North Carolina
What $500,000 buys you in North Carolina vs New Jersey is not even close
Before I came back to NJ 101.5 last August, I had a few months where things were quiet on the radio front in New Jersey and over in Philly. Quiet enough that my phone started ringing from other places.
Charlotte. Raleigh. Two separate conversations with two separate radio stations in North Carolina. I did the interviews. I listened to their stations carefully and gave their managers honest thoughts on how to improve their programming. I went far enough down the road that I had to actually think about it — not as a hypothetical, but as a real decision Linda and I would have to make about our lives.
I did not take either job. I came home to NJ 101.5 instead, which is exactly where I belong. But I spent enough time with those numbers — housing, taxes, cost of living — that they are still sitting in my head. And every time I read about another wave of New Jersey residents heading south, I think about what I saw.
What $500,000 buys you there
The median home price in Charlotte right now is around $415,000. In Raleigh it is around $426,000. That means $500,000 is not the ceiling — it is well above the median. It buys you a serious house. A newer construction home in a desirable suburb. Four bedrooms, three baths, a two-car garage, a backyard worth using. In some neighborhoods, a finished basement and a covered porch on top of that.
In and around New Jersey, $500,000 is a starting point for a conversation. In many parts of the state it gets you something modest. In Bergen, Morris or Essex County it barely qualifies as entry-level. The median home price in New Jersey sits around $584,000 — and that is the middle. Half the homes in the state cost more than that.
What $500,000 buys you here
The house math is only the beginning. The part that really stings is what comes after you buy it.
New Jersey’s effective property tax rate is 1.77 percent — the highest in the country. On a $500,000 home that is roughly $8,850 a year, and the statewide average bill has already pushed past $9,800. North Carolina’s effective property tax rate is 0.62 percent. On the same $500,000 home — the better house you bought for less money — that is about $3,100 a year.
The difference is more than $5,700 annually. Every single year. That is before you factor in that North Carolina has a flat income tax rate of 3.99 percent — dropping further — while New Jersey’s top rate hits 10.75 percent. That is before you factor in car insurance, which costs the average NJ driver about $3,400 a year compared to roughly $1,600 in North Carolina. That is before the tolls.
Add it up and the gap between living in New Jersey and living in Charlotte or Raleigh is not a number. It is a lifestyle.
What I found out about those cities
I want to be fair here, because during those months I paid real attention to both places. Charlotte feels like a city — South End, NoDa, Plaza Midwood, Dilworth. Real neighborhoods with restaurants and music and a downtown that works. Raleigh has the Research Triangle, Apple, Google, a university ecosystem that brings in young energy and jobs. The weather is genuinely good — not Florida humid, not the frozen tundra —this past winter fresh in our minds.
Both cities are growing fast because people from New Jersey, New York, and Pennsylvania keep arriving and discovering what the math already told them.
I have my own South Carolina data point too. In May of 2020, at the peak of COVID, Linda and I drove down to Charleston for over a week. Our reason was straightforward — South Carolina was still largely open when New Jersey was not. Open restaurants. Open bars. Folly Beach was packed and alive while the Jersey Shore sat empty. I liked it there. I liked the pace, the vibe, the waterfront. I remember thinking, I could live here. And what your money buys you in Charleston versus here is its own kind of revelation.
SEE ALSO: 192,00 have left NJ since 2020 — Is your town next on the list
Our home — 33 years and counting | photo by EJ
So why didn’t I go
Because of thirty-three years in the same house. Because of raising two kids here. Because of the friends we have known since before any of this happened. Because holiday and summer weekend gatherings are not a flight away.
When I thought about it honestly — really honestly — I realized I would rather leave the business I love than leave the home, the family, and the community we have spent a lifetime building. That is what kept me here. Not the taxes. Not the property values. Not the math — which, as I have just laid out, loses badly.
I made peace with that. I am genuinely glad I stayed. I am exactly where I want to be.
People leaving New Jersey are not leaving because they want to. They are leaving because the math eventually wins. I just happened to be one of the ones for whom it did not.
At least not yet.
LOOK: Here’s where people in every state are moving to most
Gallery Credit: Amanda Silvestri
North Carolina
North Carolina gains inside track to College World Series finals with 5-2 win over West Virginia
OMAHA, Neb. (AP) — Gavin Gallaher’s two-run triple gave North Carolina the lead in the seventh inning to help send the Tar Heels to a 5-2 win over West Virginia in the College World Series on Sunday night.
The Tar Heels (52-12-1) opened a CWS with two straight wins for the first time in eight appearances since 2006 and need one more victory to reach the best-of-three finals next weekend. They’re off until Wednesday, when they’ll meet the winner of a Tuesday elimination game between the Mountaineers (46-16) and Troy.
