4 ms·
This is true even in Boulder, which mostly endured the 2008 downturn. I'm curious to see how it works out.
by rch 8y ago
This is true even in Boulder, which mostly endured the 2008 downturn. I'm curious to see how it works out.
- partiallypro 8y agoWe'll likely never see a housing crisis quite like 2008, at least not a for a while, but many cities really have overshot reality. I'm in Nashville and it's absolutely insane what people are asking for houses in bad neighborhoods or houses in good neighborhoods. It might not be a lot if you're moving here from California, but if you're from the region even Atlanta or Charlotte, you're getting a bad deal. Condos last I checked were cheaper in Charlotte and Atlanta in good neighborhoods than Nashville. Even in surrounding cities it has greatly outpaced rationality. Homes in East Nashville are up almost 300% in 8 years. That's not normal.
- wil421 8y agoDo Airbnb and Vacation homes push prices higher in Nashville? Planning a trip to Nashville and there are a lot of Airbnbs available. I’ve known a few people with rental or vacation condos in Nashville. I’m in Atlanta and it’s nice to see prices cooling off. Especially since I want to buy soon. A lot of lisitings look like the sellers are way too high especially in hot areas.
- rashomon 8y agoThey absolutely do like tourist-heavy cities like Barcelona or London but a temporary drop in a white-hot housing market isn't a good sign to buy. Houses are still ludicrously expensive.
- dangus 8y agoNashville is one of the fastest growing cities in the US, along with being small to begin with, which should make it an outlier, yes?