Thinking of buying home in Prescott to rent out now-live in later

[DellNec]

Originally Posted by scottdavis

Prescott No Way!

Buying a house in Prescott would be the worst economic move one could make.

Best case outlook a 1-5% depreciation per year for the next five years.

Worst case outlook a 6-10% for the next 5 years.

Renting will get you alot more home for alot less money than buying.

Please take this to heart and keep your hard earned money.

You will need it when you move here.

If your a retiree Prescott is a smart choice.

If you have a family.

No way....

Scott, thank you for being down to earth and speaking the truth. Unfortunately, these forums are filled with people who have hidden agenda's and are bias towards the truth. I appreciate your honesty.

I run a business in Prescott and things are down. Back in 2005 & 2006, I would get people on a daily basis looking to move to Prescott from California, now that is all but gone. Prescott is a tough place to live. The reason is the cost of housing is very high. Good paying jobs are scarce. Prescott Valley and Chino Valley is where the working class people live.

Making $10 a hour is the norm up here. If not for my business, I could never afford to live here, impossible. The things I hate about Prescott are:

Cost of living, not enough services, bad medical, corrupt small-town politics, expensive housing, low diversity with only Hispanic/Latino @ 9.1%, white @ 86.1%, and black @ 0.5%. This area has a lot of rednecks who hate blacks and Hispanics. Finding stuff to do is hard, Whiskey Row gets old after a week, and the area has nothing much to offer. Outdoor stuff is plentiful but bars and good restaurants are limited. Geez, people are all excited about getting a CVS and Cracker Barrel

If you are retired or have a lot of money, then Prescott would be nice. If you are not, then the area is not for you. It's a small town and area's like this are taking huge hits in today's economy.

[Den Mathias]

Originally Posted by scottdavis

Prescott No Way!

Buying a house in Prescott would be the worst economic move one could make.

Best case outlook a 1-5% depreciation per year for the next five years.

Worst case outlook a 6-10% for the next 5 years.

Renting will get you alot more home for alot less money than buying.

Please take this to heart and keep your hard earned money.

You will need it when you move here.

If your a retiree Prescott is a smart choice.

If you have a family.

No way....

This is all very sobering. Previous posts here have said that the health care situation is not the best. Prescottians have to drive 225 miles for health care?

[DellNec]

Originally Posted by Den Mathias

This is all very sobering. Previous posts here have said that the health care situation is not the best. Prescottians have to drive 225 miles for health care?

Finding a family doctor and finding a specialist, takes a 6-12 month waiting list, just to be seen. Many doctors are not accepting new patients. Far too many elderly people and not enough doctors to go around. That is the problem. Urgent Care is your best bet.

As far as EMERGENCY care, Prescott has 2 hospitals, so you should be OK for that. Unfortunately, any major trauma or care, they WILL fly you by helicopter to Phoenix or Flagstaff, because Prescott cannot cope with major trauma. Every time there is an accident with major trauma in Prescott, 100% of the time, they will fly you to Phoenix or Flagstaff. Prescott cannot deal with major trauma. They are not equipped like Phoenix or Flagstaff is. A helicopter ride from Prescott to Phoenix will cost you $10,000-$20,000

The same goes for cancer treatment, heart surgery, etc., they will advise you to go to Phoenix. So you have to drive 110 miles each way to do so. I have done many 220 mile round trips to go to a doctor. I've given up with Prescott medical.