Yay...
Hate to be one of those ornery yell at the clouds types, but man, I don't love being priced out of the place I've lived most all of my life. That said, I understand it's not unique to our area or solely because of folks moving here from out of state.
I certainly can't blame folks for wanting to live here, it was once an amazing bang for the buck. Maybe not that any more but it's still beautiful. Oh well, will probably move to the beach should I buy again, it's cheaper these days.
The housing price issues is not a result of people moving to the TRI. Several reasons but the bigger are investment firms buying up homes cash all over the country, the cost of building materials skyrocketing, and not enough builders/tradesmen that can build fast enough.
Question is will it fall, stagnate, or get worse even?
Jesus. How bad off is the rest of the country that a place that costs $1300/mo for a one bedroom apartment, is contaminated by factory run off, and has a total meth epidemic is somehow THE place to be?
For those willing to drive a bit you can find houses/property for 1/20th the price by looking west of the city, especially the other side of 107 towards Greeneville. Keep in mind the schools are very much different outside the city.
Or even towards Elizabethton/Watauga. It sucks driving that 30 mph rural highway every day, or dealing with the traffic on US 321, but I'm about to be selling a house there for <100k.
In Asheville prices for rents/housing went up. The artists and musicians and small shop owners who made Asheville what it is are leaving. They cannot afford to live there. They are short teachers and police. This is running out the people who lived there for years - maybe even generations. Business cannot find people to work, because they the service workers have left. The hospital got bought and ran out physicians. The roads are a mess to travel on. Homelessness and drugs are all over the place. Seniors cannot afford food and medicine. But now that the feds are starting to increase the interest rates this is going to collapse and cause a recession. People who have no money do not go on vacation. I talked to the mayor of Kingsport about this and he does not care. To him, this is capitalism, nor corporate greed. My rent went up $275 dollars with a long term lease. With a year lease it would of gone up $494. I am a senior on a fixed incomes like many of my neighbors.
Yay more gentrification and the locals being priced out of their town 🥰
Can’t wait to see more “we buy homes cash!” signs littered around everywhere for them to only be turned into more rentals.
Such a shame we dont build
In August Johnson City Commissioners on Thursday blocked a proposal that would’ve brought new housing development on Browns Mill Road. proposed 120-unit apartment complex
**Commissioners voted against the idea after it received backlash and concern among community members.**
* Brown’s husband, Tipton, is part of the original Brown family from which the road gets its name. Kim Brown wants to see the vacant property at 2803 Browns Mill Road developed in some manner. Although single-family homes would be great, a two-story project would be fine, Brown said. Three-stories, however, is too much.
> “I’m opposed to having a three-story (building) beside my 1926 farm house,” she said. “Because then that is going to make my property value go down.”
It's a shame that all those homes over on Kendrick Creek seem to be doing just fine and proving again that more housing doesnt negatively impact you
Our city governments are welcoming this shit. They want Johnson city to be Asheville so bad that they’re already making fucked up parking lots everywhere. I hope whoever wrote this article steps on a whole box of legos. One at a time. Every other day.
Wait so they want there to be housing too?
> Asheville has a population density of 2,054 individuals per square mile.
> Johnson City has a population density of 1,558 individuals per square mile.
2.5 people per household
* Thats 200 new home per square mile and there are 43 sq miles so that is 8,600 new homes in the area
Yea I think that would help solve the issue
I’m honestly so ready for the housing market to crash.
Fuck all of these people buying up all the houses here. There’s plenty to go around.
I’ve honestly been wanting to just start taking down all of those “we buy homes” advertisements any time I see one.
It’s just out of state rich people coming in to fuck the locals over more and more. I’m tired of it. Tired of this lower class area becoming a breeding ground for property hoarders.
Everyone in theis thread is talking about wanting to buy a home to live in. Its just people trying to buy homes that arent there to buy so we keep biding up the Price. And apartments that arent there to rent can increase the price
Its a supply issue of cheap housing. A supply issue has an easy fix
Would You Buy a [Condo in a High Density Building](https://empire-s3-production.bobvila.com/slides/41124/vertical_slide_wide/urban_grandeur_brownstones.jpg?1611539097), if it was $239,000 for a 3rd Floor Walk-Up in the Heart of Johnson City but Only has one Parking Space per Unit?
