Abberly Green Blog

Leap Day is a strange day. By all accounts it almost doesn’t exist if you want to get philosophical about it. It might be a fun day to through a party in your apartment in Mooresville, NC, especially if it is you or a friend’s birthday.

Is it your birthday today? Did you know that people born on leap day, Feb. 29, are called "leaplings" or "leapers." Something to celebrate, you will have 75% fewer birthdays than the rest of us.

What are some other strange “Leap Day” Facts:

It was once thought that leapling babies would prove sickly and "hard to raise," though no one remembers why. (Fact courtesy about.com)

According to an old Irish legend, St. Bridget struck a deal with St. Patrick to allow women to propose to men – and not just the other way around – every 4 years in leap year. (Fact courtesy timeanddate.com)

In Scotland, it used to be considered unlucky for someone to be born on Leap Day, just like many consider it to be unlucky to be born on Friday the 13th.  In Greece it’s said to be unlucky for couples to marry during a Leap Year, and especially on Leap Day. (Fact courtesy timeanddate.com)

Astrologers say that those born under the sign of Pisces on Feb. 29 have unusual talents and personalities reflecting their special status. (Fact courtesy chiff.com)

The Magic Kingdom and Disneyland will be open for 24 hours straight today. The event, dubbed "One More Disney Day," will mark the first time in Disney's history that both parks will operate for 24 hours at the same time. The first 2,000 guests who enter can wear special Mickey Mouse ear hats. (Fact courtesy latimes.com)

It may not be a good thing that homeownership rates are increasing among single women.

Wall Street Journal contributor Kate Bolick says owning a home most likely  isn't worth the emotional and financial investment:

"Buying offers presumed emotional rewards—but at the cost of immobility, lost investment returns and continuing expenses (taxes, insurance, repairs, maintenance), which, for a $300,000 house, add up to $18,000 a year, or $1,500 a month on top of the mortgage payment.”

By contrast, renting offers more pros than cons: greater mobility, no continuing costs, no maintenance responsibilities and investment returns on money not spent on ownership—which could likely cover rent.

Broadly speaking singles, who represent the biggest demographic shift since the baby boom, might do more than married couples to boost the economy, especially when they rent, therefore live, in cities.

Renting an apartment in Mooresville, NC or in other cities and towns, allows singles, both men and women, more control over their money, and more disposable income, which they can spend in their community which helps the local economy.

As young professionals who are under 30 continue renting in urban areas, they're bringing the sort of purchasing power that communities can only dream of.

Business Insider

If you are considering relocating to the Charlotte area, consider renting an apartment in Mooresville, NC. Mooresville is located approximately 20 miles north of Charlotte and has been nicknamed “Race City, USA” because it is home to more than 60 NASCAR racing teams and their related businesses.

But there is an even better reason to rent in Mooresville: Lake Norman.  The Lake Norman area is one of the premier destinations in the Southeast. Mooresville gives you the best of both worlds, proximity to the city while residing right on the water. With professional sports, a nearby international airport and miles of waterfront, locals can make the most of their downtime.

Abberly Green Apartment Homes offer luxurious apartments with one, two and three bedroom floor plans and loads of apartment amenities. Enjoy dining at lakeside restaurants. If you have a boat, we have mild weather year round, so you can always enjoy outdoor activities.
 
For families, not only are there many things to do, but the area schools have a great reputation and there is also a low crime rate.

From sailing, fishing, and relaxing by the water to playing and dining in Charlotte, Abberly Green in Mooresville has something for every member of the family, contact us.

The saying, “Home, sweet home” doesn't necessarily mean a mortgage payment these days.

Despite historically low home prices, Americans are renting in greater numbers than ever. Nationally, the trend reflects an unstable housing market while many are choosing to rent.

“The housing collapse certainly illustrated that homeownership isn’t always a ‘can’t miss’ investment and entails some disadvantages,” said Jim Lapides, public relations director for the National Multi-Housing Council. “We’re seeing long-term demographics that favor renting.”

The number of U.S. renter households grew by almost 4 million between 2005 and 2010. It is estimated that the number of renter households nationwide will increase by 360,000 to 470,000 annually over the next decade.

The majority no longer believe that a home purchase as a stable investment. That whole mentality has changed. People aren’t anticipating their home’s value will continue to increase like they used to. There’s a case for renting that wasn’t here five years ago.

A significant segment of renters are also young people who want to remain unfettered to a specific area or region.

About 76 million members of the Millennial Generation are entering the housing market primarily as renters.
 
If it fits your lifestyle, renting an apartment in Mooresville, NC is a good investment. Young people don’t want to be tied down. They’re at the beginning of their lives and they want to avoid the commitment and the cost of homeownership.

For information on renting at Abberly Green Apartment Homes, contact us.

Original article – Shreveport Times

More couples are saving cash by opting to rent rather than buy. The American dream of walking down the wedding aisle and buying the perfect home is becoming a thing of the past. According to Zillow.com, apartment vacancy rates have fallen from 8% in 2009 to just 5.6% at the end of 2011.

Jay and Jessica Masanotti have been married for 5 years. During their first year of marriage they bought a house South Carolina in hopes of following the traditional American Dream, “You get married, buy a house, have kids, that’s the American dream; buying a house was the next step."
 
They figured the home would be a good investment, but now admit that they didn’t know what they were getting into.
 
New jobs in the Charlotte area put that newlywed home in an unsettling market. No matter what happens going forward, they will lose money on the house, "We bought it in 2 days and in 6 months, and we got nothing. It’s a great house but we will have to take a hit just to sell it and just to get it out from under us so we don't have that financial burden any longer."
 
If young couples are thinking about buying a house that they need to be prepared to make a long-term commitment. If buyers cannot commit to settling down in the area they are looking to buy, you’re better off renting. Renting offers flexibility and freedom to walk away and you can call someone else if something breaks or goes wrong.
 
The Charlotte area is seeing a big uptick in people renting. Rentals is this economic climate offer some big opportunity, “Renting is a way to have what you want right now without having to wait until you can afford it."

For Jessica and Jay, their rental in the Charlotte area has done just that, “It afforded us an opportunity to live in an area where we could never afford to purchase a house."
 
For more information on renting an apartment in Mooresville, NC or the Charlotte area, contact Abberly Green.

Original article – Fox Charlotte