I told someone yesterday that I've always been good at pulling comps and finding accurate home values. You have essentially been my high school algebra teacher for home values. I could always come up with the answer but now I can "show my work." Thanks.
The Nashville I once knew is dead now, I'm not a fan of the direction this city is heading, all the locals have been priced out, the southern hospitality is gone, and the uber rich have taken over.
Yep, management I work with continue to be dumbfounded that they cant find young people who live in Nashville to work. Nope we all live an hour or more away from Nashville. Cant pay a guy $25 an hour and expect them to be able to buy a house local to Nashville. Boomer math never fails.
Owning long run is a great hedge on inflation and stagflation IMO. As long as you can hang on to it. Nobody should be certain they know where prices are going with all of the uncertainty around gov deficits, inflation. It’s really decided by central planners. Unfortunately.
🎉🎉🎉 At minute 3:30 , I believe that as well, But if you had asked me last year I would have told you that this would be impossible! 4:03 Bank Failures? There’s going to be a lot more of them coming soon! I’ve been keeping an eye on the Wilson County market for a while now since I have had 3 homes there. But now after watching this market for so long I’m becoming to think just like the others who still see value in the $500,K range. Even though I bought my last house there about 6 years ago for only $435,K and sold it for around $778,K But I know better and will just wait! I remember when the key number/price for buying and selling homes in Wilson County was around the $200,K mark for a nice new home there. I guess that i was just one of the lucky ones who got in and got out at the right time. Thank you so much Ethan for all you share with us. You’re doing an awesome job at what you do. Have a great week my friend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
Yeah trying to get a doctor here is a nightmare. There’s just too many people here that all the good doctors already have enough patients. Frankly, I think it’s pretty shameful that Nashville has “OK’ed” this Oracle move, knowing dang well that we already have a housing crisis here. Would love to know what kickbacks Oracle got as well…
Inflation adjusted that $1 million dollar listing is $800-$850k In 2020. You need to accept this is the world we live in. It’s not crazy and it’s not a crash. It’s a market with high demand and high inflation.
I was an Maintenance mechanic at Centennial for nine years , I was barely able to get my minimum health care needs met , the last Doctor I had there - was a young , thin Doctor who told me that I should try losing some weight - if I wanted to feel better. He was right, but I did not appreciate the "attitude".
Companies are moving here for only one reason= Money. Cheaper salaries, real estate/rent, and government benefits at the expense of the taxpayer. When Tennessee is fully gentrified and expensive, they will pack up and move to another state or go completely virtual.
I like east Nashville due to it being Nashville. Oracle is a big win from a headline perspective. I think in the long run all of Nashville will benefit from companies moving here including east Nashville.
everyone does not have so much money, thats a laughable idea. people from LA and similar WITH money are moving to nashville like they did austin TX because its semi affordable comparatively, safe, and relatively "progressive". Local incomes are not keeping up with prices, especially in places like williamson and franklin. While there has been a couple month relative rebound, lets see how that plays out in the winter as comps lag
I am in Houston, probably one of the best cities in terms of medical resources. Got all kinds of specialties in town. Usually no wait except for pediatrics in some fast growing suburbs - to my knowledge.
lol! Can you show the share of houses 1M plus versus houses sold under 500k? Rich buying expenses homes when average Americans aren’t will move the numbers. They don’t have to finance.
I mean “lifestyle and culture” is stretch nowadays. It’s basically “expensive city” lifestyle and culture. Nashville was cool because it was different than every other city, now it’s literally doing all the things that sucked about other cities. Huge bummer!!!!
ye - think Oracle and TikTok are big deal - which def. push up Nashville housing. On the other hand, I'd say Austin housing is going nowhere in the next 2 years. Although Musk has big plans for Austin, he probably gonna have some setbacks in his various ventures. So Nashville should beat Austin in the near future.
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I told someone yesterday that I've always been good at pulling comps and finding accurate home values. You have essentially been my high school algebra teacher for home values. I could always come up with the answer but now I can "show my work." Thanks.
Thanks Chip!
The Nashville I once knew is dead now, I'm not a fan of the direction this city is heading, all the locals have been priced out, the southern hospitality is gone, and the uber rich have taken over.
Imagine being from here. The change is a nightmare. The nashvegas mentality is wild nobody wanted to even come here when I was growing up 😂
Yep, management I work with continue to be dumbfounded that they cant find young people who live in Nashville to work. Nope we all live an hour or more away from Nashville. Cant pay a guy $25 an hour and expect them to be able to buy a house local to Nashville. Boomer math never fails.
Boomers don't even do math. That's the problem.
Nothing to do with boomer math, crybaby. It's corporate greed.
