staubach10
Posts:5
 | | 08/15/2007 10:25 AM |
 Alert | | i was thinking of moving to maricopa down the road. is this is a good time with the current housing market in town to do so? | | | |
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OBG II
Posts:553
| | 08/15/2007 10:27 AM |
Alert | | no, wait till the prices bottom at about 120000 for a great house, then move. Now, we are on the downslide. | |
Some people will do anything to get elected!
IMPALIN' THE LEFT | |
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YZRacer
Posts:1596
| | 08/15/2007 11:09 AM |
Alert | | DON'T DO IT!!!!! | |
If you can't spot the loser, it might be you
Senior Member
Posts: 665
Joined: Jun 2006 | |
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demonica
Posts:850
| | 08/15/2007 12:50 PM |
Alert | | if now is a good time for the move, as far as family and jobs and such go, i would say go ahead and move. but like the other's posted on here, i would wait a while longer to buy a house here, as the prices seem to be dropping like stones. but there are plenty of rentals here in the meantime. | | | |
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drummer72
Posts:3610
| | 08/15/2007 12:50 PM |
Alert | | Wait until we get 45 pizza joints first. | |
"Everything for everyone and nothing for ourselves" | |
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LeonPotter
Posts:506
| | 08/15/2007 1:34 PM |
Alert | <div class='NTForums_Quote'>Posted By staubach10 on 08/15/2007 10:25 AM
i was thinking of moving to maricopa down the road. is this is a good time with the current housing market in town to do so?</div>
In my view, it goes beyond the current housing market. Start with your own financial situation first. Look at your balance sheet and look at your cash flow. Look at your goals you have for you(r)(family) financial and otherwise.
Make the decision based on whether it fits YOU. Don't force your situation to fit a house. If it looks as though buying put you at more risk than any reward and you still want to move, consider renting(as was suggested).This way you can see the city AND do what you need to do to put yourself in position to buy if you still decide to do so later. In the meantime, you're still building your wealth.
The city isn't going anywhere nor are the houses. | |
My answer is "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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PedsNurse
Posts:6
| | 08/15/2007 6:37 PM |
Alert | | Noooooo!!!! Don't move out here until the town figures out what the hell they are doing!!! I have been here for almost for 2.5 yrs and each day I hate it!!! It is not so bad if you don't need to go shopping. Having a Frys and Bashas is not enough.....you spend a ton on gas just to go back into town for the essentials.....And forget about the roads out here!! One accident you are never leaving or getting home!!!! | | | |
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Fritzydoodle
Posts:979
| | 08/15/2007 6:48 PM |
Alert | So leave!
I've about had it with people complaining about Maricopa. It _was_ a wonderful town before it became known for cheap land and big houses. Now we have a population of 30,000 with way too many whinners. You knew what was here before you bought your house. Or you should have. If you didn't - that is your stupidity.
People are spending more time complaining about what the town lacks than doing something constructive to add to the community.
Personally, I like Maricopa. I'm not complaining about all the crap and baggage of all of you newbies who want everything available in Phoenix. If you miss Phoenix so much - feel free to leave at any time. Oh wait - you paid too much for your house and are stuck here. Make the best of it!
If you think SR347 is bad - you should have been here when it was a two lane road. Or better yet - one lane when they were building the road everyone is complaining about. We had 16 miles of pilot cars on one lane of road during the almost one year of construction. We survived. | |
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VikingsFan
Posts:34
| | 08/15/2007 7:17 PM |
Alert | Amen. If you are so miserable here - leave. But I would guess that the people who constantly get on this forum and do nothing but complain will be miserable wherever they live. Did you fail to realize there were no stores in town when you bought your house? Did you not notice there was only one little two lane road going in and out of town? I am not Mary Sunshine, I realize this town has major some issues, but for Pete's Sake, it is only a few years years old. If you are so concerned about the state of affairs - call ADOT, call the mayor, go to the city council meetings and demand change. Contribute to your community instead of sitting at your computer complaining.
To answer your original question - yes, now is a good time to move down here. You have to take the long commute into account. But if that is not an issue for you - there are a lot of great new developments with even better pricing. Come down and look around. I promise - we are not all miserable negative people. | | | |
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GilaGuy
Posts:789
| | 08/15/2007 8:23 PM |
Alert | <div class='NTForums_Quote'>Posted By LeonPotter on 08/15/2007 1:34 PM
<div class='NTForums_Quote'>
In my view, it goes beyond the current housing market. Start with your own financial situation first. Look at your balance sheet and look at your cash flow. Look at your goals you have for you(r)(family) financial and otherwise.