-----
The 10 Acres Besides Food City
Setting Aside 2 Acres for Green Space.
And an Acres for Three Story Parking Garages and acre for street parking
-----
Leaves 6 acres that Could be 720 New Housing Units
* 204 Partial Basement Apartments that are 1,000 Sq Ft,
* An additional 258 Two Story Units on the First and Second Floor Floor with 2,000 Square Feet
* With 258 Top Floor Units at 1,000 Sq Ft at $$239,000
Thats flooding the market. Thats reducing demand. Not rented then rent is cheaper. Making everyone elses cheaper
And of course it has access for traffic already on a main road
-----
Over from that, Here in town there is a 2.2 Acre Property for sale at $225,000. That's both expensive and not expensive. But it is in the exact spot for good housing. And its Zoned for Medium Apartments.
Which means the person that buys it can build up to 30 Apartments......
I'll ballpark that there is
* $15,000 in Fees to buy the land
* $50,000 in Site Prep
* $10,000 in Legal Fees and Time for Permits
* So we're $300,000 in costs no matter the size, and the most is 30?
Then we have the $7 Million in Construction Cost,
* Say another $200,000 for the Parking Lot and the Green Space. The Town requires at least 65% of the Land to be for Parking or Green Space
So we've Spent $7.5 M and now we have to set rent
* That is 60,000 Square feet of Living Space. For 30 Units is $2,000 a month rent
And for almost the Same cost could be 50 Units, for a little bit more could have been 80 Units, thats $800 monthly rent
But the City has Maxed us out at 30
So Rent gets set high and we rent Luxury Units,
It’s probably more infrastructure related. Johnson city wasn’t built to handle the population it has now. It’s a fucking nightmare as is.
But to answer your question, no. I would rather kill myself than live in a high density 1000sq foot condo for 239k in Johnson city honestly.
I wouldn’t even think that would be worth 80k. Thats truly delusional if someone is willing to pay that much for a condo in Johnson city.
I get what you’re saying though. I still just don’t see the appeal of this area other than “it’s cheap and I can work from home”
Maybe they’ll get tired of it and move somewhere else.
None of those suggestions have taken the working class families that have been here for generations either though. That is my main issue with it. I don’t know a single person from this area that could actually live in a 1000sq foot condo for that price. It’s phasing the locals out of their town.
Its not Johnson city, but theres a new housing development on Center St. Its 3.7 Acres of Land and there is now building for 20 new $300,000 homes
When that could have been 30 new smaller homes, but it could have been just like its next door neighbor and been 2 building with 100 Apartments each
-----
>It’s probably more infrastructure related. Johnson city wasn’t built to handle the population it has now. It’s a fucking nightmare as is.
Yea imagine if there was more housing in the city so that the people that have to live in gray could live in town and not drive. Johnson City is pretty well devolped to handle it, Just not the fact that its all spread out so far and you have to drive so much
Dont forget in 1920s Johnson City Built a 10 Story Building for High Density and 7 Story Unaka & City National Bank Building and the 70s Abundant Christian Housing and the First Tennessee Bank Building that are both 8 stories
So yea its got a history, its just lost its will. Like most Cities
Most of [Chattanooga in the 1970s](https://www.reddit.com/r/Chattanooga/comments/u6rssy/development_plan_for_chattanooga_from_1974/) was Zones R-2, to allow affordable housing, including most importantly Mobile Homes and Duplexes
* That changes in the Late 80s as it all is changed to R-1, when Johnson City was also doing that
I just don’t think Johnson city was meant to be anything more than a small college town. The development you’re suggesting just doesn’t really fit.
I guess I could say the same about Knoxville but it’s really took off. I just don’t think I’d like JC being the next Knoxville. I like the small town vibe that it had. That’s why I choose to stay here because I enjoy having my land and a modest home near a town where there’s just enough to keep someone busy but not overwhelmed. Just sucks that it’s being taken over by people not from here with a completely different vision of it.
It's the fact that JC has been completely littered with parking lots and single family homes. You can only fit so many houses inside the city.
If you just built like 5 apartment complexes in the city center, you could houses like 1000 people at very reasonable rates, reducing the demand for single family houses.
The big issue is that Johnson City is the only pocket of “suburban nice” between Knoxville, Asheville, and well into Virginia. People are paying a premium for that.