“Our goal is to play really well on Wednesday,” Carolina coach Scott Forbes said, “but I think I’ll sleep pretty good tonight going 2-0.”
The Tar Heels scored three unearned runs against Big 12 pitcher of the year Maxx Yehl (9-3) to break a 2-all tie in the seventh with country music star and North Carolina booster Eric Church cheering them on in a suite.
They had runners on first and second after West Virginia third baseman Tyrus Hall and second baseman Brodie Kresser couldn’t come up with grounders. Gallaher lined a ball deep into the gap in right center for a 4-2 lead and he came home when Owen Hull grounded a ball up the middle for a single.
“When you give a great team five outs, it’s hard to get through it,” Mountaineers coach Steve Sabins said, “and the groundball broke our back.”
An inning earlier, Forbes called a team meeting in the dugout and, according to ESPN, told his players they needed to play looser and have more fun. The Tar Heels went three-up, three-down in the sixth, but the next inning Gallaher and his teammates were having a jolly time on a clear and cool evening at Charles Schwab Field.
Forbes called Gallaher “Mr. Clutch” for his history of coming up with big hits in critical situations over his three years in the program.
“I just try to keep everything the same, stick to my routine and trust my preparation,” Gallaher said. “I keep grinding.”
Gallaher said he also finds comfort having Forbes coaching third base.
“Always has a smile on his face, and that takes weight off your shoulders,” he said.
The mood in the Tar Heels’ dugout changed in the ninth. Walker McDuffie (9-3), who relieved starter Ryan Lynch in the fifth, gave up a walk and single to bring Ben Lumsden to the plate as the potential tying run with one out.
Caden Glauber, who pitched 2 1/3 innings of shutout relief in a 6-2 win over Mississippi on Friday, came on and struck out Lumsden and Hall to earn his fifth save.
Sabins said the task they face to reach the finals is difficult but not insurmountable. The Mountaineers won three elimination games in regionals.
“We were able to scratch back and claw back,” he said. “You get a little bit more rest in this event. So guys get rested, recover, come back and try to eliminate a team in a day.”
North Carolina
North Carolina secures big-time 4-star DL Kaiden Robinson-Vickers
Dunnellon (Fla.) four-star defensive lineman Kaiden Robinson-Vickers has committed to North Carolina, he told Rivals’ Hayes Fawcett.
He chose the Tar Heels over offers from UCF, NC State, Florida and a number of other Power 4 schools. Dunnellon told Rivals’ Inside Carolina that he made his commitment on Saturday night to the Tar Heels’ staff before going public on Sunday.
The 6-foot-1, 255-pounder is the 12th commitment this cycle for Bill Belichick and Co, whose class now sits just inside the top-50 nationally on the Rivals Industry Team Recruiting Rankings.
As a junior, Robinson-Vickers finished with 55 tackles, 7.5 sacks and 19.5 tackles for loss. He also totaled five forced fumbles.
The Rivals Industry Ranking, an equally weighted average that utilizes all three major recruiting services, tabs him as the No. 401 overall prospect and No. 43 defensive lineman in the class.
North Carolina
North Carolina Charging Order Against Delaware LLC Affirmed In Universal Life Insurance Company Case
This case arises in the Durham NC Superior Court.
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Universal Life Insurance Company (“ULICO”) held a North Carolina judgment in excess of $524 million against Lindberg, resulting from the latter’s breach of a guarantee in 2020. Lindberg held 100% of the shares in a Delaware corporation called Global Growth Holdings, Inc., which in 2023 he converted into a Delaware limited liability company now called Global Growth Holdings, LLC (“Global”). Lindberg was apparently the sole member of Global.
In 2024, ULICO filed a motion in the Durham County Superior Court in North Carolina for the imposition of a charging order against Linberg’s interest in Global. Attempting to fend off the charging order, Lindberg argued that the North Carolina court did not have jurisdiction to enter a charging order against a Delaware LLC. The Superior Court disagreed, and entered a charging order in favor of ULICO against Lindberg’s interest in Global. This set up the appellate opinion that we will next examine in Universal Life Ins. Co. v. Lindberg, 2026 WL 1407705 (2026), which you can read for yourself here.
The first question the North Carolina Court of Appeals took up was whether the charging order was even appealable at this stage. To be appealable, the charging order had to be considered a final order. An order is final if there is nothing left to be done by the trial court. In a previous opinion in this same case, the Court of Appeals ruled that the charging order was not final, something known as an interlocutory order, because at that time the charging order was subject to possible modification by the trial court. Here, in contrast, there was nothing further for the trial court to do in regard to the charging order, and thus it was to be considered a final order.
