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Old 11-26-2016, 09:56 PM
 
7,413 posts, read 6,196,497 times
Reputation: 6660

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There is a condo boom in Phoenix that will happen over the next year or two. I would expect prices to come down then.
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Old 11-26-2016, 10:16 PM
 
Location: USA
18,423 posts, read 9,052,370 times
Reputation: 8462
There are advantages to living in the Rust Belt, like not having to pay $750,000 for a fixer-upper or $2000/month for a shitty apartment.
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Old 11-26-2016, 10:17 PM
 
142 posts, read 102,693 times
Reputation: 50
Phoenix is crazy, i agree.

That's why i decided to move out of US.

There isn't a single affordable metro area in this country.
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Old 11-26-2016, 10:23 PM
 
Location: USA
18,423 posts, read 9,052,370 times
Reputation: 8462
Quote:
Originally Posted by John.CA View Post
Phoenix is crazy, i agree.

That's why i decided to move out of US.

There isn't a single affordable metro area in this country.
Have you looked at Pittsburgh, Cleveland, Rochester, Buffalo, Indianapolis, St. Louis, Kansas City, Dallas, Houston, Atlanta...
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Old 11-26-2016, 10:27 PM
 
142 posts, read 102,693 times
Reputation: 50
Quote:
Originally Posted by Freak80 View Post
Have you looked at Pittsburgh, Cleveland, Rochester, Buffalo, Indianapolis, St. Louis, Kansas City, Dallas, Houston, Atlanta...
Yup.

I can't do in cold areas.

Dallas is crazy!! Houston job market is not so diverse for me and didn't like the weather.

Atlanta is going up as well!!!

So yeah affordability is non existent.
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Old 11-26-2016, 10:39 PM
 
Location: North of Canada, but not the Arctic
20,954 posts, read 19,401,209 times
Reputation: 25423
It's not stopping people from moving there.
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Old 11-26-2016, 10:44 PM
 
1,281 posts, read 771,118 times
Reputation: 295
Quote:
Originally Posted by lovecrowds View Post
Study: 60 percent of New Yorkers could end up homeless | SILive.com

I can't say I am surprised in that regard. It is amazing on the coasts that there aren't more homeless with the rents what they are.

This guy at work was telling me that he was making $27 an hour in California but after taxes he was bringing home about $650/wk after health insurance and California taxes.

He said that out of $2600 he brought home that a 1 bedroom was about $1600/mo for an apartment.

I also talked to a guy when I lived in Las Vegas earlier this year who said when he moved to Los Angeles about a decade ago he was paying $600/mo and his rent by the time he left was $1500/mo

Even here in Phoenix with the massive influx of people rents have skyrocketed very rapidly. In the poorest suburb of the east valley in Mesa there are older apartments going for $900 a month with nothing included so that means water, sewer, cable, internet, electric all is added onto that and people from California see it as a huge bargain.

It is amazing the cost of apartment in many cities for just a class C, old, outdated apartment.

What used to be a starter apartment in many major cities is now what solidly-middle class single are renting in cities like Los Angeles and New York City.

well that's when it's time to downgrade to a studio so you can have more money left over. I had a one bedroom too and had to move once the rent starting going up like crazy.
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Old 11-26-2016, 10:49 PM
 
3,611 posts, read 3,860,204 times
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Seems to be a major disconnect here -- article is saying that people are at risk of homelessness because they don't have an emergency fund, so the solution is subsidized housing and food stamps. That's some pretty tortuous logic. If you lose your job today and have an empty bank account the existence of government safety net programs isn't going to help you make your rent payment on the first.
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Old 11-26-2016, 11:04 PM
 
1,281 posts, read 771,118 times
Reputation: 295
Quote:
Originally Posted by ALackOfCreativity View Post
Seems to be a major disconnect here -- article is saying that people are at risk of homelessness because they don't have an emergency fund, so the solution is subsidized housing and food stamps. That's some pretty tortuous logic. If you lose your job today and have an empty bank account the existence of government safety net programs isn't going to help you make your rent payment on the first.
That's why I try to have a emergency savings and emergency credit card.
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Old 11-27-2016, 07:00 AM
 
Location: Pyongjang
5,701 posts, read 3,200,918 times
Reputation: 3925
The trust fund snowflakes will be okay though.
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