We’re all seeing the signs of the top, but some are looking worse than others. What is the market really like?
We’d like to elaborate why we feel that TN may become soft but will remain strong compared to it’s peers.
- TN didn’t heat up too much, compared to markets like Las Vegas, Miami, Los Angeles, and others – TN was not on fire as much as some of these other markets.
- It was demographics, not monetary policy, driving prices up. People have been avoiding blue cities due to restrictive COVID rules to the point that they became unmanageable.
- TN still relatively cheap from CA, NY, FL, and other northern states. Low taxes in TN will continue to attract large earners who can work remotely.
- TN is still a great place to retire, not only because of the zero income tax, but that helps.
- Climate Change is becoming Climate Collapse, as we are seeing freak storms, hurricanes, and other natural disasters. TN is mostly mountainous and if you avoid a FEMA flood zone, relatively safe. Disaster can strike anywhere of course, but building a house on sand near a huge body of water is not a good idea, if you want to be safe.
- TN is still relatively undeveloped, compared to many states. There is development opportunity.
Of course, we may be wrong – we may be biased. But we feel the difference between states is vast, and we feel TN will benefit.
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