People are learning. This will be a generational event that will shape ideas and thoughts of real estate for a good few decades to come. Kinda like the destruction of the belief in the Voting System or Educational system or FBI in this country on and on. These changes are permanently set in the pyche of us that lived it. It has an effect on the landscape. Those buyers from other places are drying up. I am sure the guy that sold boat trips in the Sahara desert when it still had water is really pissed right now. Prices MUST drop. And they will ultimately.

federal reserve go brrrrr, home prices go up as currency is diluted. Simple as that.

i paid way less then that for my 10 acres thats crazy people are paying these prices

it is getting as expensive as California!

Agreed you can still find good deals just hard we love tennesse and wanna leave Michigan but it’s just not doable prices for acreage have to more then here and it’s 10k or more per acre here I. Wine and fruit country

I have experienced significant losses, and I am holding on with the hope of recovering them. It is evident that I am in dire need of assistance. Could you please share the name of the investment adviser who guides you?

Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.

Have you given any thought to the idea that "assistance" as in free money during Covid, etc. is what has caused the inflation? When you oversupply the money, then the price of goods goes up. We need less assistance, not more.

Same thing in Florida. In the last 10 years, we have lost virtually all of the pastures in our small town and the neighboring towns too. It is all becoming mega-retirement-golf communities. For the life of me, I don’t understand why anyone would want to live in one of those neighborhoods. I grew up in Hendersonville & Gallatin TN BTW.

I sold my log cabin on Center Hill Lake last September for 58% more than 2019 appraisal value and bought a 17 acre farm 20 miles east of Center Hill Lake. Enjoying the farm life now. Plus I still own some lake property near my old cabin. Might build another cabin on the lake in a few years. So, it's a win win for me. Best of both worlds.

Same thing outside Dallas- Fort Worth! Apartments as far as the eye can see, not a forest in sight.

White girls in Nashville, Michigan and Chicago facks, and everyone from Florida that hates the yankees over running us here. Sad state if affairs man. Worst case scenario for conservative southern Americans. Damn shame.

Same thing in TX, my nice rural acreage is becoming less rural by the day. Farm land is being sold off as 1 acre lots for trailer parks or larger plots for custom homes. I can only hope the property values go up enough that I can sell and flee to a more rural setting for the peace I was looking for that has now been shattered.

I hear you, same situation.

And you're still looking even though there's a bubble? You should be grateful you can't afford one. Watch what's about to happen. If you had bought in, you would be losing your home very soon

Just understand you're part of the reason prices are going up. The only way they will go down is if everyone collectively stops "looking".

Correction is coming and those who are prepared to move on the properties will be rewarded for their patience. Be glad you didn't stretch to buy at the peak.

That's my story here in DFW.

No doubt they are ugly

i live in roane, no better

The same thing is happening here in Montgomery county. Houses popping up like mushrooms. It’s disgusting.

Blount as well, Maryville is becoming a south suburb of Knoxville... Heck even Alcoa just annexed some farmland up the road in order to have a development build a small community like springbrook even though it is not even connected to the city limits (The county is fighting it because they got nothing for it, betcha that hits a supreme court level case easy, and you know they will probably side with the developer/city)

I just listed my land if you're interested. I've got another 5 acres attached to this as well.

They are overpriced everywhere.

Over priced homes and minimum wage jobs.

Amen. Kin folk said Jed move away from there 🤠😞

I'm in Northeast TN

Really I thought all these people moving to red states were doing so because of your great business climate. I guess thats way wrong. LOL They cant find replacement jobs that pay anywhere near the blue states do so they are going bye bye.

Im in Southeast TN.

Taxes and politics. Tennessee is recruiting "primary residences" and ultra maga migrants.

I'm in Middle Tennessee.

Yep.. TN is being destroyed

Then stop voting for the "pro-business"/n*zi party, of course they're sellouts

as a true local i feel the same.i grew up in the country.now there's no open feilds or wooded areas safe anymore from a damn hoa neighborhood etc. i say pick another state we are full here ...leave our natural habitats alone ...

It happened in Florida. Ruined the state forever. Happening in Tn now. Buckle up, ain’t gonna get any better.

A lot of people from California, Illinois, etc moving in.

no.. thank a democrat who doesn't care about you high taxes and high crime

Institutions owns less than 1% of single family homes.

@@theraddadinvestor1000actually 20%. Mostly five investment entities Invitation Homes, American Homes 4 Rent, FirstKey Homes, Progress Residential and Amherst Residential. Why did u lie?

