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I live in Phoenix now. My wife and I are planning to move away from here in two years. We were only here because of circumstances outside of our control and now
by hosh 2y ago
I live in Phoenix now. My wife and I are planning to move away from here in two years. We were only here because of circumstances outside of our control and now those circumstances are no longer applicable.
Phoenix's main economic driver is real estate development and speculation since the 60s. It has very little in the way of real wealth that serves as a foundation (other than ASU and the two silicon fabs that are there now). A lot of people come here thinking it is affordable cost of living (and it is not that affordable in 2024), but I don't think many residents here really know why they live in Phoenix either.
- toomuchtodo 2y agoBest time to get out of a market is before everyone else is running for the door. Lots of stranded assets and sadness ahead for folks who held on to assets too long in the wrong places. https://www.marketplace.org/2024/05/28/are-we-in-the-midst-of-a-climate-housing-bubble/ https://www.marketplace.org/2024/05/28/are-we-in-the-midst-o... http://www.deltaterracapital.com/ http://www.deltaterracapital.com/