There are so many homes for sale right now in Queen Creek, Arizona.. I don't live there but I do have a home in San Tan Heights currently being rented out. What do you think about this? Do you think it's a big time bubble ready to burst?
2006-06-12 08:07:56 · 5 answers · asked by just me000 4 in Business & Finance ➔ Renting & Real Estate
I don't think the bubble's bursting, per se...not yet.
I think property values have gone up enough that people who have been there for awhile are ready to cash out.
2006-06-12 08:11:23 · answer #1 · answered by Scotty Doesnt Know 7 · 0⤊ 0⤋
I don't know where that's at, but I do believe the bubble is ready to burst. I'm basically witnessing the same thing here in Peoria, IL. Lots of new housing going up for extraordinary prices, and many older homes are up for sale. But no one is really buying. What I find troubling is that many of the new housing that was put up and bought just several years ago is now on the selling block.
It seems so many people are buying homes they cannot afford to even furnish and maintain. Additionally, in our area, where are all the high-paying jobs coming from that will be able to occupy all these new homes and subdivisions? I feel many developers are taking a HUGE risk based upon what may happen in the future with our area's proposed bio-tech district that may not even come to fruition. I think many of the new developments will go belly up. That ripple effect on our local economy will be immense.
2006-06-12 08:22:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
YES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
I lived in Chandler Arizona just 3 miles north of Queen Creek and the houses are affordable and very nice. the area is booming. CAN YOU SPELL CASH COW? Well, now you can. Great move! Good luck!
2006-06-12 08:17:28 · answer #3 · answered by tempeaz5150 1 · 0⤊ 0⤋
i think living in a bubble is cool
2006-06-12 08:09:55 · answer #4 · answered by NinjaRacer 3 · 0⤊ 0⤋
yes
2006-06-12 08:10:17 · answer #5 · answered by sassylady1262 3 · 0⤊ 0⤋