Just curious, where would you go if you left TN?

As long as you are not a fool perpetually renting, and you are staying in your current home, you're good to go. Why move if your house payment does not change. Instead, put extra toward the principle and pay that thing off. It's a gold mine. Also, do not let family ties hold you back from ensuring your prosperity. If you move a few hours away, so what. This isn't the days of the covered wagons. They did it. You can certainly hop in your air conditioned car and drive a few hours.

@@Jester33347 Where would you go, Brandon?

Forgot to mention earlier, do not expect your employer to give you huge raises. No matter what, they will only give you 3-5% if you're fortunate. You MUST job hop if you want 30% increases. Do it while you're young because eventually you tire of changing employers, and change in general. Then you land somewhere good and get comfortable, and then then work smart and prove your value. Always ensure your employer knows you are producing far more than it costs to employ you.

More like 3 times the price from 2014

Sup, STS fam!

Plus Dollywood serves up so much sales tax property taxes there are some of the lowest you will find anywhere

Agreed. There was some misunderstanding of the local market going on in this video. Prices could crash in Sevier County, but because it is at the main TN entrance to the Smokies, odd dynamics are at play. It's more like being right outside Disney or Yellowstone or Taos or something.

@@yankeegonesouth4973 You have to factor in Dollywood. It brings in so much sales tax revenue, Sevier Co has some of the lowest property taxes in the country

The states need to start jacking up prices for investment property and reduce for primary homes.

Very true. I live in a high taxed state. My husband gets 24% of his income taken before he sees his check, not including health insurance. The property tax for a $400,000 house is $600/mo. ...and dont even get me started on the state closing for 18 mo and all the children that suffered immensely. Theres way more than money reasons too. Many are running away to a more free state in case theres another pandemic.

@@annar3068 I’m in a very similar situation in Wisconsin

I feel for ya I moved back to Chattanooga years ago to get away from Atlanta. Then had to flee to East Ridge. Got 7acres in Cleveland for now. Just trying to stay outa the crowd.

@@saneauto I commuted to work in Cleveland in the 90s and early 2000s and am amazed at how much it's been developed since then. Paul Huff Pkwy and the area near the mall look like Gun Barrel Rd in Chattanooga now.

@@saneauto That is to say that I don't consider Cleveland a place you go to "get away" from the city anymore. Of course, I'm sure it's nice having seven acres there, anyway.

@@saneauto Isnt North of Georgia nice?

@@saneauto cleveland is nice. so is lookout mountain area

They will call some people in California to buy it... " So cheap" was all I heard in Oregon from the locusts from the south....

I live in Pigeon Forge - was once an isolated spot in the middle of town and they are currently building 3-story apts in my backyard... to go along with the freakin' church gymnasium in my front. It's heart breaking!

@@msgatlinburg - Do you think you'll move to a less bustling part of TN?

Did you move to another area in TN?

@@Castleknight And if you move to a less bustling rural area, you are sure to get saddled next to a bunch of trashy hoarders because that's where they live too.....the sneaky realtors will sell you a nice house first, then after you get settled in they will sell the one beside you to the hoarders.

Californians are spreading their crazy all over the country. Fastest way to bring it down is to infiltrate everywhere and work to bring their ideas and change what was once good. Sad, but true.

You are my bro. My family has been here for 300yrs. My Scottish ancestor did the masonry work on the Rutherford Co. Courthouse on the Square which was completed 1 month before the Civil War started. Always considered myself blessed for growing up here and looked forward to making my life and retiring here as well. But, now the Carpet baggers are invading en mass and making life miserable. Like yourself, I care not for riches associated with my home, I just want to live peacefully where my little family can be safe but, it looks like the NWO isn't going to allow that. Anyway, good luck out there and I promise it isn't me who cuts you off or rides your bumper on Memorial Blvd, or, as I now call it, Thunder Dome Blvd.

No, all because the government wanted to keep interest rates artificially low forever, so that their asset and stock prices could wildly outpace "normal" inflation. The criminality is at the top, and deficit spending is the root cause.

​@@CaptainCaveman1170True, but who do you think those government people work for?

@@AB-fq4mr Not for us, I can assure you.

@@CaptainCaveman1170 kzfaq.info/get/bejne/ntFphsKgmbK7aWg.html

@@CaptainCaveman1170 "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...." ~Thomas Jefferson

This 👆 He does a good job of analyzing the charts, but the charts do not account for the reasons behind migration.

