Phoenix Housing Market? - GoFuckYourself.com

TidalWave · 05-15-2010, 06:59 PM

opinions on houses and real estate in Phoenix area?
how many people are renting? how quickly are things renting?

lots of people buying houses?

05-15-2010, 07:32 PM

Yes there are people buying houses, you can get some great deals right now. The rentals would depend on the area. I know in Tempe houses are rented fast, but we also have the university here.

Nikki_Licks · 05-15-2010, 07:54 PM

I heard on the news that rentals are getting real hard to find as most people that lost their homes ended up renting a home.
And if you rent, you better hope the landlord is not in foreclosure and takes your money...lots of scams going on too

There are plenty of homes up for sale. In our neighborhood (subdivision area), last count......there are around 13 homes sitting empty. There use to be something like 17 but some sold.

It's a buyers market

TheDoc · 05-15-2010, 08:09 PM

I wouldn't really call it a market... it's more buyers choice, just select a house and name your price.

fatfoo · 05-16-2010, 12:20 AM

A successful market sells many different kind of thing. Good luck.

Nikki_Licks · 05-17-2010, 06:23 AM

Quote:

Originally Posted by TheDoc

I wouldn't really call it a market... it's more buyers choice, just select a house and name your price.

I called it a buyers market because there are so many homes available to bid on that are dirt cheap and as you mentioned, you can just about name your price. Most can't be sold due to the previous owners stripping the house.

I would assume you could buy a home stripped if you are paying cash and possibly signed some sort of release. I don't know how the law reads or if the banks would allow a person to purchase a non livable home. I was always under the impression that if the home is not livable, meaning ready to move in, then the bank has to make necessary repairs and then it can go on the market....not sure....

LoveSandra · 05-17-2010, 06:59 AM

good luck

Mutt · 05-17-2010, 07:38 AM

see this house in the header of this site? http://www.arizonalodgingexperts.com

we rented that house 2 years ago to shoot a solo site model in for a week, it's a gorgeous home, i think it was between 2 and 3 million at the time.

it sold for 1.2M and now I heard it sold again - for 800K!!!

Mr Happy · 05-17-2010, 10:42 AM

It is about to drop another 25% in AZ

TheDoc · 05-17-2010, 10:49 AM

Quote:

Originally Posted by Mr Happy

It is about to drop another 25% in AZ

Yep, lots of people upside down are just walking away....a house is an investment, if you're investment is bad you cut your losses. The market balances out here fast, tons of people willing to snatch up those cheap homes.

heymatty · 05-17-2010, 01:42 PM

Yes looks like it was a false bottom. Going down again soon.

05-15-2010, 06:59 PM	#1
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	Phoenix Housing Market? opinions on houses and real estate in Phoenix area? how many people are renting? how quickly are things renting? lots of people buying houses? __________________ www.SwiftNode.com

05-15-2010, 07:54 PM	#3
Nikki_Licks Confirmed User Join Date: May 2005 Location: Behind The Lens Posts: 6,323	I heard on the news that rentals are getting real hard to find as most people that lost their homes ended up renting a home. And if you rent, you better hope the landlord is not in foreclosure and takes your money...lots of scams going on too There are plenty of homes up for sale. In our neighborhood (subdivision area), last count......there are around 13 homes sitting empty. There use to be something like 17 but some sold. It's a buyers market __________________ Amateur Content ICQ: 292 356 077

05-15-2010, 08:09 PM	#4
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	I wouldn't really call it a market... it's more buyers choice, just select a house and name your price. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

05-16-2010, 12:20 AM	#5
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	A successful market sells many different kind of thing. Good luck. __________________ Send me an email: [email protected]

05-17-2010, 07:38 AM	#8
Mutt Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Posts: 34,431	see this house in the header of this site? http://www.arizonalodgingexperts.com we rented that house 2 years ago to shoot a solo site model in for a week, it's a gorgeous home, i think it was between 2 and 3 million at the time. it sold for 1.2M and now I heard it sold again - for 800K!!! __________________ I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!

05-15-2010, 07:32 PM	#2
JaneB Guest Posts: n/a	Yes there are people buying houses, you can get some great deals right now. The rentals would depend on the area. I know in Tempe houses are rented fast, but we also have the university here.

05-17-2010, 06:59 AM	#7
LoveSandra So Fucking Banned Join Date: Aug 2008 Location: Just Blow Me Posts: 10,551	good luck

05-17-2010, 10:42 AM	#9
Mr Happy So Fucking Banned Industry Role: Join Date: Feb 2010 Location: LMFAO Posts: 485	It is about to drop another 25% in AZ

05-17-2010, 01:42 PM	#11
heymatty Confirmed User Join Date: Oct 2001 Location: Scottsdale :) Posts: 2,188	Yes looks like it was a false bottom. Going down again soon. __________________ Cashlantis ~ Black Book Cash