Nashville housing crisis pushes residents to leave as prices surge, shortage worsens

[@FennaVa]

I sold a property in Q4 of 2022 and I'm waiting for a house crash to happen so I buy cheap. In the meanwhile, I've been looking at dividend stocks as an alternative., any idea if it's a good time to buy? I hear people say it's a madhouse right now but on the other hand, I still see and read articles of people pulling over massive returns by the weeks in trades, how come?

[@ralfbrown-kl1gp]

Housing prices are unlikely to decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply.

[@marcellasilva4015]

Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.

[@noahzimmerman-yg6qt]

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

[@aw1078]

I’m a California transplant. I have several neighbors & family members who have moved out here as well. We love it. Best financial decision. Prices are still cheap for us.

[@PhilipCox-ws9tk]

@@noahzimmerman-yg6qt who is your guy ?

[@shaymalchione809]

To go where? This is happening everywhere.

[@lindabrown6110]

By healthcaredo you mean abortion. Killing human babies is not healthcare.

[@shaymalchione809]

@@GothamsFinest Vote💙tell every woman you know to vote💙

[@02nupe]

exactly, its as if ppl are literally stuck in their own bubbles to realize this

[@annjames1837]

Try Memphis. I hear the housing market is very affordable

[@markferguson5652]

@GothamsFinest. Go back to new york.

[@re8746]

Should never have shut down the economy in 2020. This is what you get.

[@dfuss2756]

You guys need to vett the people coming in.

[@giraffe_113]

We need housing for new home buyers. Not mass buildings for people to rent forever to some corp.

[@jsacodes916]

Thanks goes to Californians, New Yorkers, etc...moving here, paying 50k, in cash, over the asking price and causing housing prices to become ridiculous.

[@annjames1837]

Locusts are considered the most destructive migratory pest. My definition of Californians

[@sandyjuntunen4088]

They seem to find a way to ruin everything. Now they'll start on voting in the junk that ruined where they were. Doing it in Texas.

[@aw1078]

I’m a California transplant. I have several neighbors & family members who have moved out here as well. We love it. Best financial decision. Prices are still cheap for us.

[@MelieSue]

@@aw1078how does it feel to know no one wants you here? 😂

[@aw1078]

@@MelieSue Doesn't bother me at all. It'll soon be full of more upper-class white people like myself which will make Nashville great again.

[@georgecuster527]

Changing the name to richville .

[@Seanpfree]

First-time home ownership is OVER in the US. Middle class will disappear in a generation. 77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn. At 35 having worked for 21 years pinching EVERY penny we should have something to show for it, but we don't. Wages have been sideways for decades, the only group that actually built wealth were the top 15%. They're wealthier than ever before in history because as earnings grew it didn't "trickle down" This economy isn't for us. It never has been. We've been checked out, not by choice.

[@SMwilliamlamb]

Everything is ok now. Just wait... things are about to get much worse!!!

[@infantebenji]

how worse ?

[@ALIEFcrew]

@@infantebenji well when you go to church it will be a robot with AI giving you the Sermon. Some people want to replace everyone.

[@topofthegreen]

Nashville is turning into LA, its ruiened.

[@eddiekulp1241]

When rents and houses cost so much that the majority of your tenants are in tents on sidewalks maybe the cost will collapse in future

[@DanielLehan]

This is why the fraudulent real estate criminals should never have been bailed out in 2008-2010.TOO MUCH GREED AND SELFISHNESS RUINS A GOOD THING! Real estate interests are repeating the same mistakes.NO BAILOUT THIS TIME!!!!

[@solarlight10]

So sadge, this is the only place this is happening

[@Rayjack-m9o]

Been going through the same in Los Angeles for years.