​@@TENNESSEE-B I agree, this is a multifactorial dilema. There is still a supply shortage and he is using the P/E ratio as basis for overvalued market. He however failed to dive in to why a market would have such disproportionately priced homes to the earnings of the local community. The reason why is because Sevier county is home to Pigeon Forge, Gatlinburg and the most visited national park in the nation the Great Smokey Mountains. Sevier coins a AirBNb Heaven as the highest earning area for Short Term Rental due to lack of hotel rooms. So yes the homes being sold are all rental cabins at disproportionate prices because they are businesses not residential homes for locals. Knoxville is still affordable and the data is based on wages of US Labor department emphasis on LABOR. As in Employees. We have huge amounts of local businesses and owners, retirees and influx of not just high cost of living state transplants but also foreign countries that come work at the National Lab, University and large corporations that are based here. Our economic drivers are in the top 5 for the nation and we have amazing beautiful land as well as weather that is relatively mild. So in conclusion TN is leading the nation in many ways and that will not result in a housing crash or major correction. At worse we would just stop seeing double digit appreciation and be in the single digits.

​@TENNESSEE-B I agree, this is a multifactorial dilema. There is still a supply shortage and he is using the P/E ratio as basis for overvalued market. He however failed to dive in to why a market would have such disproportionately priced homes to the earnings of the local community. The reason why is because Sevier county is home to Pigeon Forge, Gatlinburg and the most visited national park in the nation the Great Smokey Mountains. Sevier coins a AirBNb Heaven as the highest earning area for Short Term Rental due to lack of hotel rooms. So yes the homes being sold are all rental cabins at disproportionate prices because they are businesses not residential homes for locals. Knoxville is still affordable and the data is based on wages of US Labor department emphasis on LABOR. As in Employees. We have huge amounts of local businesses and owners, retirees and influx of not just high cost of living state transplants but also foreign countries that come work at the National Lab, University and large corporations that are based here. Our economic drivers are in the top 5 for the nation and we have amazing beautiful land as well as weather that is relatively mild. So in conclusion TN is leading the nation in many ways and that will not result in a housing crash or major correction. At worse we would just stop seeing double digit appreciation and be in the single digits.

I blame the show NASHVILLE and Jake Hoot🤣

@@kellyhartman2278 You have high income cash flush folks moving here from blue blue states for lifestyle and crime. That is more than just numbers.

Would be the last place in Tennessee I'd move

You can thank Swain, Jackson, and Graham County North Carolina for that - we lag so far behind on Telecoms thanks to Thom Tillis that we are just now getting reliable internet. Sevier County, on the other hand, had future minded congressmen like Lamar Alexander so the telecom infrastructure was laid 20 years ago...where as, it is just beginning on the NC side of US441.

It's true. MANY Conservative "refugees" are fleeing the blue zones (they didn't create but got stuck in). It will balance out and the speculators who are trying to capitalize on this migration, will sell after the tide turns again them. Then the time to buy or buy back in, will arise. Nice job on your timing.

We sold in Maryville in 2019 at a great price to go to Pensacola FL for work, but heading back home to Tennessee soon because I can't stop wishing I was on old Rocky Top!!

Hello neighbor. I sold a place in East Brainerd and 2 places in South Chattanooga at the top. Im hanging on to my 7 acres in Cleveland.

Exactly. Blue state refugees

@@HomesteadForALiving And these demotards are like gypsies. When they muck up one camp, they pack up and move to a nice area and muck it up too.....

Once they get tired of living next to drug addicted hoarders, they will move on. This state is FULL of those types, especially in rural areas that would otherwise be peaceful and heavenly to live in.

@@reesedaniel5835 Exactly. I was born and raised in middle TN and you couldn’t pay me to move back there. Meth heads and fake, pushy, religious people. Tennessee was high crime back in the 60s and 70s before meth. It’s the only state I’ve ever lived in where we were robbed, more than once. My Dad’s motorcycle was stolen during his funeral in 2011, for God’s sakes!

Yes, it may pause a bit, but it will never go back to where it was.

@@reesedaniel5835 You think that drug addicted hoarders don't exist in Illinois, California, New Jersey? Trust me, they are everywhere

Bugs and humidity. Bugs and humidity. No thanks.

They get plenty of tornadoes though

Florida too...and we got HIGH taxes , HIGH insurance , Hurricane and FLOODS. BUT TN is way CHEAPER.@@mandydholzer

I was thinking same. And, some pretty cold weather. I'm in Chesapeake, Va. And it's generally warmer here. Very little snow...none this yr., so far.

