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That area reminds me of one of the several places I have lived here. It was in the"avenues" north of I-10 in the John F. Long houses. They were a good buy and for the first couple years the neighborhood was really great - young professional with families and lots of kids in their first homes. We had a lot a parties and a lot of good times. But as our salaries grew and jobs changed we moved out. Many had trouble selling their houses just like now and they became rentals. The rentals lead to problems and the neighborhoods declined as more people began to flee. Some of my neighbors just walked away and let the bank take the house back. Today that whole area is crime-central for Phoenix. It's hard to believe all that went down in less than 20 years.
I see the same thing happening S of the freeway and in Laveen area. It's great at first but as the starter people move up the neighborhoods go down. If you are planning on making a little equity and getting the heck out in 3 to 5 or keeping your house as a rental property, it might make sense. But in the long run, these are not going to be stable neighborhoods where you are going to want to raise kids and grow old. |
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I'm skeptical of new build subdivisions in the middle of old, run down crime ridden areas. If they don't build up the existing areas of the Baseline Corridor I think that the bad neighborhoods are going to overwhelm the good. I've shown properties in the Baseline Corridor to a few clients, and most of them choose to move further out to the suburbs. You need to make sure that an area is on its way up, not on its way down. That's my opinion.
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