[@annjames1837]

No one cares

[@MS-ty8eq]

Hey how many short-term rentals and airbnb's do you have there in Nashville? About 5,000? You don't need new housing to be built you need to stop investor pigs from gobbling up your houses for short-term rentals. Ban Airbnb now

[@julialane6645]

I read Nashville has over 7,000 STRS & building more. TN Ledger Feb. 1, 2024

[@brenthandley5591]

This is nationwide problem. As somehow who works in construction, the main problem is that from 2009 to 2017 the nation substantially under built by millions of single family units. You can’t make up for that shortage when demand increases. Not possible! There will be a net deficit of available units for the next decade. Californias’ minuscule 1.2 million families leaving to the other 49 states a drop in the bucket. Prices in Nashville would have gone up regardless.

[@SmokyOle]

I'm a local from Mid TN and I'm moving overseas. You guys can fight for the scraps that is whatevers left of this country.

[@BlairWytch74]

May I ask where you’re headed? Been considering it myself

[@tm-qi4vy]

very much been considering the same. this place is crazy

[@davidwright873]

Dear people: Not everyone can live in the same place at the same time! SPREAD THE fk out!,

[@johnmarsh3475]

I moved out of Nashville years ago and not a moment to soon as it's becoming horrible without public transportation

[@steverinaldi890]

Join the crowd across America. I live in Phoenix and every CA resident seems to be moving here trying to make it another CA. Annual income needed now just to live (not buy) is $103k:year

[@Lulusvideos1]

Not all of us! Too hot, I prefer the ocean air. 🌊

[@jacobmasters1933]

Housing shortage created by monopolistic real estate purchasers

[@julialane6645]

Residents will be moving out of Nashville, because of Crime & Cost of Rental & Homes.

[@02nupe]

and find more of the same in any other city they go to....... Then if ppl actually traveled outside the USA, they would see its more of the same....

[@annjames1837]

Let's hope out of Tennessee

[@aw1078]

I’m a California transplant. I have several neighbors & family members who have moved out here as well. We love it. Best financial decision. Prices are still cheap for us.

[@VulcanLogic]

Hey, here's a thought. Build more smaller starter homes, with higher density, so more families can afford a home.

[@Al-ht5pi]

Sadly I’m a generational Nashvillian and it’s def expensive now to live here.

[@BernardLimpet-qd8bk]

... as America continues to fall because of greed 👌

[@GTPInternational]

Where? Nashville is overcrowded ! Don’t move here.

[@aevalravenhurst6549]

I blame the realtors for over valuing homes.

[@naturelover2292]

I also blame the northerners for flocking to affordable southern states.

[@benproffitt5957]

Realtors don’t assess the value of homes the tax assessor does by guidelines set forth by the state. Much of which is trend and speculation. The government can say the market all they want but nation wide I think they have simply manifested another way to tax you to death. By market logic homes in California should be cheaper due to the mass exodus of people leaving the market flooded with homes but guess what, they’re not. Kinda throws that “market” excuse out the window doesn’t it.

[@bryone6421]

@@naturelover2292 suddenly you’re against Gentrification and people moving from where they don’t like. 😂

[@aw1078]

I’m a California transplant. I have several neighbors & family members who have moved out here as well. We love it. Best financial decision. Prices are still cheap for us.

[@chase5415]

Instead of focusing on a transplant (who are the ones at fault for increasing demand in the city and directly driving prices up), how about you interview a Nashville native who has lived here when home prices were less of half of what they are now? Once again, a Nashville news network fixated on interviewing transplants and tourists rather than natives.

[@markferguson5652]

@chase5415 Native here. That is what I'm always thinking. They never interview natives. My theory is they know it will run counter to the narrative. This is what happens when the chamber of commerce, tourism board and the board of Realtors runs your city. They never consider telling the world we're FULL! It's always more transplants and how "dynamic" Nashville is.

[@tm-qi4vy]

how many of us are there actually left? I personally think the places they're interviewing in have no locals anymore. and if they are they arent outside walking around, theyre out working their a$$ off to afford living. we are not the majority in Nashville anymore, the city has made sure of that, nashville is now a city of transplants

[@maryspringer1442]

Shoot,,I live in Morristown away from the bigger citys here in east TN and I still pay 1300 mnth for only a two bedrom..single with two kids still at home,,I dont even have a bedroom! To pay my rent internet electric cell phone and grocerys,,I have to bring home 840 a week! Thats alot for a single mom to make in one week..work two jobs hardly get to be with my kids.. and thats just bills,,not a movie or eating out or a birthday gift clothing etc..its getting unreal..how the heck are my kids going to make it on their own? (two olders boys just moved out this past year and are already struggling) Theres not wnough housing here in Morristown..but then again we have thousands coming into the country every month where are they going to stay when we already cant find apts to rent??