It will come to violence eventually

@@coldsnap999 ....or there will be a big economic correction and prices will fall.

Hi sir I live in Knoxville area . Do you still build houses now ? I’m looking for to build beginning of next year

A lot of them retired public employees from states like NJ. They cut all their tax bills by more than 50% and still get the guaranteed pension from their state

Just purchased a home with four acres on the Cumberland plateau for $172,000. It was on the market for just one month.

Yes! It blows my mind how people afford this. Where do they work lol. Not everyone has a six figure job and then daycare and vehicles and just living. I have no idea how folks do it

I hear you, I'm over in Sequatchie and they're trying to take every inch of the valley. Keep up with your local politics. If we give any more ground this area we love will be just another housing development.

The right-wing goons on here promote a brutal ethos of unbridled capitalism, and fascistic cultural ideals that justify trampling on others to get ahead. This mutant ideology holds an eroding middle class hostage, rewarding few and chastising the rest--the Amerikan 'conservative' pathology is a grotesque collective narcissism manifest

@@coldsnap999 your more stoned than St Stephens corpse. Guess you wish for someone to think you should get a free home just because your a 'heck of a fella'.

i tend to agree with your points. are you a builder?

@@ThriftyCHNR negative. just a guy in TN.

Slight correction 10%. Is not slight. The downturn hasn’t even gotten started. Let’s see how that % looks in Nov 23 24 25.

All part of the plan....

@@reesedaniel5835 Ok Q...

Freaking insane. Doesn’t help that here (Bedford) there are places selling well over a million that should reasonably be priced 300-600.

I live in Upstate NY. I can tell you that many many folks are moving out of NY for southern states like TN. It drives up purchase prices and taxes in TN, but with fewer homeowners and businesses in NY, the state almost tripled property and school taxes to make up for the loss, making it harder and harder to survive here. I want to move out too, but where would I go that's not as bad as here, or worse than here? The damn Desert? NO. Just. No. Florida is just as bad. My brother bought a 50 year old mobile home with the lot for $8000. Refurbished it himself, and sold it 2 yrs ago for $87,000.

Same in WNC!

it is turning into California!

Maybe THIS now IS the correction…

Hubby & I went thru this in the late 80's in CA. We knew then that CA would not be where we would live out our entire lives. We left in 2011 (I was unable to get a job & hubby took an early retirement) and traveled for nearly 12 yrs looking for our final home (while sightseeing the country). We ended up in KY (things worked for us) and don't regret our choices.

Rest assured, they will ruin it. They shit on everything they touch. That's the disease of "liberalism".....

Doesn’t Tennessee still tax food?

The California invaders expect the locals to adopt their lefty views

So are you saying many were replaced with larger more valuable homes?

I came Here to say that, your right, he doesn’t understand that county and why it’s expensive and gone up

You are correct

as soon as air BB becomes heeavily regulated or locals outlaw it because of instability, or people simply tire of the latest craze and having to wash their own sheets take out the trash and clean someone elses property while paying 275 a night... there is going to be a huge deluge of former B&B being dumped on the market at fire sale prices which will help reverse the trend.

You're talking about Native... Americans? Nah, of course not.

If we don't support the politics of those leftist areas which are drowning in debt and taxes are skyhigh, why should we be forced to stay? Would YOU want to live in Shitcago or LA?

​@PsyQ they have their own reservations

There has been a large influx of foreign investors and "I Buyers" who don't seem to understand the population shifts or even care for that matter. Since Clause Schwab wants to put a billion people here I believe they will start shipping them in.

@@BucketClinger There's gotta be A reason like that because the migration math doesn't add up. I wouldn't be surprised if the administration shipped 1000's of the wealthiest Ukrainians over here, spreading them out all throughout the country and labeling them "down and out refugees" (refugees that can afford Mcmansions and G-Wagons).

I think there is also price fixing across the country through online services that cause real estate agents and landlords to move in unison and even hold back inventory to ensure prices stay high.

@@zwatwashdc that’s it! But for how long?

@@yvonnemitchell9381 it would probably take a serious and sustained drop in demand. Agents and owners need to feel some sustained decline in income. Right now they are enjoying the easy money, and they will fight to keep it. When demand returns, however, the fixing will start again because the tools are well established in the industry now. Government seems like a willing accomplice, so consumers might have to lean into a serious buyers strike and come up with alternatives. In my opinion, the key problem is that everyone wants the boomer life, but haven’t realized that it is out of reach for most people. Millennials probably won’t be able to break out of the mold. So we have a ways to go.

