Knoxknows

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Have a question about the downtown Knoxville real estate climate

Asked Thu Jul 10 2008, 20:15 by Knoxtx - Downtown Knoxville - Market Conditions - 7 answers

Knoxknows answered:

Don't pay attention to the realtors who have responded - they are obviously biased, they have to make a living! Just use your common sense - do you think paying 1/2 a million dollars for a 1400 sq ft. condo in Knoxville is sustainable? Does the avg/median family income support these prices? This is a temporary trend created by the novelty and the temporary lower supply relative to demand. But this will correct over the long term... by then the developers may have already benefited from the foolishness of the buyers who will be in tears! - Sat Aug 2 2008, 18:12

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