Not wrong about all of that. In live near Bowden where they have all the for rent only neighborhoods and it's driving prices in this area through the roof. Jax has had the 2nd highest rent/mortgage increase in the country. Houses that normally are 200k are selling for 415k it's insane.
Jax is a high-demand city right now and unfortunately we just aren’t building enough new housing in the right places currently. Hopefully the supply and demand balances out before too long.
Personally, I love Jax. But if I were renting and facing some of the crazy rent increases, I would be asking questions about do I want to live here. Thankfully I already own a home here.
You both nailed it. A lack of new housing development and fast growth are driving up prices. I'm glad we bought about 6 years ago. We got hosed when we bought in GA prior to the great recession. We bought near the high and we're underwater for a long time. Thought renting it out was the answer, but renters did so much damage. Will never be a landlord again. I'll burn the house to the ground before I do that again.
904, I'm a bad influence, Matt is already coming out to the next autocross. Let me know if you want to come out and I'll help you out.