I've heard good things about AZ for long-term investments. Have you?
2006-08-20 18:35:54 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
it is good to buy now, the prices are already getting higher...it is a lot higher then it used to be a couple years ago..AZ is definitely the next boom place...unfortunately...it is sad to watch such a beautiful state become like CA..the third place will be nevada...given the fact that there is no state tax makes nevada even more popular....if i were you i would move to colorado
2006-08-20 18:42:03 · answer #1 · answered by AslanMusic 3 · 1⤊ 0⤋
Keep an eye on NW Florida - You can still buy a single family home within a block or 2 of the beach, 3/2 baths 1,500 square w/ pool etc. for under 350K in Panama City Beach. Tons of Residential & Commercial construction is going on. A new airport is in the works and the entire city is going through a face-lift. Some of the most beautiful beaches in the US doesn't hurt either. Stay away from the condos unless you want to hold on to it for a while. High rises are popping up left and right and the market will be flooded with condos for a few more years.
Also watch St. Joe Beach - Mexico Beach areas to start jumping again. These areas are more expensive than Panama City Beach, but you can still get a good deal here and there. Great beaches with very few people on them. This will be a huge retirement area for the wealthy in a few years.
2006-08-21 10:17:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Historically all real estate investments have been good long-term. For that matter, any good investment strategy has worked long-term in this country. Now, that doesn't necessarily hold true from here until eternity, but it does give you a basic idea.
If you plan on owning a home for 7 years or more, I've heard that there's never been a period in American history where you wouldn't have made a profit (on average).
2006-08-20 18:43:55 · answer #3 · answered by utopiafourteen 2 · 0⤊ 0⤋
The next boom??? Obviously you haven't been here. This place is growing like crazy. I was born in Arizona and I now own a house in a place that used to be considered the middle of the desert. Land in Arizona isn't cheap anymore.
2006-08-20 18:40:06 · answer #4 · answered by tsopolly 6 · 1⤊ 0⤋
Las Vegas and Phoenix are HOT for investment real estate!
2006-08-20 18:56:04 · answer #5 · answered by Life after 45 6 · 0⤊ 0⤋
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2016-09-29 12:15:27 · answer #6 · answered by erlebach 4 · 0⤊ 0⤋
Florida is the biggest boom right now. It is expected to be the 3rd largest populated state soon behind California and Texas.
Condos are the sell
2006-08-20 18:42:52 · answer #7 · answered by viewAskew 5 · 0⤊ 2⤋
Keep in mind...........
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://www.brokerforyou.com/blogger/index.html
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
2006-08-21 04:44:09 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Believe me, you missed the boom
2006-08-20 18:42:23 · answer #9 · answered by Peach 4 · 0⤊ 2⤋