Just curious. Have seen a number of national news stories about Colorado River water now be rationed for agricultural vs. commercial vs. residential purposes. Where do cities like Phoenix and Tucson get the majority of their residential water? Snow melt from White Mountains, aquifers, Colorado River or other?
Housing market
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Just curious. Have seen a number of national news stories about Colorado River water now be rationed for agricultural vs. commercial vs. residential purposes. Where do cities like Phoenix and Tucson get the majority of their residential water? Snow melt from White Mountains, aquifers, Colorado River or other?
Same story here in eastern Washington. The median sale price has gone up over 20% since last year (currently $465k). Last October we sold our 1150 sf 3 bedroom house for $450k in two days. Had competing offers escalating up to $512k. Ultimately the winning bidder offered $30k over the appraised value, which we assumed would come in low. The market is so competitive that real estate agents won't even waste their time unless their clients have cash to pay over the appraised value.
Also for someone in the trades (not knowing exactly what dedric does. Finisher? Mason?), you want to be looking out for where the work is and will continue to be. Phoenix makes sense. Booming, active construction econonmy, and you can work all year round. A lot like Las Vegas is (was?). Not like working in MSP or DSM where a lot of work will slow way down for 3-4 months in the winter.
Right here.
Central Arizona Project - Wikipedia
en.wikipedia.org
Crap. Doesn't sound like much has changed since when I lived in Phoenix in mid 80's. Any concerns that population might outgrow water sources?
Yes! That's why it's even more important than ever to protect the groundwater. That's probably the only alternative. I think it accounts for like 35-40% of the states water supply now.
If it's a lack of housing builds(which is what I have read), the government could offer builders some huge tax incentives to start building. Instead they'll waste their time on issues that don't effect 99 percent of us. Commodities will come down but we need more units, mainly for middle class where.margins are smaller.
Our next house will be a new generation house style.... storage containers?
Think of the bright side...you're not going to buy yourself into the bubble market.
I think beside materials, a big factor is labor shortage. The demand has increased, but the labor pool has not. The big push for many years has been to get a four year degree. I believe years ago it was predicted the trades would see a shortage if more didn’t start going into those areas.
The only problem with storage container homes is a lot of states won't even allow them. They are super cool though.
I am considering applying for this job in Salem, Oregon that is in a completely different industry. Doing Criminal Justice type work which is closer to what I went to school for.
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why would you want to live within a days drive of 7 national forests and the ocean and have the ability to legally purchase weed.
Des Moines at the top of the list? Things changing quickly?
www.millionacres.com
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Des Moines at the top of the list? Things changing quickly?
Investing in Real Estate: 6 Ways to Get Started | The Motley Fool
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This doesn't state if price slashes we're due to so many people getting greedy and cashing in on the market since Spring. It was like people thought their homes were made of gold with some of the prices being asked for. Example: house in my neighborhood sold for $298k. 3 bedroom (made 2 bedrooms on main floor a long single bedroom, 3 bath, and only a living room (basement family room in the house was made into a bedroom). The houses in my neighborhood have been selling in the $240k-$270k range. So people probably got greedy and as schools start back up people are slowing their searches or tired of bidding over asking.
Where I live the townhouses are selling still at middle of pandemic levels. Maybe lasting 30 days on the market at most.Des Moines at the top of the list? Things changing quickly?
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Investing in real estate is a great way to diversify your portfolio, but many don't know where to start. Learn about your options, how to invest, and the pros and cons.
