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Kingsport - Johnson City - Bristol The Tri-Cities area
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Old 12-08-2022, 07:40 PM
 
Location: Knoxville, TN
11,411 posts, read 5,960,793 times
Reputation: 22365

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Quote:
Originally Posted by Serious Conversation View Post
You could look at this either way.

Property prices have rocketed up, but wages, unless you're talking about folks at the bottom of the ladder, like fast food and retail workers, have been mostly stagnant.

My property has gone up ~50% in value at nearly 3% higher interest rate than when I bought it in late 2019. My wages have gone up about 10% as a white collar professional.

This isn't sustainable. It's not like this area is getting tons of out of area moneyed interest, or that there has been a bettering of the local economy to justify higher prices.
If prices went up and money is not moving in, then prices will have to come down. Money seems to be moving into Johnson City.
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Old 12-10-2022, 02:52 PM
 
Location: San Antonio
4 posts, read 3,643 times
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Quote:
Originally Posted by NHFL View Post
Thank you for this info. I'm just catching up with these posts. What do you mean by better weather? We're considering a move to JC in about a year or more...I know...a bit premature...but I'm a bit disorganized and need to think of things long before a move. WE have only moved twice and once was out of a camper! LOL.

a major reason is from FL and the humidity...long spells...does JC get that same lengthy humidity? What area would you point to investigate further? We like quiet at night, no HOAs, near medical and groceries within 10 min or so, but quiet. I know, the wishlist of everyone! LOL our budget will be about 300k depending on selling in a year or so. We love mountains coming from NH and this will be our final move. We are planning a visit this winter sometime but not sure yet. I guess this is a bit premature but as I said, I need lots to investigate first! Thank you for your time!
We're about on par with you NHFL. I have such a wish list! I've been lurking here for awhile reading about what the local experts say about E. TN. . Yes, unfortunately covid ruined many things. We have about 2 years to go before we move too, so hoping things better with housing market.

We're coming up from San Antonio TX in March 2023 for a week visit. Also looking into JC area. We're in our early 50s and will have a son that will be going to college. Possibly community college for 2 years then perhaps transfer to UT Knoxville. Either way, he can stay on campus, so not worried about being so close to a college. Also, assuming that my husband can still work from home at this point.

It's always hard to really know what the place will be like after you settle down. We're outside of San Antonio and have been here for 8 years. We moved here because it had good schools, and it seemed like a really decent town, but it's experienced such growth, but not smart growth unfortunately, and now we can't wait to leave. Traffic is bad. Texas isn't very good with getting their roads done. This may be everywhere, Idk.

And the allergies here, ugh! I've heard this also with TN, so I'm a bit nervous because when I lived in the north, allergies only affected me 2x per year, and was bearable. But SA is all year round and it's making me miserable. It's also too darn hot. I need my seasons.

I just want a bit of property where I don't see my neighbor much, at least as long as there is tree growth for privacy. Not that I don't like people, but we're currently in an HOA development where we're super close to each other. We thought about buying some land and getting a modular, but have been hearing horror stories and we've never done that.

We'll just be coming to visit different time of the year over the next couple of years to do some research. And also I like coming here to see how thing are going.
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Old 12-10-2022, 03:28 PM
 
Location: TN/NC
35,057 posts, read 31,258,424 times
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Quote:
Originally Posted by Igor Blevin View Post
If prices went up and money is not moving in, then prices will have to come down. Money seems to be moving into Johnson City.
Johnson City probably is because it’s the only pocket of “suburban nice” between Roanoke, Asheville, and Knoxville. Asheville appeals to a different demographic, Roanoke is even more isolated and not as nice. If you’re ok with the limitations (some lack of higher end retail, lack of good healthcare, some driving for higher end anything, small regional airport), it has a lot of appeal. Bristol has certainly improved, but is just much smaller.

There’s nothing in the Tri-Cities that isn’t available closer to Knoxville, and you can also have the access to bigger city amenities as needed.
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