I know for us the reasons are many.  We were lied to and misled on many occasions about SO many things.  No amount of research could've helped us determine that at the time.  Had we known then what we know now we would've happily continued living in an apartment.  Our debt would be completely paid off and we'd have money in the bank.  Instead we're in debt up to our ears paying on a house that isn't near worth what our mortgage is for and there are no jobs here.  The list is really long...but the main thing is being lied to by so many people has left us angry, bitter and frustrated.

I agree with 100%.

Same here.  I don't even dare try to sell right now.  I'm not about to eat $100K.  But as soon as I can get what I paid..I'm gone!

Posted By The Family Guy on 05/05/2008 9:17 AM
I would really like to hear some of the lies that people were told. I do not recall anyone telling me lies. I do recall hearing that Maricopa was a growing city and that there were several businesses that would be opening here soon. I am smart enough to understand that any business decision is subject to change and usually influenced by the state of the economy. A business is not going to open if there aren't enough residents to support it. It seems that all I hear lately is people either leaving Maricopa or wanting to leave Maricopa. Why? Because you cant afford your home? Didnt you know that you were in an ARM? Oh, you thought you could re-fi? Well, I guess that was a lie huh? I was OFFERED that same deal and decided against it. I based my decision on the fact that the housing market was starting to decline and I knew that saving some money now could certainly mean that disaster later. How did I know that? Well I did my research before I agreed to my loan. I know, some of you will say that it was the only way you could get the loan. Well then I say maybe you shouldnt have been buying until you could afford. I think the only lies that were the ones that you told to yourself. Renting is always an option.

So now everyone wants to leave.

Family Guy..... I agree with your take. Another group of people are also leaving because they didn't anticipate the growth down here would come to a complete halt. 5 years was ok, but 10-15 for decent infrastructure and better access to Phoenix is just not worth it for a lot of people. No blame to throw around here, we all took a chance on this town without knowing how things would pan out. I'm sure the ones who wait it out will be rewarded with a great place to live. Too many good people have the city's best interest at heart.  But they'll be a lot of pain  to absorb while things catch up.

I bought 6 months ago. My home is worth more today then when I bought it. I bought it with a fixed 30 year 5.25% rate. I moved here from San Diego where my RENT on a 1100 square foot home was $400 a month higher then what I am paying now on a mortgage on a 2644 square foot home.

Welcome to Maricopa. I lived in the San Diego area for about 14 years. I'm just curious about your loan. If I may ask, was the 5.25% the APR? If it is, that is great!!. The timing of the rate seems to not include any origination fees and/or points.

Thanks