Sunday, December 04, 2016 / by Barry Owen
In fact, Nashville's "IT City" status has given rise to an unbelievable influx of people (guestimate is in the 100 people per day range), and all these people gotta live SOMEWHERE, right?
THE fundamental truth in real estate is: "We cannot make more dirt!", thus the adage that the 3 most important factors to consider when buying a house are:
The developers and builders are hard at the task of building residences (Apartments, Condominiums, Single family houses, and commercial office and retail space to serving this burgeoning population. Their goal is to build as much as the governmental and neighborhood authorities will allow. The ultimate quest is increase the density.
How many residences can we fit per acre of land?
As we "run out dirt" in the popular areas thereby approaching maximum density, prices rise.
When there are more Buyers ...