Home › Forums › Financial Markets/Economics › surprise surprise.. home prices ^
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June 27, 2012 at 7:29 AM #746602June 27, 2012 at 7:33 AM #746603sdrealtorParticipant
Context matters. The person I was responding to said he could rent his house and cover his costs with a 20 yr mortgage.
June 27, 2012 at 7:38 AM #746604spdrunParticipantBoth conditions:
(a) not being underwater
(b) being able to rent at a profitshould be true to make an owner happy. Being stuck with a rental property would also suck painfully.
June 27, 2012 at 8:26 AM #746605anParticipant[quote=spdrun]Both conditions:
(a) not being underwater
(b) being able to rent at a profitshould be true to make an owner happy. Being stuck with a rental property would also suck painfully.[/quote]
Most desirable areas, I don’t think ever was or ever will be cash flow positive from day one or even after a couple of years (assuming conventional 20% down). Being underwater only keep you up at night and make you unhappy if you intend to move. If you bought your dream home or a house you plan to retire in, assuming you can truly afford the place, why would you lose sleep over something that won’t affect you.Yes, being stuck with a rental property that have negative cash flow would suck. But being “stuck” with a rental property that’s under water doesn’t always suck, especially, if you’re cash flowing positive. If you bought a rental that wasn’t cash flowing, then this is a lesson you’d have to learn. But again, you’re only “stuck” if you’re intending to sell.
June 27, 2012 at 8:37 AM #746606spdrunParticipantSpeaking for myself, I see ALL real-estate as an investment primarily, rather than a place to live, even if I do happen to live in it. If it doesn’t allow me to leave it for a year or for good, it’s not worth owning.
June 27, 2012 at 9:05 AM #746609SK in CVParticipant[quote=flu]What is there to do in Arizona anyway? Serious question.[/quote]
I’ve been living here (scottsdale) for a year now. And I haven’t been to the outlying areas since i got here (Sedona, Prescott, Flagstaff). Outside of when it’s hot (like now), it’s a lot like SD without the coast. Which for me, is a lot like going out for a steak dinner at a vegetarian restaurant. The weather for 8 months is pretty much the same as there. It’s way less expensive. But I can’t figure out wtf people see about this place to make it a vacation destination.
That said, its a pretty livable city. Good restaurants. Easy to learn your way around. Gotta get used to the summer weather, much like winter weather in the east. Except i can go out to pick up my morning paper (if i got one) in my boxers instead of 4 layers of clothing. It’s 9:00 AM and 96. Will hit 110 by 4:00 this afternoon. But much like my oven, its dry heat.
June 27, 2012 at 9:40 AM #746614briansd1GuestHave been to AZ many time and I agree with SK. I would not consider AZ as a vacation home. The Phoenix area has lots of hotel resorts.
Sedona has beautiful rocks but i don’t feel any magic there. The place is overun with tourists and tourist traps.
AZ is good if you like nature when the weather permit you to be outside.
June 27, 2012 at 9:49 AM #746617sdduuuudeParticipant[quote=sdrealtor]The Grand Canyon is my favorite national park and something everyone in America should see. Pictures do not begin to do it justice.[/quote]
No words, photos, pictures, audio or video can give anyone appropriate expectations for the Grand Canyon.
I have found two things in the world that you cannot prepare someone for. One is the Grand Canyon. The other is a top fuel drag race.
Regarding things to do in AZ:
To summarize, the things you can do in Arizona are touristy things that involve experiencing nature. CDMA Eng is right about the diversity. Desert in the south. Pine trees and canyons in the north.
We spent our Winter vacation camping outside of Tucson a couple years ago so I was a tourist in my home town and we had a great time.
Karchner caverns are spectacular – spectacular cave with a spectacular story. Kitt Peak National Observatory – go for the night visit, a little boring for the kids. Saguaro National Park (not too exciting). Sonoran Desert Museum. Titan Missles. Biosphere (pretty lame, but it is something to see). Hiking in Sabino Canyon. Hiking galore. I know of an abandoned marble quarry on private property that is amazing near Bode.
That’s just Tucson. There’s the Grand Canyon. Painted Desert. Petrified Forest. Meteor Crater. Walnut Canyon. Four Corners (so lame, it’s worth seeing how lame it is). Salt River rafting. Off-roading in all sorts of terrain. Lots of Mines. Canyon De Chelly. Boating on the Colorado river. Everyone should see the town of Jerome, built on the side of a hill. Don’t forget the world-class gem and mineral show every Feb. There’s a water park in Phoenix. Frank Lloyd-Wright buildings. High-end resorts in Scottsdale. Golfing, of course.
Arizona is a great place to visit and a great place to be from. I realize now that it is very unique place. Nearly everyone who visits finds it fascinating as long as they go in the Winter.
June 27, 2012 at 9:55 AM #746618bearishgurlParticipant[quote=sdrealtor]…Thanx for the well wishes. The Grand Canyon is my favorite national park and something everyone in America should see. Pictures do not begin to do it justice.[/quote]
Hopefully, you will be able to ride camels . . . I mean, mules. Just don’t look down :=0
June 27, 2012 at 10:14 AM #746619bearishgurlParticipant[quote=sdduuuude][quote=sdrealtor]The Grand Canyon is my favorite national park and something everyone in America should see. Pictures do not begin to do it justice.[/quote]
No words, photos, pictures, audio or video can give anyone appropriate expectations for the Grand Canyon.
