forth. Another historic south[read more...] |