Why Everyone Is Flocking To North Carolina's Tech Hub
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- เผยแพร่เมื่อ 17 ก.ย. 2024
- North Carolina’s Research Triangle - the area between Chapel Hill, Raleigh and Durham - has become one of the country's fastest growing tech hubs largely thanks to its access to talent from some of the top universities in the country (Duke, North Carolina at Chapel Hill and North Carolina State) and low cost of living. The state’s pro-business environment and low taxes have attracted tech giants like Meta, Apple and Amazon investing billions in the area. In 2024, the state was ranked second on CNBC's America's Top States For Business list.
Chapters:
1:33 Chapter 1. The rise of a region
5:27 Chapter 2. A pro-business state
9:10 Chapter 3. Downsides
Produced and Shot by: Natalie Rice
Edited by: Evan Lee Miller
Additional Camera: Darren Geeter
Senior Managing Producer: Tala Hadavi
Narration by: Robert Ferris
Animation: Jason Reginato
Additional footage: Duke University, Getty Images, AP Photo, NBC News
Additional sources: Redfin, Research Triangle Park
Additional Editorial Support by: Emily Lorsch
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Why Everyone Is Flocking To North Carolina's Tech Hub
Currently living in Raleigh and cannot express enough the fact that you have to drive EVERYWHERE. Everything is spaced out between Raleigh, Durham and Chapel Hill. It's a 30min commute if you're traveling at night because during the day, you're sitting in either never ending construction traffic or accidents for at least an hour. Absolutely no thought into public infrastructure whatsoever.
You can ride unlimited between downtown Raleigh and Durham for $1k yearly. That same unlimited bus pass yearly gets you between downtown Raleigh and Chapel Hill.
Seems reasonable. ❤❤❤
Totally agreed. Moved here a few weeks ago. Grocery is 20 min away. Never been into this much of driving. Love the place tho ngl but hope to see more transit options or more mixed use developments.
No, it was thought, but not for the droves of outsiders that keep moving here. Becoming overly populated too fast and the ppl moving here want NY level transportation -_- Give me a break
@@kaung_kknGo home. We don't need or want you here.
Lmao. 30 min drives are nothing.
If you plan to move to the area, plan on driving everywhere. Public transportation is terrible.
truth lmao
True, & hopefully it stays that way👍
Life of LA
@@Wi11iam69 why?
@@habong17359 Yea but LA is building decent public transit.
Word for word, this exactly what happened to Austin, Texas
Periodt!
@@Mrchickenwing74 periodt pooh 💅🏿💅🏿💅🏿
✔️🎯
Yeah but public transport was A1 in Austin
And the rest of America. Nashville is the same way. I use to love travelling to Nashville for work.
I learned this a couple of years ago. If you move to a city because of benefits of a hype video, then by the time you get there those benefits will be gone. Cities are like stocks and if your taxi cab driver is telling you about one it’s time to sell
Totally true. I remember seeing this play out when the fracking boom in North Dakota came out years ago on TH-cam and very soon after, said boom went bust.
Depends on the underlying fundamentals
NC is trash. Don’t transfer your license. It will take you 90days to get an appointment. The locals don’t think. The women want to be married in a month. lol I’m moving out this bs. Poor people that was born here. They have minds like they came out of slavery. They blame everything on race. lol bro work hard and get your knowledge up. Don’t befriend the locals. They are not ambition people. They want a family and settle broke. Lol
As a Raleigh native, I’m not sure how to feel about this. The growth has been amazing but natives are really feeling the financial consequences of so many people moving here. Especially in the housing market. There’s also the looming construction of the Apple campus here in the next few years which promises 50k high paying jobs, but for who exactly? I doubt many here. It’ll be interesting to see how the situation develops.
Do encourage the locals of all ages (& certainly the young-uns) to acquire the knowledge/skills for upcoming in-demand knowledge/skillsets. Not only will you/they contribute to making your triangle a shining polygon, you'd even gain the choice to transport your skillset to wherever other opportunities might become more compelling. Some countries are moving fast, faster than things move here.
Why wouldn't locals be able to get the jobs if they are qualified?
Apple is moving here because they can hire from the area.
@@dec1slh With the kind of qualifications that most competitive positions require for a large corporation, especially an Apple, who would qualify other than people from larger tech markets? They touted the 50k jobs talking point as an opportunity for the area when what they really referring were the people in those jobs spending in the area. Of course, this is all conjecture on my part.
@@JakeSmith-jy1kx I don't dispute that. However, I still think that majority of folks in those positions will be from elsewhere.
I grew up in Raleigh. Someone asked me the other day “what’s the identity of Raleigh?” And my answer was “transplants”. 🤷🏻♀️ it’s not the same.
Disclaimer: I don’t think it’s a bad thing! NC wouldn’t have the growth and opportunities it does without the transplants/new businesses coming in. But the fact of the matter is that it’s changed a lot in the last 30 years.
But, to me, that's Raleigh's own doing tho. I went to school and lived in Raleigh for 8 years. Raleigh always wanted to be something it wasnt. Ill never forget them trying to have an acorn drop in North Hills on NYE like it was NYC. 🙄😒
That’s why I like Raleigh. I never would have moved here (I’m a transplant) if it wasn’t. That’s the appeal. People from all over.
I hope they turn the state purple. Vote blue this November!! 💙
It’s def not the same. Bringing the wrong mentality in
@@JakeSmith-jy1kxdiversity of ideas and lifestyles, makes life amazing.
There is no one to blame over the shelving of the light rail project than Duke University. Their pushback killed it
Why did they do that?
@@blayses3116 Because they are in the pockets of the Koch Brothers.
that project was dead on arrival. terribly planned.
yup. My good friend was involved in some of the planning for that project. Classic case of old white millionaire on the university board threatening to pull his funding if the project went thru. "Can't have no 'undesirables' hanging around my predominantly white affluent campus".
