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Old 10-31-2007, 07:51 PM
 
41 posts, read 226,231 times
Reputation: 45

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I have asked this question in order threads and saw others asking with no reply. My thought is that maybe the question about Queen Creek was burried in the other threads as someone has to know why the housing is so cheap in Queen Creek and why the number of foreclosures seems so much higher than for other communities.

If anyone has the answer to this question, please let us know, as I am not the only inquiring mind. The homes seem almost new and spacious and the prices are like low 100 000s. I first I thought that it was because the land was not included but after checking this out with an agent, she stated that the land is included but never answered my question as to why the properties are so cheap and why there are so many foreclosures.

If anyone can enlighten, please do so....
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Old 10-31-2007, 07:58 PM
 
56 posts, read 252,429 times
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Could be several things, Might be bad neighborhoods which can mean lots of thefts.Could be just a run up in prices and thats the going rate now.Could be bad builders have built the houses and the words out now. The only way to sell a house in this market is to LOWER the price it really is that simple.Keep an eye on the area and if they are selling then you just have people who have wised up and really do want to sell. There might be nothing wrong with the area just people who want to sell.
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Old 10-31-2007, 08:13 PM
 
343 posts, read 452,301 times
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Investors bought when prices here were less than in closer to Phoenix.
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Old 10-31-2007, 08:16 PM
 
1,486 posts, read 4,150,177 times
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It's in the middle of nowhere and there were tons of people who over bought out there thinking that the market would keep going up. Now that isn't happening so you have a bunch of un-lived in homes held by "investors," properties that have been foreclosed, and half-built neighborhoods where the builder has ether went under or refuses to take any additional risk. Add to that it is in BFE and miles from anything (including jobs). So, that is why it is cheap.
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Old 10-31-2007, 08:20 PM
 
41 posts, read 226,231 times
Reputation: 45
Default Bfe

Excuse my lack of knowledge but what is BFE?
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Old 10-31-2007, 08:23 PM
 
343 posts, read 452,301 times
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Yeah! Can I get sandals with that?
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Old 10-31-2007, 08:25 PM
 
13 posts, read 84,943 times
Reputation: 19
I don't mean to hijack this thread, but I have a related questions.

I am considering buying a second home in Arizona, unsure about Tucson or Phoenix, but where ever we end up, it will only be a place we will live in for about 5 or 6 months a year - maximum

We are undecided about living in a retirement community, or just out in a regular suburb. Queen's Creek is one community we have our eye on as the prices seem so reasonable, and it is still not too far to get to the city for shopping etc.

How does this neighborhood shape up for part-time residents??? Thanks to anyone who might know about this community, and add to the great information already in this thread.
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Old 10-31-2007, 08:27 PM
 
1,486 posts, read 4,150,177 times
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Quote:
Originally Posted by Kabfon View Post
Excuse my lack of knowledge but what is BFE?
BF Egypt.

It means in the middle of nowhere.

Try google to figure out what the first two letters stand for if you still don't get it.
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Old 10-31-2007, 08:31 PM
 
41 posts, read 226,231 times
Reputation: 45
Default This forum is more educative than I thought.... lol

:d:d:d:d:d:d
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Old 10-31-2007, 08:33 PM
 
13 posts, read 84,943 times
Reputation: 19
hahahahaha - I got it!!
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