Know something about Knoxville?

[H10]

Originally Posted by goodbyehollywood

Hey H10—

I think you have excellent insight!

There IS a disconnect between income and property values in Sequoyah Hills, but what the data doesn't disclose is that many people who live on the water are living in inherited homes-- homes their grandparents or great-grandparents paid less than $100K for many decades ago. Fortune has beamed upon them, because they have no mortgage (unless, of course, they’ve collateralized it). As a rule, Knoxville doesn't generate the level of income to purchase these kinds of properties without serious family money or equity carpetbagged from elsewhere. Does it? Of course, if I were gifted a home in Sequoyah Hills or Belle Meade, I would be happy to accept either one! They're both lovely areas.

That certainly makes sense.

Originally Posted by goodbyehollywood

Wow, that Forbes report sure doesn’t jive with my experience. If Knoxville has a fast-growing job market for professional labor, I’ve seen few signs of it. Knoxville has less industry than any other Southern mid-size city. Charlotte, Raleigh, Little Rock, even Austin, have left Knoxville in the dust. Skilled trades pay very respectfully, but college grads looking for a career in business will have a tough time of it here. That's why so many leave, when they might otherwise stay. I see little improvement in this arena, but I could be wrong. JMT is the guru here. JMT?

I really think it's all about percentages. Given Charlotte's combined stats area being almost a 2.3 million pop, and Knox's at slightly over a million, that would mean that Charlotte could add 200,000 jobs and Knox could add 100,000 jobs, and Knox's growth would still be ranked significantly higher.

Raleigh's actually ranked #1 in growth!

[gnatty8]

Originally Posted by H10

Knoxville is a large and diverse city, over 10% bigger than Boston.

You cannot be serious. Boston is far larger than Knoxville, with a metro area population of around 4.5 million. Knoxville has about 600,000 (metro area, not city, since the city of Knoxville is about 175,000) tops.

[weisgarber1]

Originally Posted by gnatty8

You cannot be serious. Boston is far larger than Knoxville, with a metro area population of around 4.5 million. Knoxville has about 600,000 (metro area, not city, since the city of Knoxville is about 175,000) tops.

Actually the Knoxville metro really includes the eight counties surrounding Knox County (despite Commerce Dept's incorrect MSA designation of lesser number of counties), with a population, next census, of around 1,000,000, based on growth figures last census. The poster probably meant larger in total number of square miles of land area. On that he is correct I believe. Boston has about 50 square miles and Knoxville has slightly over 100 square miles, if I am not mistaken.