Allegedly, there was concern over vibrations from the rail system running near the one of Duke's hospitals and messing up delicate equipment like MRI's. Allegedly.
My parents live outside of Raleigh and it’s amazing how fast everything has changed in the last 5 years. Condos are being built everywhere and it’s not as quiet as it used to be
May I ask how the weather is in wintertime; mild or 32°. Just getting some idea because I'm planning to leave California.
Yes I moved here with my family and I agree
@@joechen353 cold enough for all the nature to look dead and for everything to feel depressing. more importantly, the summers are really hot (IMO worse than florida) so you dont really have anything to offset the sad winters
@@joechen353 It only snows very rarely there, hot as hell in the summer
Last 4 years the real estate sky rocketed. The growth of cary near raleigh is crazzzzzzy.
Oh wow. I visited Cary a few years ago. It was a quiet, family friendly little town.
@@ambernecho its till a nice quiet place except it costs twice more at least
Cary has two characters. If you can hear the train it's still lovely.
Otherwise it's very bland. Has been forever. When I was a child they called it the Containment Area for Relocated Yankees. It's a silly thing to say but I grew explosively thirty years ago.
Even 40 years ago Cary was a growing suburb. Someday Charlotte N.C to Portland Maine will be one giant city. The area between Raileigh and Richmond need to fill in a little more.
Morrisville, just north of Cary, really blew up in that time as well.
European here. Visited Raleigh back in March and the lack of sidewalks in some places is simply absurd. I’m used to walking and it was virtually impossible there. Too bad, because some neighbourhoods I saw looked quite nice.
That’s everywhere in America besides big cities on the east coast, we are car centric
Stay put in Europe. Car insurance is thru the roof thanks to Bidenomics voters!
It's designed that way to try to keep communities separated.
@@user-lvqk2wdp8sjn Oh please.
You have to understand that Europe being much older in terms of development means there are sidewalks everywhere because walking and horses were the only way to get around. The south was mostly agricultural which made sidewalks a far too expensive and unnecessary idea.
Traffic is horrendous!! Housing is skyhigh!!
Everything is pricy!
Don't buy the hype... Pick a neighborhood you would like to live in...then pick a company you would like to work for...then visit. On a weekday get up and drive from the neighborhood you want to live to the business you want to work for. This will give you a real reality on how bad traffic is. Qualiyof life is suffering here now because of rapid growth.😢
Traffic is one of the reasons I love Raleigh. So much less traffic here and so much cheaper than Portland was.
Traffic in Raleigh is a joke compared to most large US cities.
We're not comparing Raleigh to larger cities like Dallas, la, etc! Raleigh's traffic for what Raleigh is and it's existing infrastructure is horrendous! Ask any commuter in Wake county if they think traffic is horrible and you will be enlightened.
@@steveallen489 I’m a commuter in wake county. One of the reasons I live in Raleigh is because the traffic is so light.
@@JakeSmith-jy1kx You basically just told me to avoid Portland at all costs.
The triangle is already bad enough.
As a native North Carolinian, I can't tell if I'm in Raleigh, Durham or Chaple Hill due to the trees. So many trees!
Or how you can seamlessly stroll into Morrisville from Durham and not know where the line is, or from Morrisville into Cary. (unless you live here). And RTP is mostly in Durham but sometimes it's hard to tell if you're on the Durham side of RTP or the Raleigh side (and I've been here 30+ years!)
We love the trees! Keep them!!
Just hope the area can stay ahead of infrastructure needs (traffic, water supply, school capacity)
Too late.
@@spookysea-monster5297 lol you’re probably right. Water isn’t a problem, yet, although drought caused water supplies to nearly run dry in ~2007.
@@spookysea-monster5297 Came here to say this
It certainly hasn't
Growing up around Austin and living in the Triangle I can only say its no where near as bad as Austin or a lot of other urban areas, but everyear there is more traffick, more congenstions and all the other problems that go with rapid urbanization. So nope the area would need a 20 year break on growth to catch up to where it was.
Let’s not forget taxes went up 30% this year in the RDU area and will go up more soon. You know what isn’t going up? Wages
My raise was 3.5 % here.....
What taxes? I've lived in NC for years. State income taxes have stayed about the same, sales tax is slightly higher.
@@robertd9850 I'm not seeing anything online like 30%. He's talking about local taxes in Raleigh-Durham. I guess housing prices went up and property taxes went up a bit. Together, it could be 30%.
Edit: For any readers, I think an increase by 30% doesn't mean taxes went from 5% to 35%. It's more like 1% to 1.33% (these numbers aren't actually the taxes, it's just an example)
@@robertd9850 They are talking about property taxes. The assessed value of my house more than doubled in the most recent assessment. This resulted in my property taxes doubling for 2024 and I'm fortunate since I live in the county and don't have city property taxes on top of the county rate. Historically property assessments increased but at rates around 5% every 8 years so the big jump this area saw in 2024 is a shock for many long term residents.
@@ironrain1x In 2023 on average, the cost of living went up 4.4%. So you're still underpaid, just like us all.😅
RIP to affordable life in North Carolina
Makes me happy I live in Charlotte. Better business climate without the additional growth that's squeezing locals out. It's bad enough already, we don't need it to get worse, but it will.
Charlotte's advantage is that there's a lot more public transportation, lightrail, investment than there was before. It's not where it needs to be yet but it's come a long way.
Charlotte started all the trends mentioned in this video Charlotte was just prebuilt for it honestly
Charlotte is the capital and not Raleigh. Don’t let these people lie to you.
@@ashleybanks-wm4cg Except the universities, the public private partnerships, or Rhesearch Triangle Park. The Triangle's engines originated with the universities. They have always kept the Triangle connected with and in step with the rest of the world. I can't think of anything that Raleigh looks to Charlotte for guidance. Very different cities with very different ambitions.