[@Mobileandlegends]

Try finding a 1b 1bath for that price in Madison WI. Talking about affordability.

[@newpapyrus]

Plenty of land outside the major cities to build brand new high population density high rise residential cities within commuter distance of existing cities. But trying to build significantly more housing within cities that are already overpopulated is a waste of time.

[@markferguson5652]

@newpapyrus. We don't want to live like the communist chinese.

[@erickuribe9860]

Thank you BlackRock, THANK YOU 🔫

[@leedanielson7452]

Come on down to Florida!!!! Prices are even higher here!!!!😂😂😂

[@williambaker-d7h]

@@leedanielson7452 only if you insist on a brand new, huge and fancy hse. Im not only a formerly homeless person, but a walmart employee and recently purchased my first home!

[@solarcognac7112]

What’s the appeal of moving to a town with a country Beale street and getting drunk in cowboy boots.

[@JerryDonn]

You work to live not live to work all that work to get no where you can think the greedy governments

[@ariansmovies]

So much talk about it is expensive this and that, what about talking about what can be done to make home ownership for a first timer be affordable.

[@staywell7217]

Lots of East Coasters moving to Nashville.

[@markferguson5652]

@staywell7217. Yes, they need stay there.

[@whosbehindthedoor8788]

Post the follow up with more real estate tips!

[@johnmarsh3475]

People moving here to avoid income taxes but what they don't realize is the cost of living in TN is astronomical. Utilities, taxes on purchases, rent and home costs ALL are more than most states with a modest 2-4% income tax

[@Patrick-yh5yd]

Crime will drive down prices. Most people buying never listen to Dolly Parton.

[@may86bear]

Florida 2.0. Be prepared 😅

[@waterbug1135]

Most people never could buy a house in a popular area on a single income.

[@hornet224]

Time to move to Florida. You are welcome! Boating, fishing, biking, golf, sunshine year around.

[@markferguson5652]

@hornet224. HOA nightmare

[@phillynurse9492]

No insurance, decaying septic tanks, teachers and health care workers fleeing the state, high taxes low home inventory , culture wars, no thanks.

[@dustywilson5461]

If more people moved back in with their parents and established multigenerational homes -- as well as if all illegal aliens were deported, the housing market would improve soon after.

[@stephanienguyen6992]

Nothing compared to CANADA = 500% NIGHTMARE

[@lamars2486]

LETS MAKE IT LIKE MIAMI ... "just to keep up for the demand .." i.e. corporate housing aka short term rentals for sports venues and conventions ... 😮.

[@bryone6421]

But Socialism’s a slippery slope.😂 We need tax cuts for the job creators! It’s going to trickle down wealth. CEO’s depend on you, don’t let them down.

[@United-States-of-Africa]

I invite yall to africa

[@jeremydye8196]

wow unbelievable not really lol

[@williambaker-d7h]

Yes, really.

[@DJ-vj4vi]

Move to Memphis, Tennessee or another small city in Tennessee.

[@celestialtl]

This is all false news, look at all the empty shops downtown…but we still need more building?

[@WilliamMartin-r3s]

Japan is facing hyperinflation.

[@GTPInternational]

Whine whine whine drizzle drizzle drizzle Nashville needs to crash prices need to drop 30% feminists are getting their due

[@Scottie-x3o]

Men in high cost cities literally cannot afford to date. This is generating social ripples that are spreading across the country.

[@aw1078]

Get your passport Kings. And don’t let Baby Mamas gaslight you into believing real men take care of another man’s kid. 🎵Now You A Single Mom🎵 Drizzle Drizzle

[@kendrapratt2098]

Oh, hey, it’s Craig!