Make the decision based on whether it fits YOU. Don't force your situation to fit a house. If it looks as though buying put you at more risk than any reward and you still want to move, consider renting(as was suggested).This way you can see the city AND do what you need to do to put yourself in position to buy if you still decide to do so later. In the meantime, you're still building your wealth.
</div>
You have been given some great advice by LeonPotter here. I mentioned this to someone else in another thread...that what really matters is what YOU are ready for both financially and in spirit.
It is important to look at prices...but too many people focused only on prices over the course of the past two years, and are now unfortunately reaping the results. It is absolutely vital that you consider what sort of loan you'd be getting, and be able to meet the ever-tightening criteria for that loan. Assuming you are able to put up for the loan right now, it may not be a bad time to jump in...because while interest rates are still relatively low, the criteria to get a loan is becoming more and more restrictive. This trend shows no sign of slowing anytime soon, so that does make now a fairly good time if you are ready.
Renting is not a bad option, but I would quibble a bit with LeonPotter in terms of his definition of creating wealth. Many of the rental prices out here are only slightly less than you'd be paying to purchase the property outright..but you are not gaining any equity. So in essence, your $1000 per month is disappearing with no appreciable gain. If you purchase a home at a cut-rate price (many of which are available now) you can get a decently-sized one for around $1300 per month. This money leaves your bank account, but much of it stays with in you in the form of equity. My sentiment is that there is more wealth generated by putting equity into a small house than there'd be by renting a larger one. In that case, all you're doing is delaying the start of your equity roll.
These are just my thoughts, so take them for what they are worth. I personally think this is a terrific place to live. Sure, there are things that could be better. But they will improve over time. Hope to see you around here soon. :-) | | | |
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Colgate
Posts:629
| | 08/15/2007 9:37 PM |
Alert | <div class='NTForums_Quote'>Posted By Fritzydoodle on 08/15/2007 6:48 PM
So leave!
I've about had it with people complaining about Maricopa. It _was_ a wonderful town before it became known for cheap land and big houses. Now we have a population of 30,000 with way too many whinners. You knew what was here before you bought your house. Or you should have. If you didn't - that is your stupidity.
People are spending more time complaining about what the town lacks than doing something constructive to add to the community.
Personally, I like Maricopa. I'm not complaining about all the crap and baggage of all of you newbies who want everything available in Phoenix. If you miss Phoenix so much - feel free to leave at any time. Oh wait - you paid too much for your house and are stuck here. Make the best of it!
If you think SR347 is bad - you should have been here when it was a two lane road. Or better yet - one lane when they were building the road everyone is complaining about. We had 16 miles of pilot cars on one lane of road during the almost one year of construction. We survived.</div> You go get em Fritzy! Let us help you stake the for sale sign! If people keep bashing this town it will take on such a bad rap even if people do need to sell for job transfer or such it won't happen if the Copa gets a bad rap from it's own residents!!
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Live every day as if it were your last and smile! | |
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LeonPotter
Posts:506
| | 08/15/2007 10:29 PM |
Alert | I must say what I meant by building wealth. I meant saving on the side while one rents. Putting one's money to work without debt. I don't view a personal residence as a wealth builder. People may feel like they are becoming wealthy by "building equity", but the truth is adding a $100 to a savings account, mutual fund, stock, etc. is $100 equity and no debt is required to do this. The money is also liquid and can appreciate. The only way to get money from a home is to sell or borrow. Borrowing only adds to the costs and by its nature increases the risk of debt servicing.
One comparison that is often used is the rent vs mortgage. But, I find a problem with that. Rents are based on local market conditions. The mortgage is a function of the amount of the loan, the interest rate, and the length of the loan. The final number can be manipulated anyway one chooses to get the number "to work". This is where I believe most people error. They look at the monthly payment, but not the real cost. It isn't difficult to lower the payment AND increase the cost for the same house/loan.
(This is similar to walking into a car dealership; there game is to get a buyer to focus on the payment not the total cost of vehicle.)
I'm not against home ownership. I am for financial independence. Too often, the prior gets in the way of the latter. The thing that people believe is helping them is doing the the exact opposite.
I'll say this: I'm all for one buying the SMALLEST house one can afford if they put ATLEAST 20% down and qualify for the lowest rates(preferably 100% down :o). I don't care if it's ajustable or fixed.(I happen to have an ARM) The name of the game is to pay the least as possible and building one net worth at a greater rate(not factoring in "home equity"). I'm certainly in favor of one owning the home free and clear!!
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My answer is "NO" to Q#5 and Q#1.