@@stephenedwardsnyc not true Everything this video mentions Charlotte has been on top of and has built infrastructure for these people to move here against the interest of the locals this city has been gentrified up and down so many times Every young professional from every major college that just graduated immediately move here thats why Charlotte has gotten so young and is better for young adults than Raleigh Raleigh is more geared towards people trying to start a family but yeah Raleigh has most definitely taken from Charlotte playbook
NC is full.
Nothing but a bunch of NY,NJ, and CA residents now.
All they do is complain about how it’s not like the state in which they left.
They're going to turn the state blue.
@@silvermine2033that’s what NC democrats wants. Plus it’s Florida, VA, Texas and other states moving in the Carolina’s also. Always D riding the north east
@@losoway4505Didn’t know California was in the North East lol
Decent paying tech jobs sure, but painfully expensive to live in the triangle. In general, outside of like 5-6 cities, NC is painfully underdeveloped.
NC is like Virginia 30 years ago. Northern Virginia expanded rapidly with high paying jobs with an influx of highly educated professional, most the rest of the state has lagged. The rural parts of VA are just like the rural parts of NC, stuck in the past, full of bitter people that don't have the skills or education to advance.
As expensive as New York or San Francisco?
@@ahmedzakikhan7639probably 80% the cost with 70% of the pay
You can say that about every. Outside of five or six cities it’s under developed.
Outside of 5-6 cities…why would you need more in a state the size of NC? Even Texas doesn’t have more that that lol
It will fail if they keep building for cars.
People will get tired of being stuck in traffic just like in every other trendy growth area that failed.
We need more fast rail options or self driving rail systems for electric cars like you see in the movies .. 🍿
They are just trying to lure people to move there and work for less pay lol.
Agree as someone who lives in NC traveling in the triangle area is a nightmare your almost always loose a extra hour of time to traffic unless you take the train but the trains are nowhere near reliable or frequent enough to be useful for most rn. Which is why im baffled they shelved the commuter rail project in favor of busses which will do nothing to fix the issue
The entire South is built for cars yet it’s where everyone is moving. Americans love cars and it’s not changing anytime soon.
@@ZeusAVI
Exactly.
That’s why every trendy new area fizzles out once people get tired of being stuck in traffic.
Companies just move to the next new trendy spot.
I'm From Detroit...I Love Visiting Raleigh every chance that I get...The Weather is Perfect , Excellent Hospitality, Decent Shopping, Lots of Restaurants,Slower Pace...They just need more sidewalks and better public transit,RDU needs more gates,New homes are expensive, Bad Drivers, Liquor stores closed on Sundays.
Yea. They are ruining it
I feel like in general US cities are not pedestrian driven. They are made to cars. I had to drive everywhere whenever I went to downtown.
Metro-Detroiter living in Raleigh and this is all valid. It is great for young families like mine but I wouldn’t live here right out of college or anything.
Speaking of Detroit and the surrounding areas, shoutout to Etep of Wrestling With Horror, Darius Münchausen, Vigilante Williamson, and John Talks.
As someone from Durham who also attends Duke, the lack of public transportation really hurts the area. Things are not accessible here. You really have to travel to access events and activities and if you don't have a car it's basically impossible. Investing in public transportation and sidewalks could do so much for the area.
Duke is who tanked the railway system. Duke has a stranglehold on Durham! And it wasn't until old, racist wypipo died out that Durham was able to build the new 885 road that connects all of Durham. Been here 30+ years, Durham is a great place but traffic, lack of public transportation and lack of big social events (NFL, NBA, etc) hurts Durham. Oh, and home prices are outta this world!
NC resident here (I live in NC's third largest city Greensboro): let me tell you that all this growth has been coming at a big cost for residents like me.
North Carolina is considered a "landlord friendly state" with no rent control. Real estate prices have gone through the roof and have caused average rent to skyrocket in a lot of cities, not just the Research triangle.
Also, other cities have been seeing major investments recently. Greensboro, for instance, is home to the recently completed Overture factory for Boom Supersonic (the aircraft manufacturer aiming to build an American supersonic airliner).
All of this is enough to convince me to leave the state.
I lived in Greensboro back in 98-99,much better back then.I moved back to Raleigh and same problem hêre.
Just recently moved to Greensboro, as I was forced to take a job here due to a looming layoff. Moved here from Alabama, and I can tell you I am not impressed. North Carolina is filled with outsiders running prices up, and voting in terrible policies.
@@rapidthrash1964 wow, hard for me to here your comments because I live in Raleigh, and was thinking seriously about moving to Greensboro! I see gboro as half the population of Raleigh, yet twice as much infrastructure, less crowded, more friendly, laid back, etc. Am I wrong?
More room for the rest of us
@@steveallen489 Greensboro is part of the "Triad", and the population is less, but not vastly smaller than the Research Triangle. Greensboro like every other democrat ran city has the usual set up. High crime, panhandlers, sprinkled in with nicer areas. If you want to live in an area with low crime be prepared to pay out of nose to live there. Unemployment is rising however which is a good thing. More and more companies, are filing bankruptcy, layoffs, and job cuts are continuing to accelerate as well. So this will continue to put downward pressure on the local economy.
I lived in North Carolina and Boston area, but I prefer Boston because everything is just there for me. Very easy to go to NYC or airport to other cities.
oh really how abt traffic in boston?
@@dancalive8981 Traffic is horrible but I take the subway and train.
@@P.90.603I heard the MBTA is running on a deficit
@@naptime0143 The American gov't and most Americans are running at a deficit. That doesn't concern me. I'm just saying that Boston is convenient for me. However, I don't think it's convenient for famiiles. Doesn't look comfortable for mothers with strollers or elderly people.
Boston is very expensive.
