2 ms·
Huh. Is Chattanooga a posh locale? House prices don't look too far from New England.
by foobarian 3y ago
Huh. Is Chattanooga a posh locale? House prices don't look too far from New England.
- ProllyInfamous 3y agoOur housing market typically "lags" national markets by a few years (up & downs); but the recent whiplash effect has made the median homesale about 2x what it was in 2020. Also, inventory is lagging massively, and NIMBYism has prevented recent citywide attempts at allowing ADU's / increased density (e.g. see St.Elmo Historic District, which even though part of Chattanooga, exempts itself from most density rules by "being historic" — BS). Also, there is A LOT OF MONEY here, concentrated in such mountaintop locations as Lookout Mountain [cited in MLK's "I Have a Dream" speech, specifically as an example of wealth/cronyism].