The next issue was whether the charging order provision of the North Carolina LLC Act should apply to a Delaware LLC. Lindberg argued that it should not. The contention was that the section of the North Carolina LLC which related to charging order only applied to companies that were formed under North Carolina law. Instead, Lindberg’s North Carolina LLC was a foreign LLC under that LLC Act and thus was not subject to the charging order provision at all.
As an aside, this argument is known as the Heather Apartments argument after the unpublished opinion of the Minnesota Court of Appeals where the issue first arose. A number of courts have struggled with this issue, with seemingly most deciding that the charging order provisions of most states’ LLC Acts do indeed apply to out-of-state LLCs, such as in the Vision Marketing decision.
The Court of Appeals had not such difficulties and disagreed with Lindberg’s argument. Under the LLC Act, a North Carolina court could impose a charging order against a debtor’s interest in an LLC whether it was formed in North Carolina or elsewhere.
The remaining issue was whether a North Carolina court had personal jurisdiction over Lindberg’s out-of-state assets. In other words, Lindberg argued that because Global was a Delaware LLC, the North Carolina court was without jurisdiction to impose a charging order against Lindberg’s interest in that entity.
The Court of Appeals rejected this argument. Lindberg had made a general appearance in the North Carolina Superior Court and thus was subject to its jurisdiction. Because a charging order only places a lien on the debtor’s interest ― but not on the LLC itself ― it doesn’t matter where the LLC is located so long as the debtor was within the personal jurisdiction of North Carolina. Thus, so long as the debtor was before the Superior Court, the Superior Court had jurisdiction to issue the charging order without having to relying upon in rem jurisdiction (i.e., jurisdiction based on property being located within the jurisdiction. Thus, the Court of Appeals stated:
“In our view, so long as personal jurisdiction exists over the interest owner, a trial court may issue a charging order.”
Since Lindberg was within the personal jurisdiction of the North Carolina courts, that by itself was sufficient for the charging order to be issued against his interest in Global, even if Global was domiciled in Delaware. Thus, the charging order of the Superior Court was affirmed.
ANALYSIS
An interest in a limited liability company is typically defined by statute as personal property. Unlike physical assets ― say, a car or coin collection ― an LLC interest is an intangible, and thus is known as intangible personal property. Typically, intangible personal property is considered to exist in the jurisdiction of the debtor’s residence. Presumably, without knowing, Limberg lived in North Carolina since ULICO sued him there, and thus Limberg’s interest in Global existed in North Carolina. There is also an argument to be made that intangible personal property follows the debtor around wherever he goes, but that is beyond the scope of this article. The important thing is that the jurisdiction of formation of the LLC plays no role in this analysis.
Where it might matter is forcing the LLC to comply. A North Carolina court may enter a charging order which is places a lien upon the debtor’s interest in an out-of-state LLC, and certainly the debtor is bound by the order. However, whether the out-of-state LLC is bound by that order is a different thing entirely. Assume, for instance, that Global had no assets in North Carolina or any connections to that state; in such circumstances, the North Carolina order will have no effect on Global itself until at least ULICO registers the order in Delaware under the Full Faith & Credit clause of the U.S. Constitution. Global could, in theory, continue to make distributions to Limberg in violation of the North Carolina charging order …. for a while.
This is why creditors who discover that the debtor has an interest in an LLC with valuable assets will usually register the judgment in the state where the LLC is formed. Then, when the charging order is issued, the charging order will also be filed in the state of the LLC’s formation. The state of the LLC’s formation has no choice but to register the charging order and then the LLC itself will be bound by it.
But note that even if the charging order is not registered in the state of the LLC’s formation, the charging order is still binding upon the debtor. Thus, if Global were to ignore the charging order and make a distribution to Limberg, he would be required to turn over the distribution to ULICO or else face contempt of court for violating the charging order.
The upshot of all this is that forming an LLC out-of-state doesn’t create any advantages in relation to a charging order. The laws of the LLC’s state of formation as they relate to the charging order are irrelevant. Thus, you may hear that an LLC should be formed in Delaware as here, or Wyoming, or even my adoptive state of Nevada, because those states “have better charging order protection.” That’s nice, but also irrelevant if the debtor is not resident in one of those states (and maybe not even then). It is simply a baseless myth that a debtor can somehow import “better” charging order law to protect his interest by forming the LLC in one of these debtor-friendly states.
Thus, my typical response to the question, “Where is the best state to file an LLC for charging order protection?”, is usually, “The state you are in, or where you will be actually conducting business.” That’s the charging order law that will almost always apply anyway.
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