The entire metro area is growing like crazy. I am watching deforestation happen in real time. Sadly it is mostly car sprawl
It’s sad that they just chopped down another section of forest for more parking at the airport. The public transportation is terrible. Very sad.
@@Tony.in.motion literally flew in yesterday and was really sad to see at least 5 developments of large clear cuts. Its an easy sell for real estate developers so it's not surprising it is happening. Raleigh has a pretty good master plan, but the laws in place are lagging and causing this urban sprawl to continue. It's sad, such a missed opportunity to build it right with higher densities and mixed zoning
@@nickbrady2197There is no demand for high density housing.
I do recall a lot of forest between Durham, Chapel Hill and Raleigh 40 years ago I imagine that is all one giant suburb now.
Petition the cities to implement a 1 million trees planting like NYC completed 9 years ago.
Getting into Triangle Park takes 30-45 minutes when in actuality it should be a 10 minute drive. The are is not ready for the density.
People should stop coming!
Yep traffic is absolutely horrible
Gotta do transit oriented and micro transportation developments to service all the new residents. Or else it's going to turn into traffic nightmare like LA
Not to mention the roads on I-40 still need work. Driving on uneven narrow two lane roads is getting to be annoying
@@ft9kopthat will never happen. They barely have sidewalks
They come for the jobs and then leave because of the education. Your kids deserve better.
If you make big money send them to out of state boarding schools. Public education in the US is something to escape..
Hopefully more leave sooner than later!
Public education here, primary, secondary and tertiary is some of the best in the country. But, please leave. Seriously.
@@barrygoldwasser5449 Public schools in North Carolina consistently rank as the worst performing schools in America.
43rd according to World Population Review
48th according to Network For Public Education
40th according to U.S. News & World Report
1 in 3 schools are considered low performing according to the WRAL.
Worst still it is 48th in school funding levels, as reported by the Education Law Center
Which would be fine if Per-Pupil Spending wasn't dead last according to the same report by the Education Law Center
By WHAT metric would the be considered some of the best performing schools in the country?
@@volundros We have the best public high school in the country, NCSSM, and our private and charter schools are very good.
Note to CNBC. If you approach a citizen of Chapel Hill and suggest it is a suburb of Durham, prepared to be smacked upside the head. Durham didn't even exist when the University of North Carolina was founded in 1789.. Durham was founded after a bunch of Union soldiers ransacked a tobacco warehouse and took the crop back to Philadelphia. A businessman there was so impressed by the flavor of the weed he immediately launched a business importing the crop. A former Confederate who was captured by the Union Army, Washington Duke, returned to what is now Durham and A man named Washington Duke started producing pipe tobacco. His business grew wildly, and his son, James, made enough money to buy out his competitors and soon controlled the largest tobacco industry in the world. Washington Duke, by then retired founded Trinity College, which ultimately became Duke University. Durham stagnated in 1970s-90s, but it's the coolest town in the state today. But please, don't call Chapel Hill a suburb of Durham. It is a laughable, insulting concept.
Ok, nerd. 🤓
At the end of the day, Chapel Hill is a college town. Durham is an actual city
It's still a suburb
Washington Duke wasn't the founder of Trinity College. Duke started as Brown's School house in 1832 in Randolph County, NC. It got its charter in 1841 and was renamed Union Institute Academy, then Normal Collage in 1851. It was finally named Trinity College in 1859. Trinity College had been around for decades before Washington Duke even came along. All Washington Duke did, with the help of Julian Carr, was lure Trinity College to Durham with an endowment fund in 1892.
I’m from durham-born and raised. This is true. That’s like saying duke is unc. It’s the biggest rivalry in sports lol. There will be some sort of violence towards you frfr😂😂
I've lived in Raleigh for 26 years which is my entire life and getting priced out by those moving from bigger cities.
Sucks but it happens.. literally the story of USA.
not just that. the cities like cary are gone crazy by increasing property taxes very high. lots of condos and high raise apartments. But job opportunities are not all that great. Many big companies like google aren't hiring . U may see many house oweners not able to pay mortage soon.
Homeless population in Wilmington NC is literally because of this gentrification. If the counties don't stop the extreme overdevelopment then the lawsuits that follow will.
Good! 👍
It's tough to hear, While some might suggest Florida or Texas as alternatives to California or New York, the question remains: what if Florida and Texas become out of reach? The solution can't possibly be moving to another country.
Sidewalks are underrated
Republican run state or Democrats!?
@@randomguy7175Democrat Governor, Republican Lieutenant Governor.
@@randomguy7175Also Republicans Senators.!
@@randomguy7175 Purple, Democratic Govenor, Republican House and Senate. The State leans a bit more GOP in elections but both parties are competitive.
@@John-ed8yethe republicans have had a super majority lately in the state house and senate to over ride the governor’s vetoes
This happened in Utah as well. Careful what you wish for. Bad traffic, huge crowds everywhere you go, two hour waits at restaurants, it's a nightmare...
No one is moving to Utah
@@nachoskyful wrong, we are one the fastest growing states in the country right now.
I like this neck-and-neck competition between Georgia and North Carolina for the past 30 years in terms of population, economic growth, and business-friendly policies
Charlotte is already bigger than Atlanta funny enough, but it’s a financial hub rather than entertainment (music and film production) like Atlanta.
@@Lamont4DLOL in what way is Charlotte bigger than Atlanta? Some obscure metric?
@@ryanc4955 It’s physically bigger by surface area. 297.7 sq miles (Charlotte) compared to 132.4 sq miles (Atlanta). It’s also bigger in population too.
Edit: Googled specific numbers for you rq.
@@Lamont4D okay so other than a city limit border the population density is not there and the metro population is not even close
@@ryanc4955 Charlotte, NC has nearly double the population (180% to be precise) of Atlanta, GA according to the United States Census Bureau in 2022. You may be mixing up Charlotte and Raleigh.
