Not me, and that's why the moving truck shows up tomorrow. We're taking your advice and getting out of here. Real estate is bananas.
Housing market
- Thread starter simply1
- Start date
It's depressing is what it is. Last December I was looking at homes in A.J. for 200-225. Those are up over 300 now easy. I could buy a home in Palm Springs cheaper than that and make 1.5x what I'm making now.
Everyone complaining about the crisis, where are you planning to move that is any better with the same quality of life?
I feel that. Should have bought earlier but I'm not that smart... ugh
A place with higher wages for blue collar workers. I'm a skilled laborer and I can make 15$ more an hour in Vegas and its cheaper to live there. The problem in Phoenix is that if you are a blue collar worker you can't afford to buy or rent there anymore. I can do it I just won't have any extra money. The bang for your buck in Arizona is bad. Alabama-like wages and Colorado-like housing costs. No union presence in the state whatsoever. I made $3/hr more in DM. It's bad. If you are a tech worker who makes 6 figures it's probably not as bad. I can make more per hour in KC and still buy a house there for under 200k.
I had someone do some basic wood finishing work on my house this weekend (socal) at the agreed upon price, only to complain to me afterward they only made $100 after they paid for supplies and $100 an hour wasn't worth coming out. Not worth it to make $400 profit in four hours.
That's not even close to being the norm. A street maintenance worker in Phoenix may make 20/hr. They make more than that in DM. That's not the industry I'm in but that is kind of the story. You look at individual trades and union scale in even Iowa blows AZ out of the water. I can make $2/hr more in Albuquerque than I do in PHX.
I'm always surprised there isn't more population boom in Northern Arizona. Maybe there is and I don't know about it.
I think it costs even more to live in Flagstaff. Tucson used to be a little more affordable but I think that's even changing.
I think Flagstaff is like a Arizona rich person get away. Additionally, its a tourist destination for outdoor type stuff.
My wife's family owns a ranch in northern Arizona, and the impression I get is that its more agriculture based type of economy. Maybe mining and stuff like that too, but nothing really corporate.
I'm taking a serious look at the Savannah, GA/Hilton Head area. Surprisingly you can still get homes there for under 200k.
I won't speak for dedric, but when we moved to Phoenix cost of living was pretty comparable to the midwest. That's no longer the case and it's quite a margin different now. Also, not everyone has the ability to just pick up and move on a whim. Moving long distance isn't cheap either.
Bought our house in Ankeny in 2015 for $200K on the button. Similar houses in the neighborhood now selling for $285 - $325K.
Feel like if we sold today, we couldn't afford to live here, the rate of increase far outpacing our earnings increase ability. So kind of "Stuck" in this house forever it feels like (or move out of the DSM area - at least the suburbs)
Feel like if we sold today, we couldn't afford to live here, the rate of increase far outpacing our earnings increase ability. So kind of "Stuck" in this house forever it feels like (or move out of the DSM area - at least the suburbs)
I knew it was going to be more expensive to live in AZ than DM but it was worth it to me to live in a warmer climate. I do love Arizona but I wasn't prepared for homes values to increase 50% in 6 months.
Hope you REALLY like warmer climates. With the way things are going.... summers in AZ will probably be 130 degrees before long.
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