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Phoenix Leads the Way Down in Home Prices

Discussion in 'Economics and Financials' started by joeydolfan, Apr 29, 2009.

  1. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    Ft. Worth

    http://www.nytimes.com/2009/04/29/business/economy/29econ.html


    What a devastating loss to those who bought a home in Phoenix right near the peak......
     
  2. DOLBET

    DOLBET Season Ticket Holder Club Member

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    But what a market for buyers!!! My wife and I bought a brand new house which is roughly 2,600 sq ft for only 130 grand.
     
  3. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    Damn! What part of the country was that? And was it in foreclosure or something?
     
  4. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    One mans trash is another mans treasure....... :up:
     
  5. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    Yeah, screw you all!!!

    And does anybody wanna buy a nice house in Tucson....I promise the price is right.... :pity:
     
  6. DOLBET

    DOLBET Season Ticket Holder Club Member

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    The house was not in foreclosure. The house is in Coolidge area in new development.
     
  7. DOLBET

    DOLBET Season Ticket Holder Club Member

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    there is lot of good deals in Phoenix area if you are willing to look. The houses around here at 1,200 sq ft are selling for around 70 to 80 grand and all the house are brand new. There is a development in Casa Grande that are selling houses around 1,300 sq ft for 95 to 105k and all houses comes with swimming pool so that is nice.
     
  8. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    Problem with that is you have to live in Coolidge or Casa Grande.... :pity:

    Both of which are pretty much directly in the middle of nowhere, with no revenue aside from growing tumbleweed gardens
     
  9. DOLBET

    DOLBET Season Ticket Holder Club Member

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    :lol:

    Both developments I mentioned are about 2 to 5 mins from I-10 and it is about 35 to 40 mins drive to Phoenix so it is not that bad.

    I work in my home so it is wonderful for me.
     
  10. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    Trust me, I know both areas pretty well, and in fact have several friends in Casa Grande.

    I guess I do have to agree. Either locale is exponentially better than living in Phoenix

    BTW: Are you considering rush hour in that time estimate? HUGE difference depending on what time of day you are driving it :up:
     

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