Currently living in Durham, and I’m enjoying it so far so I say this with love: finance jobs pay about 15% less than they would in Dallas/Miami, *and* you have to pay higher taxes on top of that. Not sure what other industries are like
NC has always had a chill vibe.
No mention of Disney in Pittsboro. No mention of how wages aren't keeping up housing prices. It's becoming impossible to afford the costs of living here anymore. My insurance rates have gone up 250% over the last two years, my escrow is extremely high.
North Carolina is a beautiful state but no amount of money would make me wanna live there again. Lived in Raleigh and it sucks.
What sucked about it?
@@prosperomiponle7645 everything. It’s so spread out and takes forever to go anywhere. Nightlife sucks. Restaurant scene sucked. Now this was more than a decade ago, but I couldn’t live somewhere again without decent public transit. I don’t want to have to drive to do everything.
@@ajr4187dude your smoking crack it’s one of the nicest places in the US go back to San Fran , sounds like that’s what your looking for
Yea I was excited moving here, but I'm leaving now. It feels like there isn't really thought put into to the growth. The one nice thing is there is a lot of Greenspace.
@@ajr4187 there is no uber?
Moved from Raleigh and it was the best decision, not enough to do, food wasn’t as diverse or good as I’ve had in other places, the summer is super hot and with the humidity you often don’t feel like it’s worth going outside for too long.
Where did you move to?
I'm in Raleigh now
I'm in Raleigh now
I guess Raleigh-Durham is yet another former affordable place to live that’s gonna become unaffordable soon and price out many of the native locals who called this place home for many years. It’s already getting up there and priced out many locals from what I’ve read and heard.
When I first moved here a 3 bedroom apartment across the street from North Hills was 800-1000 a month… now you won’t find that anywhere besides the southside around MLK blvd. THAT area is being gentrified as well.
Homes in Wendell & Zebulon are getting expensive & traffic out there is increasing dramatically.
It’s already unaffordable. I was born here.
Don’t vote for NIMBYs
@@kevinrod14 to be fair, finding a 3 bedroom apartment for 800-1000 is basically impossible in any major city today lol. Those will be 1500 at lowest if lucky. But I was looking up houses around there in surrounding suburbs as that’s where you typically go to buy a house, and even the 400k houses I saw looked like they’d be 200-250k maybe 4 years ago.
my uncle bought a house in old east durham for like dirt cheap (30k-15k) and that was in like 2012-2016 and I can now imagine it being like a couple hundred thousand or maybe in near a million if he builds a whole new house there. Its crazy because that was the hood hood back when they came there
I grew up and lived in Raleigh most of my life and the changes here are mind blowing. One thing the video didn’t include is crime. Downtown Raleigh has seen an increase in crime that is crazy because of overcrowded mess and homelessness is crazy here. You can drive along the highway and see homeless tents in the few forests that have not been destroyed by construction and deforestation. The uptake in crime has been seen in local news outlets which have coincidentally caused some small businesses to leave but you didn’t hear this in the video. I know this because I’m a longtime resident born and raised here. It does take about 30-45 minutes between Raleigh Durham and Chapel Hill depending on where you coming from. Housing prices are INSANE!! Apartments and single family homes are being built EVERYWHERE!! Still a great place to live and raise kids but I wouldn’t live near downtown Raleigh or certain parts of Durham for real. The new folks coming here don’t know this.
They’re moving here because we’re one of the worst states for workers but awesome for businesses.
Same here in Texas.
I definatly agree with this video I live in small town in NC and the rate of growth happening here is mindblowing. Non stop construction 24/7 not just the big cities
This is not happening only in NC, this is happening all over the country (USA). Affordable housing is a thing of the past.
With the huge demand for affordable housing, I'm surprised there's no market for it...
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I moved from Boston to Durham in 2019. Video is pretty accurate. I don’t think traffic is bad. Probably depends where you are going. I’m also used to some of the worst in Boston ( outside CA and New York). The culture is laid back and friendly. No regrets moving here
Lived there for 10 years and will never return. I am a black, college educated woman. High earning, dual income,4 kids. Not for us.
Why? share ur experience.
Thank you for sharing. I am also a college educated woman and as I watched I wondered if I had missed the boat on this on because 9 yrs ago my husband and I made the decision to buy a home in Brooklyn, NYC rather than Raleigh (when the prices were way cheaper) before starting our family because we thought there would be more job opportunities for people like us in NYC. As the business owner stated in the video, in NYC there is less community so I wondered if I had made the wrong choice for my children but reading about your experience gave me new perspective on the matter.
I lived there for 3 yrs and loved it. My only regret was not buying a property in that region. I bid on one in 2018 and didn’t win it. I bought later in metro Charlotte. As a black college educated black man I do think this region offers good opportunity however like everything else it’s getting costly, imagine in 10 yrs. It’s why it’s important to own now or pay the price later in my view. Sorry to hear you didn’t like it. 😔
@@ziwer1Too much traffic. Too expensive for what you get. Not worth it.
Come to Atlanta.
North Carolina in the house! Proud of being from NC!
Same.. not so much the football team though
Yes, me too! Wish the growth would slow down some though, it's getting out of hand.
Same greatest state to live in aside from Texas. We have mountains and the beach . I love NC
@@Vociferus142 It's a basketball state.
While I am intrigued by the growth up there... It still shows the main problems with a booming region: lack of affordable housing and transportation options. The light rail plan should not have been curbed the way it was by Duke.
Duke owns everything around here! I was so p----d when they stopped the rail system.
Well, let me put it this way. Since the media started to promote this state, crime had gone up tremendously, and rent is up the ruff. Traffic now is a nightmare. We are soon moving out.
The irony is people flocking to these regions are ruining it, population boom equals deforestation and destruction of the forest and woodlands. The nature is what made/makes places like Alabama, Carolina, Georgia great.