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender. | |
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sjtrim
Posts:388
| | 08/16/2007 12:00 AM |
Alert | My family loves it here. We knew it was far from town, we knew there was only one road in and out, we knew the "cow" smell was here, yet we chose to move here any way and I don't regret it one bit! I totally agree with Fritzy. If you aren't happy, then leave! I get so sick of all the whiners! We've been here almost a year and we've made lots of friends, my kids love their school and they are involved in sports through Parks and Rec. We have a nice home with a pool, and we plan on being here for a long time so I don't have a problem with the housing market right now. This is a buyers market and I have heard that you can get a smoking deal on a nice house right now. There are lots of homes that are for rent also.
So come on down and take a look and you'll see it really is a nice place to live. We are not all negative people that live here. Some of us are proud to live here! It really is a great city! | |
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Joined: Apr 2007
"A day without laughter is a day wasted." Charlie Chaplin | |
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Bionicbunny
Posts:594
| | 08/16/2007 8:54 AM |
Alert | | Just like anywhere else Maricopa has its pros and cons, just be informed on what the city is like. Talk to a realtor who is on the ball and can tell you what the housing market has been doing over the last year or so. Keep in mind, the city is still growing and you will soon have a Walmart, Lowes and a mall! | | | |
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ggalvan
Posts:46
| | 08/16/2007 6:02 PM |
Alert | If you are considering moving to Maricopa you can still get a "smokin" deal with some of the individuals who took out an ARM and now find it hard to pamke their regular monthly mortgage payments. Unfortunately, the foreclosure market will continue to increase and is expected to increase by 300% from 2006 until 2009. ( Based on the National Assoc. of Realtors bulletin that was first published by RealtyTrac. You can get a list of foreclosure homes alot of places to get a great deal. I would not recommend RealtyTrac even though they are the largest companyselling listings. ( They are wayyyyyyy outdated and properties have been either reaffirmed with the bank, sold or short saled by investors)
The bottom line is, Maricopa seems to be a great place to live and there are many homes that are reasonably priced due to the market going down. It can't go down much further......so if you get in now, ride the wave and get on board.....make some money...and live peacefully ever after in a nice neighorhood. | | | |
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rex
Posts:295
| | 08/16/2007 8:25 PM |
Alert | Posted By Fritzydoodle on 08/15/2007 6:48 PM
So leave!
I've about had it with people complaining about Maricopa. It _was_ a wonderful town before it became known for cheap land and big houses. Now we have a population of 30,000 with way too many whinners. You knew what was here before you bought your house. Or you should have. If you didn't - that is your stupidity.
People are spending more time complaining about what the town lacks than doing something constructive to add to the community.
Personally, I like Maricopa. I'm not complaining about all the crap and baggage of all of you newbies who want everything available in Phoenix. If you miss Phoenix so much - feel free to leave at any time. Oh wait - you paid too much for your house and are stuck here. Make the best of it!
If you think SR347 is bad - you should have been here when it was a two lane road. Or better yet - one lane when they were building the road everyone is complaining about. We had 16 miles of pilot cars on one lane of road during the almost one year of construction. We survived.
You're sick and tired of people complaining about Maricopa but not sick and tired of people complaining about the Maricopa Post Office? | | | |
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Fritzydoodle
Posts:979
| | 08/17/2007 10:28 AM |
Alert | | No the post office you may continue to flame. The rest of the city is off-limits - I'd add an emoticon but they're not working and I hate looking at the html gibberish! | |
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OBG II
Posts:553
| | 08/17/2007 10:37 AM |
Alert | | So perhaps the ex firemen could get a job at the Post Office. They are always looking for motor carriers to fubar the mail delivery at 13 an hour. | |
Some people will do anything to get elected!
IMPALIN' THE LEFT | |
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demonica
Posts:850
| | 08/17/2007 11:08 AM |
Alert | | add me to the list of love the town, hate the post office. but seeing as how the post office is a federal entity, i do not feel the least bit hypocritical! | | | |
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06woman
Posts:356
| | 08/17/2007 4:54 PM |
Alert | | I knew what I was getting into when i moved out here. Now that I've been here for over 3 years, I have decided that i don't want to stay. It WAS nice out here. I like some things about this place, but seriously, I'm tired of the commute. Now, my circumstances have changed and I have the opportunity to leave in 9.5 months, so I AM! | |
"Happiness is a journey...not a destination."
"The highest form of ignorance is to reject something you know nothing about." -
Dr. Wayne W. Dyer
This is my son and a Lake Erie sunset. July 8,2007
Senior Member
Posts: 2268
Joined: May 2006 | |
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