Great video. So, a question for you - is owning or buying a house now a hedge against inflation? What about stagflation?
Owning long run is a great hedge on inflation and stagflation IMO. As long as you can hang on to it.
Nobody should be certain they know where prices are going with all of the uncertainty around gov deficits, inflation. It’s really decided by central planners. Unfortunately.
🎉🎉🎉 At minute 3:30 , I believe that as well, But if you had asked me last year I would have told you that this would be impossible!
4:03 Bank Failures? There’s going to be a lot more of them coming soon!
I’ve been keeping an eye on the Wilson County market for a while now since I have had 3 homes there. But now after watching this market for so long I’m becoming to think just like the others who still see value in the $500,K range. Even though I bought my last house there about 6 years ago for only $435,K and sold it for around $778,K
But I know better and will just wait!
I remember when the key number/price for buying and selling homes in Wilson County was around the $200,K mark for a nice new home there.
I guess that i was just one of the lucky ones who got in and got out at the right time.
Thank you so much Ethan for all you share with us.
You’re doing an awesome job at what you do.
Have a great week my friend.
Blessings,Carlos ✝️🙏❤️😊🇺🇸
Thank you!
Appreciate the price band breakdowns, really helps frame things.
Thank you!
Yeah trying to get a doctor here is a nightmare. There’s just too many people here that all the good doctors already have enough patients.
Frankly, I think it’s pretty shameful that Nashville has “OK’ed” this Oracle move, knowing dang well that we already have a housing crisis here. Would love to know what kickbacks Oracle got as well…
Lots of tax incentives. It’s a good point. Why pay companies to move here if Nashville has a housing shortage?
Inflation adjusted that $1 million dollar listing is $800-$850k In 2020. You need to accept this is the world we live in. It’s not crazy and it’s not a crash. It’s a market with high demand and high inflation.
Shocking info! Thanks for sharing, sir!
Thanks!
I’d love to see more info on other counties. I’m looking in Rutherford (under 1M) and miss seeing a glimpse of that data.
Noted. Will try to include broader area including Rutherford.
I was an Maintenance mechanic at Centennial for nine years , I was barely able to get my minimum health care needs met , the last Doctor I had there - was a young , thin Doctor who told me that I should try losing some weight - if I wanted to feel better. He was right, but I did not appreciate the "attitude".
I’m sorry to hear that.
Companies are moving here for only one reason= Money. Cheaper salaries, real estate/rent, and government benefits at the expense of the taxpayer. When Tennessee is fully gentrified and expensive, they will pack up and move to another state or go completely virtual.
Do you like East nashville due to oracle headquarter headline
I like east Nashville due to it being Nashville. Oracle is a big win from a headline perspective. I think in the long run all of Nashville will benefit from companies moving here including east Nashville.
everyone does not have so much money, thats a laughable idea.
people from LA and similar WITH money are moving to nashville like they did austin TX because its semi affordable comparatively, safe, and relatively "progressive".
Local incomes are not keeping up with prices, especially in places like williamson and franklin. While there has been a couple month relative rebound, lets see how that plays out in the winter as comps lag
In Utah I was seeing doctors. In Tennessee I only see nurse practitioners.
I am in Houston, probably one of the best cities in terms of medical resources. Got all kinds of specialties in town. Usually no wait except for pediatrics in some fast growing suburbs - to my knowledge.
I believe it.
Crash incoming
Maybe in the Fall? Maybe if we get 8% rates?
Maybe the crash is in our currency?
lol! Can you show the share of houses 1M plus versus houses sold under 500k? Rich buying expenses homes when average Americans aren’t will move the numbers. They don’t have to finance.
So basically, nobody normal can live in Nashville.
Basically. Yes.
I mean “lifestyle and culture” is stretch nowadays. It’s basically “expensive city” lifestyle and culture. Nashville was cool because it was different than every other city, now it’s literally doing all the things that sucked about other cities.
Huge bummer!!!!
It is very expensive. I think it has some unique advantages over most other cities. It’s the best place in America IMO.
Circa 2016 I ABSOLUTELY agree 😊
ye - think Oracle and TikTok are big deal - which def. push up Nashville housing. On the other hand, I'd say Austin housing is going nowhere in the next 2 years. Although Musk has big plans for Austin, he probably gonna have some setbacks in his various ventures. So Nashville should beat Austin in the near future.
Oracle is who they wanted to force a sale of TikTok to 4 years ago. I don’t think it’s a coincidence they will both be in Nashville now
Yeah. Austin looking pretty bad right now. Honestly I’m envious. I wish prices would drop in Nashville like that.
This is the end of first-time home ownership.
It will change.
Stop saying "guys" every other word.
Thanks for the feedback. This may never change. 🤷♂️