Housing Crisis in Nashville due to Influx of Out-of-State Buyers

SOURCE www.dailymail.co.uk
Nashville residents are struggling to afford homes due to rising real estate prices driven by out-of-state buyers, leading to a 77% increase in chronic homelessness. The city's population boom and influx of companies have further exacerbated the housing crisis.

Key Points

  • 77% increase in chronic homelessness in Nashville
  • Rising cost of living driven by population boom and out-of-state buyers
  • Lack of affordable housing options exacerbating the issue

Pros

  • Increased awareness of the housing crisis in Nashville
  • Efforts by organizations and the Metro Council to address homelessness

Cons

  • Rising real estate prices are pricing out locals
  • Sharp increase in chronic homelessness rates