Quote:
Originally posted by JR@May 25 2003, 01:16 PM
i agree. i dont think they will "pop" either in many of the hot spots in the US. Pheonix is certainly one of them.
Seattle is already starting to recover right now and property there went right off the charts as well in the last several years.
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The things that Phoenix, SoCal, S Fla all have in common are excellent weather, accessibility, a population with a decent disposable income, and they are all areas that for one reason or another people want to move to -- Vegas is another one that does well --
As the population ages more people tend to buy second homes or retirement homes in areas where they will be comfortable during most of the year -- and there are also alot of recreational things like golfing to do in all these areas... the accessibility factor is huge as well -- with America West and Southwest doing so well currently (relative to United, AA, etc) the cheap fares to Vegas, Phx, and SoCal areas also help when people are making decisions on where to live... for instance if your mother moved out here, or your kids moved out here, and you could come and visit for next to nothing roundtrip with only a weeks notice, it's somewhere that becomes even more convenient.