A quarter-acre lot which is unbearable to use for anything outdoorsy 4 months out of 12. Much rather have a condo in CA with no lot and access to a lot of beautiful public park space.
I know a few people who bought in Phoenix in 2006-7 and are basically stuck there, wishing they could either move to CA or back to NYC. A big lot isn’t all that it’s cracked up to be.