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SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
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<blockquote data-quote="Blown 89" data-source="post: 16706106" data-attributes="member: 45161"><p>Phoenix has a lot to worry about. Housing has outpaced salary growth and inflation by a massive margin for some time now. The statistics are deceptive because of Phoenix metro's huge size but it's pushing much of the population into poverty. 20% of all home sales are also rental investors and I know from first hand knowledge that large investment firms are preparing to scale in on another housing crash. </p><p></p><p>None of our infrastructure is set up to handle this growth. Neither are our natural spaces. The show Yellowstone is basically what's happening to Phoenix. 83% of Arizona is public parks or forest and it's impossible to enjoy anymore. Any hiking trail, lake, stream, campground, or federal park is overrun and often wrecked by people.</p><p></p><p>I grew up here and watching this city and the surrounding cities turn into urban shitholes is depressing. Phoenix is a ****ing mess.</p></blockquote><p></p>
[QUOTE="Blown 89, post: 16706106, member: 45161"] Phoenix has a lot to worry about. Housing has outpaced salary growth and inflation by a massive margin for some time now. The statistics are deceptive because of Phoenix metro's huge size but it's pushing much of the population into poverty. 20% of all home sales are also rental investors and I know from first hand knowledge that large investment firms are preparing to scale in on another housing crash. None of our infrastructure is set up to handle this growth. Neither are our natural spaces. The show Yellowstone is basically what's happening to Phoenix. 83% of Arizona is public parks or forest and it's impossible to enjoy anymore. Any hiking trail, lake, stream, campground, or federal park is overrun and often wrecked by people. I grew up here and watching this city and the surrounding cities turn into urban shitholes is depressing. Phoenix is a ****ing mess. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
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