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Is Cordova, TN going to be the next Hickory Hill and if so, how can we prevent this?

It seems like people are panicing and moving out of Cordova.  We live in a really nice neighborhood in Cordova and have a lot invested in our home.  We don;t want to move as we love our house and neighborhood but rumors are that the area is going down and property values are decreasing 10% a year.  What can we do to prevent this???
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June 01 2010 - Memphis
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Answers (4)

Profile picture for Todd Harris
Neighborhoods hold value because of the people who live there and public sentiment. Unfortunately, public sentiment normally out weights the character of the residents.

I suggest Cordova residents use the skills theyuse at work at home. What do you mean?

Well, public sentiment is shaped by information and lack of information. The best way to keep Cordova strong and viable is to keep public sentiment on your side, Keep the media spinning positive stories about Cordova and its residents.

The neighbors who spin for pay at FedEx, IP, Shelby County and Memphs City Government can do the same for the newly formed Cordova Home Owners, Business Owners, Landlords Association. Use of your skills to make a paycheck can also be used to protect your family and their way of life.

I suggest the formation of a Neighborhood Association but on a mass scale....an oversight board of sort that retains the services of PR, Legal, etc.

By doing this, you all but ensure that things will remain the same in your area.
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July 17 2011
This is all started because of the annexation of  Cordova.  Most people remember that the annexation of Hickory Hill resulted in a flight of people moving to the suburbs to get away from taxes.  Unfortunately, when Cordova was being annexed all people remember is Hickory Hills situation.  I actually like to think of Cordova as the EAST East Memphis.  People are still very much wanting to live in East Memphis and they pay the taxes for it.  Well, Cordova is just a little further East and has many wonderful houses and businesses.  I still move many fabulous people to the area.  If we keep moving great people there, it will continue to be a great place to live.  The problem starts when agents stop taking clients to the area because of the same sentiment that you stated. 
Take pride in ownership, get with your neighbors and make sure to keep the neighborhood looking nice and desirable.

It really is a very convenient location and you have a great resource of Shelby Farms right at your back door! 
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April 12 2011
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Don't know how it is in your area, but the thing I have been taught to be aware of is an increase in rentals -v- owner-occupied.
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June 03 2010
A lot of this is fueled by racism.  Cordova is a GREAT place to live.  Unfortunately, in Memphis, property values get affected by this FRT#^%## sentiment.  I understand this sentiment is not your way of thinking.
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June 02 2010
 
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