Nashville Apartment Crash is HERE! 

I hope not

It is for young people. Tennesseans are historically used to houses that cost 150K-250K.

Nope. It’s a blip. The reality is that housing markets move slowly. In 3 to 10 years, this is all likely to work out. Baby boomers are dying off, and these corporate buyers will figure out that single family homes are NOT the best investments for big companies. Either rates will go down or prices will go down. Also, wages for hard work will go up as cushy white collar job salaries stagnate. Those who work hard and smart usually get “lucky” while those that do not take their chances playing politics of one sort or another.

Home prices will just appreciate far slower than overall inflation for a couple of decades

Do you see any short term rentals struggling?

The market will take time to work, buy rents ARE going to come down, perhaps significantly.

It’s a question I have. If these start selling lower, will rents drop? I don’t know 🤷‍♂️

Thanks for sharing. Are you leaving because you don't like it?

Hey thanks! Looking forward to connecting.

Do you have any data or sources for that information? I’m not seeing that. In fact everything I’m reading is migration is accelerating. This is more about over supply, high interest rates and poor management causing a crash. IMO

Yes. They are struggling.

I’m sure it’s more than we can imagine. 😂

@@EthanFlynn i saw this phenomenon concerning BlackRock. They've leverage our 401K's, IRA's, and Municipal Pensions into real estate. Lost of pain coming!

It doesn’t end well.

Possibly. They are just so different. Especially in WC. I thought for a long time it would impact Single Family but it seems that they are very different customers. If anything a lot of renters will soon be buyers when prices make sense. So I don’t see it as taking away demand from single family but more of a holding for future demand.

@@EthanFlynn I got that people buying are more likely established than people renting. But 1M+ is a small segment in housing at most places. For houses under 700k, just do not see any compelling reason to buy - if renting is significantly cheaper.

Are you a commercial investor? There is a huge gap between buyers and sellers. So nothing is moving. What is moving are forced sellers which right now is GVA. Their property dropped 30% in value and they have 15 more that I’m guessing will sell over the next 18 months. Everyone else white knuckling unless they have long term fixed rate debt and can weather higher vacancy and lower rents. Most debt that comes due will require money to refi.

Huh? I can be patient and I don't care if it's price drops or rent increases. The math has to make sense. Thanks for watching my channel for two years.

😂

Well. What’s really bad is the number of times I said it and cut it out. That clip went on for another 3 or 4 tries 😂😂

😂

Thanks for sharing. Are you renting downtown?

True. Do you think we could have inflation with recession?

What are you talking about? We're already in a recession! We are about to hit a depression!

I’ve been working on it. The bond funds are insane mazes of cryptic garbage. Not saying it’s all trash but everything that people have been saying would sink the banks is also sinking our retirement accounts. And they are using the same tricks of “held to maturity” to keep values from reflecting reality. Here’s a video I did about an empty office in cool springs. Owned by a pension. The Dark Truth about the Commercial Real Estate CRASH ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-kfJ4dkW5Shs.html

@@EthanFlynn Thank you! As a TN government employee and 401k contributor (thought not bond funds) this worries me for myself, friends, and colleagues. I've been meaning to do a project on government provided 401k funds and how it leads to capital flight (companies in them aren't based in TN so they are encouraging funds to leave the state) and now there is this bond stuff on top of it.

Williamson County has more contract volume than last year and prices are higher than last year. So volume up and prices are up. The increase in inventory is $1M+ listings and the demand has increased so much that the supply still feels tighter. Davidson County is the only county in middle tn right now that looks like a brewing disaster. Everything else looks stronger than last year.

That’s valid, I only look at Davidson county. I don’t keep up with Williamson or Franklin at all. I can’t speak for these markets

Wait. Do you actually own floating debt? That you actively manage?

@@EthanFlynn l wish…we only own floating debt funds. Thanks for doing interesting videos and not just on Saturdays. Just like you, this sure is taking a long time, but it’s finally starting to take shape. While I feel bad for the uninformed and less fortunate who will be blindsided by this, our economy is WAY overdue for a good cleansing.

I don’t know why people think Multifamily is immune. More of this coming until gov or fed bail outs.

It’s specifically apartment buildings he is referring to. It’s a completely different market than sfh.

Nashville is not doing fine. Majority of New Homes, Apartments & Condos are being purchased for “Short Term Rentals”.

Oh no! Really? I actually think those buildings are amazing? Tell me why? It it losing the small town Nashville character?

​@@EthanFlynn But-Ugly. And ubiquitous. If you really want Nashville to look like Shanghai, Tokyo, New Cairo, or Nairobi, fine, but not me. These glass cubes fit for the Borge can't fall fast enough. Unfortunately, it will take centuries to undo what these brutalists have done to bash original, beautiful, inspirational and humanistic architecture in the 1900s and early 2000s. Why preserve what can be crushed? Worse, they've left downtown and migrated into once beautiful Bellmead. Zarathustra has Spoken (an inspiration for 'modern thinking'), and soon humans will desire to be human again. Either that, or these 50+-story machines fit only for human-cogs will crush our collective spirit and modernity itself will follow the path of South Korea and slowly self-terminate. How's that for a summary?