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re: Rent is spiraling out of control in Nashville and Austin
Posted on 3/2/19 at 2:01 pm to TechDawg2007
Posted on 3/2/19 at 2:01 pm to TechDawg2007
quote:
We bought a house right outside of Nashville two years ago. It has appraised for $45,000 more than what we bought it for
Guessing all other similar housing as gone up at an equal rate there.
0
Posted on 3/2/19 at 2:05 pm to wazoo11
quote:
What's the cause for this bawhs?
The owners of property demanding more money for its use.
quote:
How would you fix this situation?
Why do you love socialism? There is nothing to fix.
Posted on 3/2/19 at 2:06 pm to wazoo11
quote:
Rent is spiraling out of control in Nashville and Austin
First of all it's obviously not spiraling out of control because if it was out of control it wouldn't be spiraling anymore.
But the solution isn't all that difficult to figure out. Move
Posted on 3/2/19 at 2:32 pm to lynxcat
quote:
I live in a very nice place in Dallas for $1350 for about 750 sq ft. As much as I would love to have access to the outdoors of Seattle, I appreciate the COL in Dallas.
And you could get a nice 1 br place in dallas for $700 10 years ago.
Posted on 3/2/19 at 2:34 pm to AUCE05
quote:
I'd rather live in Bham. Basically burbs of Atl, and closer to the coast.
Good.
We don’t need more carpetbaggers.
Posted on 3/2/19 at 2:35 pm to ShortyRob
I find the cost of living in Nashville to be inflated in comparison to the quality of life it offers. The west side is "nice" but it's nothing special. North, south, and east of the city are mostly transitional neighborhoods but housing costs reflect much higher livability than reality. Something wonky is going on with housing. Rising prices indicate lack of supply, but I also know all of the new apts in my "trendy" neighborhood are having difficulty finding tenants. Meanwhile, shite basement studios in transitional neighborhoods are going for $1200+...
It's a city on the rise, no doubt, but the whole "it city" thing is a farce. They've done a great job marketing the city for tourists, but as someone who moved here from Atlanta (a city people love to hate on), I'm having a hard time understanding what's so great about it.
It's a city on the rise, no doubt, but the whole "it city" thing is a farce. They've done a great job marketing the city for tourists, but as someone who moved here from Atlanta (a city people love to hate on), I'm having a hard time understanding what's so great about it.
Posted on 3/2/19 at 2:42 pm to tokenBoiler
quote:
What's the cause for this bawhs?
The owners of property demanding more money for its use.
quote:
How would you fix this situation?
Why do you love socialism? There is nothing to fix.
Often it's the government being partially to blame by not allowing the market to build to the demand. The government is stifling development.
Posted on 3/2/19 at 2:45 pm to Tigerbait46
quote:
'm having a hard time understanding what's so great about it.
I moved here im April 2002.
I loved Nashville up until 2012. That’s when the yankee carpetbaggers started arriving en masse and the whole personality and charm changed.
Posted on 3/2/19 at 2:48 pm to wazoo11
After doing extensive research on the subject I have come to the conclusion that is 100% based on the specific attributes most notably link to supply and demand.
Posted on 3/2/19 at 2:55 pm to Tigerbait46
quote:It doesn't actually matter what you or I think of Nashville.
It's a city on the rise, no doubt, but the whole "it city" thing is a farce. They've done a great job marketing the city for tourists, but as someone who moved here from Atlanta (a city people love to hate on), I'm having a hard time understanding what's so great about it.
The bottom line is, they charge that rent because they can GET that rent. And that's because people want to live there. Whatever their reasons.
Posted on 3/2/19 at 3:00 pm to wazoo11
I helped a family member get a 2 bedroom in DFW recently, he's paying more than we pay for our 3,800 sq foot home including escrow 
I know only 3800 for three people, we are poor
I know only 3800 for three people, we are poor
Posted on 3/2/19 at 3:00 pm to ShortyRob
I am in Nashville for the first time in 12 years. I am amazed at the amount of growth happening in the city right now.
Posted on 3/2/19 at 3:17 pm to Tigerbait46
quote:
I find the cost of living in Nashville to be inflated in comparison to the quality of life it offers.
With location, no state income tax, extremely cheap property taxes, And neighboring Williamson Co with top rate public education (and 1/2 property tax rate of Davidson Co), Nashville attracts a very different demographic than most other comparable markets, especially in the South.
Posted on 3/2/19 at 3:22 pm to Stingy
quote:
Ever heard of Metro Nashville. Well, that includes Antioch. And apperently you don't get around Nashville much because there are many more projects and low income homes than average or high income homes. Middle TN. Is my territory and I drive around Nashville everday...it is a dump with pockets of nice areas.
And for more proof, go to greatschools.org and search Nashville schools. They are horrendous relative to surrounding counties.
The city is broke and the crime is out of control, which has a direct correlation to the horrible school system run by an incompetent affirmative action recipient.
The police are leaving in droves and the moral at the fire dept. Is at an all time low.
Nashville is a pig with lipstick.
The OP said Nashville not New Orleans.
quote:
Middle TN. Is my territory and I drive around Nashville everday...it is a dump with pockets of nice areas.
Tell us more about your vast knowledge of living...oh wait.....of driving around Nashville everyday
Posted on 3/2/19 at 3:22 pm to Tigerbait46
quote:
but as someone who moved here from Atlanta (a city people love to hate on), I'm having a hard time understanding what's so great about it.
The fact that it is not Atlanta for starters.
Posted on 3/2/19 at 3:55 pm to 13SaintTiger
quote:
Tell us more about your vast knowledge of living...oh wait.....of driving around Nashville everyday
Look Metro is trying to spend its way through the next 10 years of gentrification. It’s attracting the right industries and demographics, we just need to ride it out if this momentum continues. These companies are moving jobs here hand over fists due to market data signaling a decline. That’s nonsense.
And green hills, forest hills, west Meade, Belle Meade are some pretty damn dense pockets.
Posted on 3/2/19 at 3:55 pm to wazoo11
quote:
Rent is spiraling out of control in Nashville and Austin
Anecdotally rent is actually starting to level out in Nashville. Development has slowed a little too.
But the increase in rental prices over the last 5 years has been absurd
I'd love to buy some property on the east side of ashland city though
This post was edited on 3/2/19 at 4:02 pm
Posted on 3/2/19 at 4:53 pm to crazyLSUstudent
There are new apartment complexes being built all over the city. The problem is that the rent at many of these places is ridiculously high, as in $1,200 for a studio unit.
Posted on 3/2/19 at 4:58 pm to Tigerbait46
quote:
I'm having a hard time understanding what's so great about it.
As a 34 year resident of Nashville I agree. Unless you like to drink a lot there is not much that Nashville offers.
Posted on 3/2/19 at 5:00 pm to wazoo11
The populations of these cities have increased by multiple hundreds of thousands of people over the last 20 years. That means they needed to build a lot of housing and infrastructure. Construction is expensive. Prices go up.
How to fix it? Make more money or move somewhere else. Lots of places get expensive and stay expensive.
How to fix it? Make more money or move somewhere else. Lots of places get expensive and stay expensive.
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