Quote:
Originally posted by Joeaksa
Just the way I feel but my house has gone from $205k to over $500k value in 5-6 years. Hard to beat an investment like that.
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Yeah, but Phoenix is high on the list of overpriced markets that are likely to suffer several years worth of declining prices. We've been discussing selling our house and renting for a few years. Invested conservatively, the money from the sale would cover rent on a similar or possibly larger house. After prices bottom we could buy the larger house.