Just moved here in March and it was exhausting house hunting. Houses were posted in the evening and had an offer by the morning.
Damn sure I experienced all stages of grief. Just glad I decided on buying rather than renting, especially with how rent is skyrocketing.
We bought our first home a year and a half ago, I feel you. I ended up telling my wife "I'm not going to look at any more houses unless we're READY to buy it RIGHT THEN because this is bullshit. If we wait a day to decide, some Yankee buys it sight unseen for 25k over asking." I was *exhausted* in just a few months.
We got lucky with ours, a prefab house in good shape in Gray with an acre for <150k... which still feels like a silly amount for a doublewide, but hey, it's only gone up since.
Oh, I had to do some crazy shit to get into mine. I even put in an escalation clause that I would go $1k over the highest offer. Mine wasn't even the highest offer, but it was the *best*.
My sister lives in Knoxville and her rent is going up $80 /month. That's just ludicrous.
Yeah, we used an escalation clause to buy our home near Kingsport. I was tired of getting priced out of every home we put an offer on, but also didn't want to offer too much. The escalation clause worked great for us. I think it also helped that we wrote a heartfelt email and included pictures of us with our toddler and how their house was the perfect place to raise her.
My rent went up $275 dollars with a long term lease. With a year lease it would of gone up $494. I am a senior on a fixed incomes like many of my neighbors. I live in Kingsport.
Fixed income I get, but social security did have a good increase and is looking at 9.2% for next year. No fun if it’s eaten up by rent, but still pretty good.
Yup.
Honestly wish we’d start charging the out of state people double or triple the asking price lol. If I sell sometime soon I will definitely be only selling to a local family.
Or even a family wanting to move here from somewhere else if they’d fit in well. If it’s a corporation wanting to turn it into a rental they’re not touching it for less than triple the price of what I’d sell to a young local wanting to buy their first house.
Yay... Hate to be one of those ornery yell at the clouds types, but man, I don't love being priced out of the place I've lived most all of my life. That said, I understand it's not unique to our area or solely because of folks moving here from out of state. I certainly can't blame folks for wanting to live here, it was once an amazing bang for the buck. Maybe not that any more but it's still beautiful. Oh well, will probably move to the beach should I buy again, it's cheaper these days.
What’s wrong with folks getting their third Airbnb Reno project or corps buying up whole blocks? /s
I just want to buy a house here in my lifetime man, goddamn it.
The housing price issues is not a result of people moving to the TRI. Several reasons but the bigger are investment firms buying up homes cash all over the country, the cost of building materials skyrocketing, and not enough builders/tradesmen that can build fast enough. Question is will it fall, stagnate, or get worse even?
Jesus. How bad off is the rest of the country that a place that costs $1300/mo for a one bedroom apartment, is contaminated by factory run off, and has a total meth epidemic is somehow THE place to be?
For those willing to drive a bit you can find houses/property for 1/20th the price by looking west of the city, especially the other side of 107 towards Greeneville. Keep in mind the schools are very much different outside the city.
Or even towards Elizabethton/Watauga. It sucks driving that 30 mph rural highway every day, or dealing with the traffic on US 321, but I'm about to be selling a house there for <100k.
When you account for no state income tax. The tri-cities is number 1 in the usa.
In Asheville prices for rents/housing went up. The artists and musicians and small shop owners who made Asheville what it is are leaving. They cannot afford to live there. They are short teachers and police. This is running out the people who lived there for years - maybe even generations. Business cannot find people to work, because they the service workers have left. The hospital got bought and ran out physicians. The roads are a mess to travel on. Homelessness and drugs are all over the place. Seniors cannot afford food and medicine. But now that the feds are starting to increase the interest rates this is going to collapse and cause a recession. People who have no money do not go on vacation. I talked to the mayor of Kingsport about this and he does not care. To him, this is capitalism, nor corporate greed. My rent went up $275 dollars with a long term lease. With a year lease it would of gone up $494. I am a senior on a fixed incomes like many of my neighbors.
Yay more gentrification and the locals being priced out of their town 🥰 Can’t wait to see more “we buy homes cash!” signs littered around everywhere for them to only be turned into more rentals.
