4 ms·

My house has roughly doubled in value in the Phoenix area in the 5.5 years since we bought it. We couldn’t afford it today if we were buying new.

• losteric 3y ago
  Perhaps the area is underzoned
  • skipkey 3y ago
    Not really. The east side of the area where I live is bounded by mountains, so can’t really expand more. To the southeast they are putting in thousands of starter homes. I’m not sure where the water is going to come from. The problem is twofold - one issue is there is a lot of the real estate tied up being used only during the cold weather months from snowbirds. The population goes up by roughly a third then. The other issue is folks moving here from other states, primarily California. The influx has greatly exceeded the rate of new construction.
    • losteric 3y ago
      By underzoned, I meant building up not out. Sprawl is not a long-term answer to any growth challenges.