I have found two things in the world that you cannot prepare someone for. One is the Grand Canyon. The other is a top fuel drag race.
Regarding things to do in AZ:
To summarize, the things you can do in Arizona are touristy things that involve experiencing nature. CDMA Eng is right about the diversity. Desert in the south. Pine trees and canyons in the north.
We spent our Winter vacation camping outside of Tucson a couple years ago so I was a tourist in my home town and we had a great time.
Karchner caverns are spectacular – spectacular cave with a spectacular story. Kitt Peak National Observatory – go for the night visit, a little boring for the kids. Saguaro National Park (not too exciting). Sonoran Desert Museum. Titan Missles. Biosphere (pretty lame, but it is something to see). Hiking in Sabino Canyon. Hiking galore. I know of an abandoned marble quarry on private property that is amazing near Bode.
That’s just Tucson. There’s the Grand Canyon. Painted Desert. Petrified Forest. Meteor Crater. Walnut Canyon. Four Corners (so lame, it’s worth seeing how lame it is). Salt River rafting. Off-roading in all sorts of terrain. Lots of Mines. Canyon De Chelly. Boating on the Colorado river. Everyone should see the town of Jerome, built on the side of a hill. Don’t forget the world-class gem and mineral show every Feb. There’s a water park in Phoenix. Frank Lloyd-Wright buildings. High-end resorts in Scottsdale. Golfing, of course.
Arizona is a great place to visit and a great place to be from. I realize now that it is very unique place. Nearly everyone who visits finds it fascinating as long as they go in the Winter.[/quote]
Yes, sdduuuude, I’ve been all thru AZ dozens of times but only on the road. I went thru the four corners last summer and it really IS lame, lol. I haven’t seen any of the places you mention here but thinking about spending the night in Tucson on my way back home later this summer/early fall. There might be time to do something the next morning before hitting the road to SD (6 hrs??).
Definitely, my favorite areas are Flagstaff and Sedona. I’d like to try the tram in Sedona when I have the opportunity and also get a mud bath. I’ve been thru Flagstaff in the winter a few times as well and luv the snow piled up high on the sides of the road. Also luv the blue/green look of the pine trees in a (summer) windy rainstorm 🙂 I think Flagstaff would be a really nice place to retire. Unfortunately, a lot of other boomers and beyond from CA and the west thought so, too, because it isn’t cheap anymore to buy a decent house there, even a smallish one :=0
June 27, 2012 at 12:39 PM #746640briansd1GuestI like to be around people and culture more than nature. Hence AZ is not attractive to me. For nature, I can watch National Geographic. I’d rather be walking around in NY than lounge by the pool at a Scottsdale resort.
Or maybe it’s because I don’t have kids who would enjoy road trips.
The Grand Canyon is nice. I think it’s best to fly over it by helicopter from Vegas. Saves time.
June 27, 2012 at 12:43 PM #746642svtechieParticipantAnd don’t forget Davis-Monthan AFB…
June 27, 2012 at 2:51 PM #746657EconProfParticipantOne learns to cope with the weather. I currently spend half my days working on my Yuma area apartments, staying in one of them. Temperatures in the early morning can be low 70s on a day when it will hit 110. That’s the coastal effect, which doesn’t extend to Phoenix. Work hard in a.m., eat lunch, take nap, then stay inside. Rinse, repeat.
Yes, everything is cheaper in AZ such as gasoline @ $.30 less. So time your fuel level to hit Yuma when close to empty, and fill up in Yuma when leaving AZ for CA.June 27, 2012 at 3:51 PM #746669flyerParticipantPretty much agree with the spectrum of comments regarding AZ. Even though we kept our home in San Diego, we lived in Scottsdale for a few years, and have kept some rentals there.
IMO, Scottsdale, Paradise Valley, Cave Creek and Carefree are probably some of the best areas in which to live in AZ. As SK mentioned, very upscale, lots to do, great restaurants, shopping, golf, great medical facilities, etc., etc.
Loved traveling all over the state when we were there, with all of the natural beauty and various attractions–so it’s well worth a trip, at least once in your life.
After college, lots of our kids friends had to move to AZ–and other states–because they couldn’t find jobs in CA, or couldn’t afford to live here when they left their parent’s homes.
As I know I’ve said before, we always seem to gravitate back to San Diego, regardless of where else we’ve lived. Even when we spent 5 years in Hawaii, we couldn’t wait to get back here, and I’m sure others feel the same.
June 27, 2012 at 7:01 PM #746681sdrealtorParticipant[quote=briansd1]I like to be around people and culture more than nature. Hence AZ is not attractive to me. For nature, I can watch National Geographic. I’d rather be walking around in NY than lounge by the pool at a Scottsdale resort.
Or maybe it’s because I don’t have kids who would enjoy road trips.
The Grand Canyon is nice. I think it’s best to fly over it by helicopter from Vegas. Saves time.[/quote]
Sduuude hit the nail on the head. Nothing can prepare you for seeing it in person. You pull into the parking lot and are less than 100 ft away and still can’t see it. Then you walk to the rim and it knocks you over. A helicopter flight would be cool but nothing comes close to hiking to the bottom and spending a night or two at the Phantom Ranch. It’s not a hike for the weak and many folks have not made it out alive. My kids aren’t old enough yet but some day I hope to share a hike down the Bright Angel trail with them. It should be on everyone’s bucket list.
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