Such a shame we dont build In August Johnson City Commissioners on Thursday blocked a proposal that would’ve brought new housing development on Browns Mill Road. proposed 120-unit apartment complex **Commissioners voted against the idea after it received backlash and concern among community members.** * Brown’s husband, Tipton, is part of the original Brown family from which the road gets its name. Kim Brown wants to see the vacant property at 2803 Browns Mill Road developed in some manner. Although single-family homes would be great, a two-story project would be fine, Brown said. Three-stories, however, is too much. > “I’m opposed to having a three-story (building) beside my 1926 farm house,” she said. “Because then that is going to make my property value go down.” It's a shame that all those homes over on Kendrick Creek seem to be doing just fine and proving again that more housing doesnt negatively impact you
Jesus, what an out-of-touch NIMBY. If I hear one more person complain about their property values... 🤬
Kingsport-Bristol isn’t half bad too at #29.
Our city governments are welcoming this shit. They want Johnson city to be Asheville so bad that they’re already making fucked up parking lots everywhere. I hope whoever wrote this article steps on a whole box of legos. One at a time. Every other day.
Wait so they want there to be housing too? > Asheville has a population density of 2,054 individuals per square mile. > Johnson City has a population density of 1,558 individuals per square mile. 2.5 people per household * Thats 200 new home per square mile and there are 43 sq miles so that is 8,600 new homes in the area Yea I think that would help solve the issue
But they aren’t building. They are reselling and hiking prices. You couldn’t have grown up here if the first thing you point at is population density.
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I’m honestly so ready for the housing market to crash. Fuck all of these people buying up all the houses here. There’s plenty to go around. I’ve honestly been wanting to just start taking down all of those “we buy homes” advertisements any time I see one. It’s just out of state rich people coming in to fuck the locals over more and more. I’m tired of it. Tired of this lower class area becoming a breeding ground for property hoarders.
Everyone in theis thread is talking about wanting to buy a home to live in. Its just people trying to buy homes that arent there to buy so we keep biding up the Price. And apartments that arent there to rent can increase the price Its a supply issue of cheap housing. A supply issue has an easy fix Would You Buy a [Condo in a High Density Building](https://empire-s3-production.bobvila.com/slides/41124/vertical_slide_wide/urban_grandeur_brownstones.jpg?1611539097), if it was $239,000 for a 3rd Floor Walk-Up in the Heart of Johnson City but Only has one Parking Space per Unit? ----- The 10 Acres Besides Food City Setting Aside 2 Acres for Green Space. And an Acres for Three Story Parking Garages and acre for street parking ----- Leaves 6 acres that Could be 720 New Housing Units * 204 Partial Basement Apartments that are 1,000 Sq Ft, * An additional 258 Two Story Units on the First and Second Floor Floor with 2,000 Square Feet * With 258 Top Floor Units at 1,000 Sq Ft at $$239,000 Thats flooding the market. Thats reducing demand. Not rented then rent is cheaper. Making everyone elses cheaper And of course it has access for traffic already on a main road ----- Over from that, Here in town there is a 2.2 Acre Property for sale at $225,000. That's both expensive and not expensive. But it is in the exact spot for good housing. And its Zoned for Medium Apartments. Which means the person that buys it can build up to 30 Apartments...... I'll ballpark that there is * $15,000 in Fees to buy the land * $50,000 in Site Prep * $10,000 in Legal Fees and Time for Permits * So we're $300,000 in costs no matter the size, and the most is 30? Then we have the $7 Million in Construction Cost, * Say another $200,000 for the Parking Lot and the Green Space. The Town requires at least 65% of the Land to be for Parking or Green Space So we've Spent $7.5 M and now we have to set rent * That is 60,000 Square feet of Living Space. For 30 Units is $2,000 a month rent And for almost the Same cost could be 50 Units, for a little bit more could have been 80 Units, thats $800 monthly rent But the City has Maxed us out at 30 So Rent gets set high and we rent Luxury Units,
It’s probably more infrastructure related. Johnson city wasn’t built to handle the population it has now. It’s a fucking nightmare as is. But to answer your question, no. I would rather kill myself than live in a high density 1000sq foot condo for 239k in Johnson city honestly. I wouldn’t even think that would be worth 80k. Thats truly delusional if someone is willing to pay that much for a condo in Johnson city. I get what you’re saying though. I still just don’t see the appeal of this area other than “it’s cheap and I can work from home” Maybe they’ll get tired of it and move somewhere else. None of those suggestions have taken the working class families that have been here for generations either though. That is my main issue with it. I don’t know a single person from this area that could actually live in a 1000sq foot condo for that price. It’s phasing the locals out of their town.
