Metro's 2026 housing plan is asking us not to believe our lying eyes.
To answer your question, @ChrisNallsTV: Yes, longtime residents are being priced out.
Watching city officials suddenly admit the devastating impact this economy has on fixed-income and vulnerable locals isn't a breakthrough in empathy; it’s a hypocritical, calculated move to shift the blame for their own policy failures.
Our leaders have endless time to roll out the red carpet for Oracle and Starbucks, but zero time to shield locals from the fallout. They are on fire to make life cheaper for the top 30%, while completely abandoning the remaining 70% of the everyday tax-burdened workforce who actually make this city run.
They bait the public with buzzwords like 'Missing Middle' housing. But this ain't new, it's just a deeply polished 2.0 rebrand of Nashville's 2010/2015 'Missing Middle' 1.0. They know most folks won't read the fine print or realize that the past fifteen years, specifically the 2015 update to the Metro Zoning Code, were just our first dose of this inflation steroid. Yet Metro expects us to believe that pushing out a rebranded 10-year initiative wrapped in an artificial sweetener will fix it? It’s like prescribing more sugar for a case of diabetes.
We are expected to believe that offloading the high costs of overdevelopment onto taxpayers, while pushing our crumbling infrastructure to the breaking point, is somehow the answer.
They want us to accept the absurd premise that an architectural trick can cure an economic crisis, as if rezoning will magically fix wages failing to keep pace with inflation.
And the Council’s own H&I Study exposes the reality: their solutions primarily serve renters at 100% of the Area Median Income (the top 26% of earners) and buyers at a whopping 200% (the top 14% of earners) for a family of four - well beyond the $470K median home price you noted.
Isn't deceiving the public with false promises of affordability (cheaper for the luxury class) worse than actively neglecting the vulnerable?
Looking to experience Nashville like the locals do? We've got all the recommendations and ideas so you can be an undercover tourist! 😉 ⬇️
https://t.co/nEjxDiOmoC
The Average First-time Home Buyer
-33 years old
-Household income of $86,500
-Median $252,000 home purchase price
-7% down payment
-Buys a home with an average square footage of 1,640 square feet
-37% carry student debt, with a typical balance of $30,000
https://t.co/01YMJaPnVq