Yes, it is just god awful in Phoenix. Boy, I would rather be in sub-zero temps, 3 ft of snow and shovel the driveway every day. Everyone please stay away! Next time you're here take a look at Paradise Valley, Carefree or NE Scottsdale.
Three years ago. I got pissed and walked away from the high prices in Florida. It's time to buy. MLS #: 206038314 7337 BRISTOL CIR Naples, FL 34119 Price: $349,900 Bedrooms: 4 Bathrooms: Full: 2 Half: 1
I dunno, the city of Phoenix has 1.5M residents (that's not even counting the entire metro area). So they obviously have a lot of jobs there to support a population that size.
I believe the Home ownership rate in the US is hovering around 70% . As far as the rest of the 30%, they'll never buy a house. The only ones left to buy these new houses are the illegal immigrants. But then Julio the taco flipper doesn't get paid more than $4.00 / hr and lives 20 individuals to a 1 bedroom apartment. If prices drop enough to where he can qualify to purchase with his $4.00/hr wager and then moves into the neighborhood with his "family", the prices of the other houses drops even more.
If anyone wants a real bargain, come to my area, the Atlanta area; plenty of nice cheap homes around in the suburbs of Atlanta and safe neighborhoods too... http://homes.realtor.com/search/lis...1904ec8&lid=1078329665&lsn=4&srcnt=789#Detail http://homes.realtor.com/search/lis...8&pg=6&lid=1070920213&lsn=56&srcnt=789#Detail http://homes.realtor.com/search/lis...pg=14&lid=1078477292&lsn=131&srcnt=789#Detail