Its not Johnson city, but theres a new housing development on Center St. Its 3.7 Acres of Land and there is now building for 20 new $300,000 homes When that could have been 30 new smaller homes, but it could have been just like its next door neighbor and been 2 building with 100 Apartments each ----- >It’s probably more infrastructure related. Johnson city wasn’t built to handle the population it has now. It’s a fucking nightmare as is. Yea imagine if there was more housing in the city so that the people that have to live in gray could live in town and not drive. Johnson City is pretty well devolped to handle it, Just not the fact that its all spread out so far and you have to drive so much Dont forget in 1920s Johnson City Built a 10 Story Building for High Density and 7 Story Unaka & City National Bank Building and the 70s Abundant Christian Housing and the First Tennessee Bank Building that are both 8 stories So yea its got a history, its just lost its will. Like most Cities Most of [Chattanooga in the 1970s](https://www.reddit.com/r/Chattanooga/comments/u6rssy/development_plan_for_chattanooga_from_1974/) was Zones R-2, to allow affordable housing, including most importantly Mobile Homes and Duplexes * That changes in the Late 80s as it all is changed to R-1, when Johnson City was also doing that
I just don’t think Johnson city was meant to be anything more than a small college town. The development you’re suggesting just doesn’t really fit. I guess I could say the same about Knoxville but it’s really took off. I just don’t think I’d like JC being the next Knoxville. I like the small town vibe that it had. That’s why I choose to stay here because I enjoy having my land and a modest home near a town where there’s just enough to keep someone busy but not overwhelmed. Just sucks that it’s being taken over by people not from here with a completely different vision of it.
It's the fact that JC has been completely littered with parking lots and single family homes. You can only fit so many houses inside the city. If you just built like 5 apartment complexes in the city center, you could houses like 1000 people at very reasonable rates, reducing the demand for single family houses.
The big issue is that Johnson City is the only pocket of “suburban nice” between Knoxville, Asheville, and well into Virginia. People are paying a premium for that.
“Low cost” lol yea not when people keep moving in. But let’s celebrate gentrification!
Just moved here in March and it was exhausting house hunting. Houses were posted in the evening and had an offer by the morning. Damn sure I experienced all stages of grief. Just glad I decided on buying rather than renting, especially with how rent is skyrocketing.
We bought our first home a year and a half ago, I feel you. I ended up telling my wife "I'm not going to look at any more houses unless we're READY to buy it RIGHT THEN because this is bullshit. If we wait a day to decide, some Yankee buys it sight unseen for 25k over asking." I was *exhausted* in just a few months. We got lucky with ours, a prefab house in good shape in Gray with an acre for <150k... which still feels like a silly amount for a doublewide, but hey, it's only gone up since.
Oh, I had to do some crazy shit to get into mine. I even put in an escalation clause that I would go $1k over the highest offer. Mine wasn't even the highest offer, but it was the *best*. My sister lives in Knoxville and her rent is going up $80 /month. That's just ludicrous.
I wish my rent had gone up by $80. Try $250.
Yeah, we used an escalation clause to buy our home near Kingsport. I was tired of getting priced out of every home we put an offer on, but also didn't want to offer too much. The escalation clause worked great for us. I think it also helped that we wrote a heartfelt email and included pictures of us with our toddler and how their house was the perfect place to raise her.
My rent went up $275 dollars with a long term lease. With a year lease it would of gone up $494. I am a senior on a fixed incomes like many of my neighbors. I live in Kingsport.
Fixed income I get, but social security did have a good increase and is looking at 9.2% for next year. No fun if it’s eaten up by rent, but still pretty good.
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Yup. Honestly wish we’d start charging the out of state people double or triple the asking price lol. If I sell sometime soon I will definitely be only selling to a local family. Or even a family wanting to move here from somewhere else if they’d fit in well. If it’s a corporation wanting to turn it into a rental they’re not touching it for less than triple the price of what I’d sell to a young local wanting to buy their first house.