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Old 08-26-2018, 11:10 AM
 
7,343 posts, read 4,368,841 times
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Looking on Zillow and such at houses in Tempe, Mesa, chandler areas. $150,000 buys basically...nothing.

A few mobile homes and prefabs but then there is the big lot rent expense.

Is the market that high here right now? Am I getting a skewed result just using a couple websites?

Are there better ways to search? Don’t have a realtor yet.
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Old 08-26-2018, 11:17 AM
 
Location: northwest valley, az
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not a realtor, but I think 250k is the starting point for anything half way decent anywhere in the valley at this point in time
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Old 08-26-2018, 11:20 AM
 
9,196 posts, read 16,645,144 times
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“That high” just because $150k barely buys dirt? That won’t get you too much anywhere, except maybe for some pretty undesirable places. $300k is probably a starting point for anything halfway spacious and decent in a SFH. Sub-$250k buyers typically look at multi-family buildings.
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Old 08-26-2018, 11:30 AM
 
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Damn.
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Old 08-26-2018, 11:34 AM
 
9,196 posts, read 16,645,144 times
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Quote:
Originally Posted by madison999 View Post
Damn.
Check on Redfin. I find it much better than Zillow. Redfin is almost real-time with the MLS. You may find something around $250k depending on your needs, etc.
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Old 08-26-2018, 11:41 AM
 
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I can’t get into one that high, I don’t think.

I could afford it as I would have 2 roommates but that doesn’t matter to the bank.
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Old 08-26-2018, 12:53 PM
 
1,023 posts, read 1,451,894 times
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Quote:
Originally Posted by madison999 View Post
I can’t get into one that high, I don’t think.

I could afford it as I would have 2 roommates but that doesn’t matter to the bank.
Rent and save and wait for the next RE crash. I'm not trying to predict when that will be, but being that the market is cyclical you will eventually get your chance.
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Old 08-26-2018, 01:47 PM
 
Location: 415->916->602
3,143 posts, read 2,659,627 times
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Maybe you can buy a condo but talk to an agent.
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Old 08-26-2018, 01:50 PM
 
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In Tempe, expect 300k+ for a starter home.

Chandler is cheaper but not by much.

You have to get into the sticks to get lower
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Old 08-26-2018, 03:50 PM
 
Location: Phoenix, AZ area
3,365 posts, read 5,239,267 times
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Quote:
Originally Posted by WSPHXPELON View Post
Rent and save and wait for the next RE crash. I'm not trying to predict when that will be, but being that the market is cyclical you will eventually get your chance.
If we see $150k homes again we are all f-d. The next down turn shouldn't see a 30%+ drop in value, more like 10-15%.

You won't find nice homes in good areas for $150k again, get more income or add more people (again more income) to the mortgage is your only real bet.
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