Nashville Rents Are Stoopid
My wife and I currently rent a house in a really nice part of Franklin. It’s a little old and needs work and since we rent, we aren’t jumping at the chance to dump a bunch of money into the house.
So, I have been looking at rentals in the Nashville area and for some reason, people are asking for absolutely crazy amounts of money in rent. The Nashville housing market seems to be very hot with lots of new development, both in-town in the form of condo buildings and around town in new subdivisions. Houses are going up for 60 miles around Nashville and the condo buildings in-town are becoming more and more exclusive.
With all that building going on, I can’t understand how the prices have stayed so high and seem to be continuing to rise. Is there really that much demand? Nashville doesn’t seem to have that much of an influx of residents yet demand is the only reason the prices could continue to climb in the face of the amount of building going on.
In short, if you want to live anywhere near town, you should be prepared to pay through the nose or live in a large, McApartment complex. Even in the huge apartment developments, prices are keeping pace with the single family housing around town. It’s really baffling.
In conclusion, the wife and I may end up living way out of town and that means I’ll be killing the Earth and my wallet on the daily commute. Oh joy!