YOUR part of the problem

I live in this area and houses are still super over-priced and people are buying !

Very true...makes me sad...anywhere you go you hardly ever hear our dialect anymore

@missdeeva2266 That's for sure, sometimes when I'm out I think I must have fallen asleep and woke up in Michigan or some damn where

Low crime my ass! The crime rate in TN has always been high in my lifetime and I’m 62. I think it’s ranked 4th in the nation for the most crime.

Low crime? Nashville has a Democratic mayor like most metro cities.

Stepdad was with the Robertson country sheriff's dept for 16 years. Not exactly what I would call low crime. It's a lot of crime that is t portrayed as "real crime" like the big city/ghetto, but it's there for sure. Crazy amount of domestic violence.

I suppose Mississippi and Alabama are also conservative refuge with the worst life expectancy in the nation all republican leadership. Stop it. We aren’t here to play politics we are talking about housing market and simple economics

Lololololol

Bro mine was at 2.25% in 2021 peak refinance time. VA loans are like 2.5x that now. I am never going to be able to sell bc I will never get that again.

You can always buy down an interest rate by loading up the pts on back - you pay several thousand on the closing but you save that in your 1rst yr or 2 , after that you're good to go a a lower rate.

That is realistic pricing in Southern California’s inland empire

YOU are part of the problem....

"Fleeing" you mean the few n*zis left are engaging in white flight

Stay " U:P there" please......

@@ricksmith4736 lol

Besides the " Go Biden" signs in their yards...

​@@ricksmith4736 I thought most of the people moving there were republican looking for less restrictions, land, and animals. Am I understanding it wrong? 😅

We're full especially for anyone up there or west coast

They most likely won't ever get the chance. They should hve held onto at least one property. They shot themselves in both feet. The underlying agenda with all this inflation is to make us all homeless.

Not the smartest Realtors, selling to rent? When rent right now equals the price of 3 to 4 mortgages? Seriously?

@@lgtvstick368 That's why they have more money than you. They understand how it works and you don't. They sold houses that have gone up by almost 100% in 5 years, taken hundreds of thousands of dollars out of their real estate portfolio and are paying $2,500 a month in rent while waiting for the market to drop so they can buy more houses and do it all over again. But YOU know better....right genius.

I've been looking at Tennessee already for a year. I want to leave New York so bad.

Spend $12 and you can look at all the data you want for 1 month!

Haywood County, they just closed the paper mill

Or people HAVING to sell. What happens if we go into a deep recession and jobs are cut?

@@Wartrace good point.

Well the people who can’t even afford a house anymore AT ALL are really the ones that are screwed…not people selling 3x over what their house is worth over the past 2-3 years and making bank

@@jomr4249 prices are going to drop, they always do.

@@davidwelty9763 They are never going to drop down to affordable for the majority of people from TN…there is too much demand. We are really the people that are screwed (the people who didn’t yet own a home before this). Not real estate agents.

Please don't vote for stupid people. Nashville is already lost.

More like bullshittish

You must not know much about TN. Racial issues? Give me a break. There are few states safer and the people extremely kind. Try spending some time in the area.

You are correct about TN wages being low for how high the cost of living has become. There’s poverty but nothing worse then what I’ve seen in California. Is there a drug issue going on yes it I’ve seen that in many states. The people are so kind for the most part in east Tn. TN has beautiful countryside and I haven’t noticed any racial division. Black and whites live just fine together in the same neighborhoods. Are there a few rednecks that can be stupid? Yes! However stupidity can be found in every state.

@@chays19751 Few states safer? You have the 4th highest violent crime rate in the nation, lmao. I've spent some time in TN, i think you're the one that needs to travel.

I live in Scottsdale so clearly I travel quite well thank you. As for crime rates those are population based and on the far West end of the state a leftist city is included that no one even wants to visit and that’s Memphis. Does Compton define CA? No! The rest of the State is amazing. Nashville, Knoxville, Chattanooga, and the tri-cities are destinations as this video shows. I wouldn’t move back to St Louis but that doesn’t make MO a dangerous state. You went to Nashville for a bachelorette party I’m sure.

Haze, Your assumption would be incorrect. I live in east Tn and originally from California. I don’t need a lecture and I don’t care if you are well traveled. God bless and have a good one.