So are you voting for Democrats? They have let roughly 8 - 10 million illegals in over the last 3+ years. Those people have to live somewhere. What do you suggest?
Alabama!?
@@kia8077 Yep.
@@kia8077Alabama is actually underrated
Okay it's not the people themselves that are ruining it. It's the development pattern that is ruining it. NC could design policies to create a beautiful city like Amsterdam or London but instead they chose suburban sprawl. So more nature will be destroyed and more traffic will be created. It's not the newcomers doing it. It's the policies that NC's own government made up.
If you are coming to NC, be prepare to Buy a Car, Transit here is almost non existent, the infrastructure is much badly needed, SERIOUSLY...much needed.
Virtually all Americans that aren't dirt poor have a car.
@@swampwiz This is car centric mindset. Literally anywhere outside of the US people view public transportation as a fast and convenient way of getting around, not a welfare program for those who can't afford a car. Not to mention that car centric infrastructure and suburban sprawl are driving cities into bankruptcy. The "growth" that NC and other southern states are seeing is unsustainable.
@@buzilekk2118 You do know that the widespread adoption of cars was an evolutionary process based on the needs of people at the time. It is not some diabolical plan to destroy the world.
Terrible idea. Subways are very expensive and disruptive during years or even decades of construction. Remote work is possible for so many people now that it makes no sense to spend that kind of money. Better would be to turn failing malls into remote office centers for companies and push for self driving electric pods that can ferry people around on their schedules.
@@buzilekk2118that’s the thing, in most of the US it’s not fast, not convenient, and is heavily populated with homeless and mentally ill. Plus most of these people flocking to the South are buying single family homes which doesn’t translate well to mass transit. This isn’t Europe, this isn’t Asia.
Love how people moving here think that the metro is one singular entity. Us natives know there a HUGE difference between the East and West side of the metro. The West side (West Raleigh, North Raleigh, Cary, RTP, Chapel Hill, Morrisville, Apex, Holly Springs, South Durham) are where all the high incomes and jobs are. The East side (East Raleigh, North East Raleigh, South East Raleigh, Knightdale, Zebulon, North Garner) is ghetto asf. Loud, crazy drivers and dirty.
I'm from southeast Raleigh and don't appreciate you calling our area ghetto.
Lmao SE Raleigh is not ghetto 😂
Horrible take but go on
States and cities believe they aren't replaceable
It’s actually really terrible in NC. Don’t move there!
PSA: Do not move here. We’re full.
Yes, lol!!
Yup. Stop, turn back, nothing more to see here. We're getting choked with the crazy traffic and transient nature of this area.
Try Nashville or Atlanta. They would love to have more people. Just trust me.
lol. No it’s not. There’s plenty of room for everybody still.
@@WG55 don’t come to Atlanta either, try Nashville!
My friend bought a house in Cary, NC and it costed him 1.22 Million $ for a single family home that costs ~750K in Austin, TX
Never should’ve came down here
Cary is known as a upscale town. Buy the same house south of Raleigh for 1/2 that.
@@kevinrod14 Buy more and invest before prices go up!
The property taxes in Texas is the catch on their cheaper properties tho.
Like, DOUBLE North Carolina's on homes.
Dang and Austin is overpriced as well
No, the biotech industry in NC doesn’t rival that of Boston. It is a rounding error compared to biotech in Boston. It is great what RTP is achieving, but we should keep it in perspective.
I know, Bay Area and San Diego are far ahead of RTP
It won’t last. Home prices will rise and push folks out.
Home prices don't rise from people being out. They rise because of competition from people seeking to move in ❤❤❤ !!😊
Let's go NC ❤❤❤
@@economicdevelopmentplannin8715 I think @JadedJassy21 is saying that everyone will start moving there so the price of housing will rise because it'll be more scarce and it'll become unaffordable for most people. Look at San Francisco, Seattle and all the other places that have had tech booms.
Yes, there are many benefits to the Triangle and urban areas of NC.
If you are moving from a cooler, lower humidity area though be prepared for a beat down. AC is a lifesaver but your days revolve around how hot and humid it gets.
And the bugs...lets just say they are big and numerous.
Limit eating BBQ. It's mostly sugar.
You should eat vinegar based BBQ sauce. No sugar.
I don’t see any Black Americans in this video. As a native of NC, who exactly are the tech jobs for. I have an IT degree and Masters in Health IT and have been rejected for these so called “tech” jobs in the capital. Everyone now flocking and job kicking because they don’t care about the natives. The natives of the Triangle aren’t given an opportunity for a great career. Take care of home first before this sector is put on a pedestal .
Yeah definitely weird that they don’t show any black people when the triangle is uniquely integrated compared to northern cities
This has been the problem in Florida for years
They certainly don't show all them homeless people and random ppl in the middle of the road screaming at cars@@jay-cg8ri
@@jay-cg8ri Exactly or any other cultural group. The triangle is very diverse. I mean let’s call a spade a spade, who is the tech jobs really for that’s flocking to NC.
@@chrisb9977 This is ridiculous. People that are natives of a state should have top notch positions, especially if they have the education or the skill set.
I moved to NC in 2021, despite my entire family living in California. 3 years later, I miss my family so much but I am not convinced enough to leave NC yet. This is the most beautiful place I've ever lived in. To be surrounded by nature, tranquility, and feel safe is such a luxury that I could just not find in Los Angeles. I live in Graham, just a few miles away from the main triangle area. One thing I do wish was different was social life. I work from home and so it's hard for me to meet people, but even our neighbors keep to themselves and I would have liked more of a community. I'm still working on building that, though and I feel grateful being here now, especially with what's happening in California these last few days.
Wish you the best man. I am currently in Austin and I have been thinking of moving to this area to begin my professional career.
Also, what is it about the lack of sidewalks??? I do wish there were more sidewalks in NC. But it's manageable to walk around here since there isn't a lot of traffic.
