Why are homes in Phoenix Arizona so cheap?

April 122010

Me and my husband are thinking about moving to a warmer state. We currently live in Colorado and the winters are really tough. We have really enjoyed Arizona and want to consider moving there. We have found houses for around $70,000 that are exactly what were are looking for. My question I guess is what is the catch? In Colorado, $70,000 will barely buy you the lot for your house. Do they have cheaper homes because they have high HOA fees or do they high taxes? We are excited about the prices of the homes and just don’t want to get our hopes up if we find out that we really could not afford them.
Thanks!

Phoenix was especially hard hit by the housing collapse. Take a long weekend and go look at houses. Perception and reality may not exactly match up.

4 Responses

  1. Gerald69 Says:

    cus is sofaking hot their.
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  2. Tias Says:

    because Steve Nash lives there duh!!!

    CAPTAIN CANADA
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  3. GARY H Says:

    Phoenix was especially hard hit by the housing collapse. Take a long weekend and go look at houses. Perception and reality may not exactly match up.
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  4. Mr J Man Says:

    I think the mexican gangs are a problem too. Just like Detroit, the homes there are like $50,000 but that is mainly due to jobs methinks. I live/work on the internet so I could live anywhere. I am currently in Nashville and the weather is really nice and my nice 2007 1600 sq ft home was only $93,000 and it looks brand new.
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