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Is AZ Real Estate Investment good for the future, and is that where the next boom will take place?? |
I've heard good things about AZ for long-term investments. Have you? 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 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. Believe me, you missed the boom Florida is the biggest boom right now. It is expected to be the 3rd largest populated state soon behind California and Texas. 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. Las Vegas and Phoenix are HOT for investment real estate! Keep in mind........... 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. |
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