@UtkarshDABoss thank you! It's beautiful, really. Plan a visit out here, spend some time thinking about where you'd like to live. They didn't mention Cary, NC on here but that is a nice city as well. It is more expensive, though.
You could find a local church for a community? do you go to church?
We’re in Burlington, right next to Graham! The location of Burlington/Graham is great, but honestly I haven’t liked it much besides that. People are either sweet old folks that retired in the area, or a bunch of hill Billy trashy kids with squatted trucks that grew up without fathers. No in-between lol.
Unfortunately it seems as though the NC government and law makers still operate this state like it's 1945. It's growing fast but is still SLOW at the same time. NC educators make 0 money, low on the totem pole for education, racist in a lot of parts in my opinion and the minimum wage is peanuts, servers make like $4 an hour. Don't be so quick to run to NC. MJ still not legalized.
Servers make exactly $2.13 an hour unless the restaurant offers more. If tips for a two week period add up to less than $7.25 per hour, their employer is required to pay the difference.
You don’t travel around NC enough if you think its racist in a lot of parts.
I’ve lived in every biome of NC for a decade. As a POC native, I’ve had more racism experience in Chicago, New York and Boston than in NC.
We moved to RTP from Minnesota back in 2016 and so happy for our decision, especially for kids.
I live in MOUNT AIRY NC aka Surry County. And our main city strip "601" has grown immensely since I've been born. Is extremely obvious that the old generation is dying out and the new generation don't have the same connection to the town like we once did😢
I live below you in Winston. I think it’s time we start gatekeeping the triad 😂😂😂
I'm so envious of these people who could get up and move to better cities and better states. We're stuck here in California and it's worse and worse and worse everyday week month and year. You guys are blessed
Why can’t you move?
Moved here from OC 17 years ago. Would never move back.
Now that Florida and Texas are tapped. Its now your turn NC. To all you locals, prepare for the worst.
Do not move here. We’re full.
I have always lived in NC and I grew up in Raleigh, so I know the growth, I have seen many subdivisions come in and many businesses come in.
I love living in Raleigh, NC!
I'd Love 😘 To Grab a Cup of Bobba Tea With You 😗
As someone who lived in chapel hill 22 years it is definitely not considered a Durham suburb 😂
6:53 I almost choked on air. Chapel Hill is NOT considered a suburb of Durham, although they belong in the same statistical area, no one in the Triangle considers the starkly different Chapel Hill, a suburb of Durham. Their city limits might touch each other, but there are VAST differences in income, culture, development, and a highway cutting across the suburbia that separates the two. Chapel Hill stands separately as a large town, just as Durham and Raleigh are full blown cities, nestled against each other just the same. The three together have large, indistinguishable interconnected suburbia, and all of that alongside all the other smaller towns that accompany the area, stand as one metropolitan region, a supercity of sorts. However Chapel Hill stands as an individual urban area just as Durham's core does as does Raleigh's.
i live in NC. There is no part of it that is VASTLY different from another part.
@@robertd9850 Absurd! The BBQ alone is vastly different across the state. The coastal region's culture is nothing like the mountain region, and neither of those mimics the Piemont area of the state.
@@hksurefire9306 Not even remotely true. I know people that live near the coast, in the mountains and in the Piedmont. There is no significatn difference, there just isn't.
@@robertd9850 What, your cousins you grew up with? I have traveled across NC all year round for the past 20-plus years, and the only way you came to that conclusion is your head was stuck where the sun doesn't shine when you go across the state.
@@hksurefire9306 Proud of that 5th grade response?
As a resident it’s great to live here. But as a small business owner, expect a significant pay cut than other areas due to excessive competition and shop around mentality
Old Chinese saying: There is no feast that does not end…….
I hate to agree with the Chinese but they're right.
The CCP needs to take that into consideration as well.
@@edb3255 absurd to resist agreeing with something just because it comes from a particular culture, truth doesn’t depend on it’s origin.
@@edb3255Lmao its a proverb thats probably hundreds of years old and youre making it political 😂😂
@@luispenaloza1602 You're 100% correct that truth doesn't depend on its origin. I also didn't say that it did. There are plenty of things that the Chinese do that is better than the West. Drinking hot water instead of iced cold water is one of them. One is good for the gut and the other one is not.
This is what happened to San Francisco. Silicon Valley wasn’t San Francisco. After transplants ruined the Bay Area, now they are looking for a new frontier.
I came to North Carolina completely broke. I am IT certified and no one has given me an interview for over a year. IT is failing across America. No livable wages. I ended up homeless and now am forced to live out in the country in section 8 housing. North Carolina cities are a plague.
In 2016 they couldn't get enough warm bodies for IT literally they would fight over applicants. After covid it's no longer entry level and the pay is the same as it was in 2016 and the pay was not much then...I always called it the US tech hub for cheap labor...
Choose a different job. If you don't get interviews why are you still trying to get into that field? Why do so many people INSIST on learning non-marketable skills?
I've never been unemployed because I always choose fields I KNOW will have openings. Pell grants, Lottery money and other student aid make retraining either free or sometimes even slightly profitable. Your choices are your problem. Stop wanting to do IT (or just IT) and use your computer skills to find job openings outside that overcrowded world.
I don't follow the herd. You did but you have time to be different. One way to buy time is getting a CDL. Most trucking isn't fun but work is about money and that CDL can make you desirable in other fields. Consider the military if you're not physically, mentally or criminally disqualified. That's an instant career with early retirement and such a structured environment you have to choose to fail. Think outside your personal box. Boxes are imaginary and may be discarded.
Just because you have an IT degree doesn't mean you have to be stuck in the IT industry. Branch out into other industries. I graduated with an ITS degree, I started my career in the semiconductor industry, and now I'm a Test Engineer.
