Quote:
Originally Posted by OrdoSeclorum
From 2010 to 2019 Chicago proper gained 50,000 people and metro Nashville about 65,000.
I believe the sprawl outside of Chicago lost residents over that period and the sprawl outside Nashville is responsible for most of the area's growth. It certainly tracks that people whose main priority is to avoid paying taxes and fees would move someplace without sidewalks. |
I'm going to repeat what I said earlier.... Don't just assume the grass is greener on the other side. I feel like a lot of people in Chicago are still stuck in this 2010 attitude that it's way more expensive compared to these "hot" cities, even after taxes. What's happened over the last five years is for many of these cities (Denver, Austin, etc), their real estate has gone through the roof. Yes, taxes are much lower, but at some point, you have to look at what you get for $400/$500/$600k and say - Nope. When I was still in Denver, I had thought about maybe getting a second place there, but prices just blew past my range I could afford for what I wanted.
If the city/state can offer some stability on the tax front (as TUP stated), I could see the tide turning back towards gains here in the next decade. These cities just can't keep going up forever without some sort of tipping point for folks.