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Old 03-25-2021, 01:25 PM
 
Location: Uptown Phoenix, AZ
5,417 posts, read 4,973,909 times
Reputation: 5193

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Can we go back to the original topic please? This is no longer about Phoenix real estate anymore, clearly, and the hijacking isn’t productive in anyway.
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Old 03-25-2021, 01:32 PM
 
7,339 posts, read 8,741,596 times
Reputation: 6644
Quote:
Originally Posted by Prickly Pear View Post
Can we go back to the original topic please? This is no longer about Phoenix real estate anymore, clearly, and the hijacking isn’t productive in anyway.
We agree. Our bad.
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Old 03-25-2021, 01:48 PM
 
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
26,810 posts, read 11,015,498 times
Reputation: 8974
Quote:
Originally Posted by Prickly Pear View Post
Can we go back to the original topic please? This is no longer about Phoenix real estate anymore, clearly, and the hijacking isn’t productive in anyway.
What's the point in continuing this thread? You and I have already been given the answer to the original post by those like MN-Born-And-Raised who already got theirs:

Either start from scratch in a new career like tech, or move to Alabama or Iowa.

I think this thread is dead :/
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Old 03-25-2021, 02:14 PM
 
105 posts, read 60,603 times
Reputation: 165
Quote:
Originally Posted by Sno0909 View Post
I am literally starting a business right now that I have absolutely zero experience in. I'm doing my research and talking to people who are smarter than me. I know it's a good industry to get into, so I figure start now regardless of my knowledge and pick up things as I go.

Need any employees yet, Sno0909?
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Old 03-25-2021, 02:23 PM
 
Location: az
5,662 posts, read 3,507,658 times
Reputation: 4548
Quote:
Originally Posted by Prickly Pear View Post
Can we go back to the original topic please? This is no longer about Phoenix real estate anymore, clearly, and the hijacking isn’t productive in anyway.
Well, if you can't afford to buy in the Phx metro....then look to live in another area of AZ or leave the state.

And if prices were to crash in Phx expect the sharks to be out in full force... and they pay cash.

Last edited by john3232; 03-25-2021 at 02:40 PM..
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Old 03-25-2021, 02:38 PM
 
Location: Victory Mansions, Airstrip One
4,876 posts, read 3,082,835 times
Reputation: 5777
Quote:
Originally Posted by Prickly Pear View Post
Can we go back to the original topic please? This is no longer about Phoenix real estate anymore, clearly, and the hijacking isn’t productive in anyway.
If you do not have an absolute NEED to buy a house today, I'd not be in a rush. Trying to buy in an overheated market is just miserable. There's not much inventory, one is under pressure to make a snap decision, and then there's the matter of trying to outbid other buyers. Thankfully I've never found myself in that situation.

My first job out of college was with a small company that was not, shall we say, financially sound. It was a great place to work, but buying a house while I worked there never entered my thought process. I was nearly 30 years old when I bought my first house.

I'd work on trying to make more money, and save/invest as much as you can for now. One thing is for certain, the housing market will not be "hot" forever.
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Old 03-25-2021, 03:11 PM
Status: "Free Man" (set 28 days ago)
 
Location: Gilbert, AZ
1,153 posts, read 638,050 times
Reputation: 2175
Quote:
Originally Posted by hikernut View Post
If you do not have an absolute NEED to buy a house today, I'd not be in a rush. Trying to buy in an overheated market is just miserable. There's not much inventory, one is under pressure to make a snap decision, and then there's the matter of trying to outbid other buyers. Thankfully I've never found myself in that situation.

My first job out of college was with a small company that was not, shall we say, financially sound. It was a great place to work, but buying a house while I worked there never entered my thought process. I was nearly 30 years old when I bought my first house.

I'd work on trying to make more money, and save/invest as much as you can for now. One thing is for certain, the housing market will not be "hot" forever.
I agree to a certain extent. Me personally, I wouldn't buy a home right now, but I already own a home. Many people that are renting have a choice to make - pay ridiculous rent prices or bite the bullet and buy a home and pay the same amount each month. Rent price increases are not sustainable for many people. Buying a home gives you the same payment every month without any surprises.
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Old 03-25-2021, 03:36 PM
 
2,424 posts, read 4,917,345 times
Reputation: 4407
Quote:
Originally Posted by Prickly Pear View Post
Can we go back to the original topic please? This is no longer about Phoenix real estate anymore, clearly, and the hijacking isn’t productive in anyway.
I did notice recently a company that has purchased over 100 homes in the PHX area and they have some type of lease to own program. Maybe you can look into those.
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Old 03-25-2021, 03:47 PM
 
Location: Victory Mansions, Airstrip One
4,876 posts, read 3,082,835 times
Reputation: 5777
Quote:
Originally Posted by Sno0909 View Post
I agree to a certain extent. Me personally, I wouldn't buy a home right now, but I already own a home. Many people that are renting have a choice to make - pay ridiculous rent prices or bite the bullet and buy a home and pay the same amount each month. Rent price increases are not sustainable for many people. Buying a home gives you the same payment every month without any surprises.
I'll point out that, by definition, home ownership is not a surprise-free existence! Expensive maintenance issue can come up at any time. Just yesterday I saw a backhoe digging in a neighbor's yard... looks like they may have foundation issues. Regular maintenance items like replacing HVAC or a roof runs thousands of dollars. People sometimes have to rip up their slabs to fix plumbing problems, dig up the sewer connection to have it replaced, etc... Any day a backhoe has to come to one's house is a bad day

Taking on a financial commitment that's not comfortable is never a good idea in my opinion. I didn't catch what part of the city the OP is looking in, but trying to buy a home here on $50k income seems like a stretch to me. Better off living with a roommate or two, investing what can be saved, and working on earning more $$.
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Old 03-25-2021, 04:17 PM
Status: "Free Man" (set 28 days ago)
 
Location: Gilbert, AZ
1,153 posts, read 638,050 times
Reputation: 2175
Quote:
Originally Posted by hikernut View Post
I'll point out that, by definition, home ownership is not a surprise-free existence! Expensive maintenance issue can come up at any time. Just yesterday I saw a backhoe digging in a neighbor's yard... looks like they may have foundation issues. Regular maintenance items like replacing HVAC or a roof runs thousands of dollars. People sometimes have to rip up their slabs to fix plumbing problems, dig up the sewer connection to have it replaced, etc... Any day a backhoe has to come to one's house is a bad day

Taking on a financial commitment that's not comfortable is never a good idea in my opinion. I didn't catch what part of the city the OP is looking in, but trying to buy a home here on $50k income seems like a stretch to me. Better off living with a roommate or two, investing what can be saved, and working on earning more $$.
Touché
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