@@Comm0ut that defeats living in a tech hub now doesn't it? Why pay to live in a tech hub if your doing a job that pay better somewhere else 🤡🤡🤡🤡
@@kc_1018 I exist for me. Not for capitalists.
Before the press covered how amazing Seattle was in 2010, numerous times, it was a perfect place to live. NC, thank the press (if it starts getting out of hand with people moving there).
It's been out of hand of people moving here for the last 20 years. Wilmington NC for example. Population has almost tripled in just 20 years and it is hell. Including the people that move here too bring their terrible politics with them.
People are not moving to North Carolina. They are moving to a small land mass making up roughly 9% of the state.
In turn creating a median income roughly 22k higher than the rest of the state. I feel like this point should have been explored a little in the “downside” portion of the piece.
I hope this can extend to Fayetteville one day
Ah, no wonder a NC native and recent grad can't find an entry level IT job in NC. All these overqualified people moving here.
Wendell Falls resident here-Place is growing like crazy.
That didn’t exist when I moved here 9 years ago!
Yay I’m glad I didn’t end up moving here.
As someone who was born and raised in North Carolina, the "pro-business" is something that hurt workers. But they never discussed that.
Enjoy rising rent and home prices from landlords and realtors price gouging. And all the problems that stem from it
I worked in the research Triangle area 40 years ago I can't even imagine what it is like now. The traffic was terrible on the main road from the research triangle to Chapel Hill even 40 years ago. Nonetheless I loved the area, it is beautiful but there is a lot of Driving.
RTP has been a hub for many years - I almost ended up working at SAS Institute i the late 90's. They have great schools and it's a nice area. I liked the area and the people. Transportation is definitely an issue - I'm surprised they haven't set up more public transit since my last visit as you need a car go go anywhere. At least here in the Bay Area we have multiple options.
We have a ton of greenways, much nicer than the Bay area for biking, running, etc. No light rail, but we do have a very good and inexpensive airport. Bay area has BART (if you want to chance it) and the nicer but expensive CalTrain.
@@davidb3917abc The greenways are very nice, and plenty of outdoorsy activities in RTP. Definitely a step up from the BA in some aspects.
@@davidb3917abci love cary mostly because of well kept parks and trails. But the cost of property has almost doubled in 4 years. People with jobs under 30 years can find it tough to get a good price. BUT cary and morrisville are extremely good places to raise a family.
@@grubbe-j9t That was a very long time ago so yeah very different now. I ended up getting the full campus tour and what have you. Nice engineering building.
Been here since 1999, our house is worth 3x what we paid for....this state and area will lead the way going forward....mass transit is on the way but at least they are trying. I'll retire here after 25 years at a university...great community colleges too, health care excellent. 4 seasons you can't beat. I've lived all over the country, this is the best.
Moved to NC during pandemic Loving it here. I grew up in an urban city with great subway system. But the flashback of overcrowded public transportation sickens me. Driving in NC is the best. Natural views with little to no traffic. Can’t get better.
North Carolina has beautiful terrain and work environment.
lol house prices gonna go up now
ikr xd
To late
so are property taxes. but not many job opportunitities to support high housing prizes are rents. Many owner will struggle to pay mortgage soon.
Thats been going on
Its crazy this is how USA cities work. Jobs and industry comes, people want to participate. Then housing market and prices go nuts. City eventually crashes, and another cycle takes over.
We will never have a world class metropolis with this sort of system.
Been having great success investing in real estate in winston salem. Their beltway system will be finished in the next few years and the population has been growing for a long time
build some public transport and housing around it
I mean RTC seems to be doing a decent job
I moved to greensboro last year after leaving nyc. I have to see more of that side of NC but I like it down here
Those DEI stock footages that they slide in LOL
Hopefully they fix public transit & offer more bus lines & higher frequency of times they're on offer as well as make it more walkable & bike friendly.
Will help boost growth even more if people aren't stuck in traffic in their cars having to get anywhere
😂😂😂😂i moved from Massachusetts to North Carolina..can't wait to LEAVE! PEOPLE ARE NICE but the rest is lacking
The snobbery is incredible. The rich people whining about our failed infrastructure that makes it hard for them to get around. Cry me a river. You have been fortunate to earn the degrees and career enabling you to live in a huge house, have all the latest and greatest. There are low income and homeless people around the area. They only get help when it benefits a politician for votes or kickbacks. Seems NC is losing the middle class...you're either so rich that even a failed economy such as ours is doesn't affect you financially at all or you are in debt just trying to survive...and hoping you don't lose your J.O.B. Not everyone can be high income success stories. We just don't care about the former middle class anymore. Mostly because it's disappearing.
It’s also completely gentrified and has priced out all the locals.
I moved away from NC about a decade ago. I found opportunities elsewhere, but NC is a fine place, nothing great, nothing bad. It is weird that now everyone wants to move there and thinks its so amazing.
One downside I hope gets more attention is the impact on local communities, particularly in terms of gentrification and rising housing prices. As tech companies flood the area, long-term residents might find it harder to afford to live there.
tech companies flooding is not true. There werent many moving in. Even those that moved in are not hiring. U will see painful house prize collapse and forclosures soon.
Say That LOUDER!!!
I know what you mean this sounds like the San Jose area companies moving to Austin situation.
Housing prices will rise if NIMBYs lobby for it to. What defeats this inflation is more supply, and there’s a chance to build up with these newer folks who are used to (and if built properly often appreciate more) tighter living spaces.
Vote Yimby and that won’t be a problem
I live in NC near the Winston-Salem area, the cost of living is very high in Raleigh and especially Charlotte. The traffic is horrible, I like the triad area better.
Wow, a whole city devoted to cancer sticks.
I am North Carolina resident please bring all your business here👍
Shut up
Love from Fayetteville North Carolina ❤️📈
Raleigh is North Carolina’s redheaded stepchild: Always looking up to Charlotte but never getting as much attention.