Quote:
Originally Posted by tredadda
I can see why Phoenix would be a destination for people from California. Still close to there without the outrageous cost of living. What does fascinate me is with so many people leaving, who is overpaying for homes in California? Where are they coming from?
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A lot of the homes are being purchased by investors because the interest rates are so ridiculously low right now.
Quote:
Originally Posted by Bugeater
I don't necessarily think prices are going to fall, but they have to level off at some point. This isn't Colorado or California...it's the goddamn midwest, not exactly somewhere people are clamoring to come live.
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Yeah but that's bound to happen when you're pricing out millions of people from affordable homes.