Liar Loan said:
Inventory is still low by historical standards, but it's rapidly increasing at the moment. Earlier this year, inventory was down -30% from a year ago, now it's up +9% and growing at an accelerating rate.
It would help matters if the area you live in have job growth, like um, new jobs from companies moving to the area and building new offices and factories.
https://www.census.gov/newsroom/press-releases/2022/fastest-growing-cities-population-estimates.html
Where are the cities growing? Well in AZ they are cities that have jobs coming.
So when you yap on about phoenix being boom and bust, take a look at how far apart all those cities are on the list from each other and what kinds of jobs are coming. The area has land to build and workers are coming, like they did to the OC in the early 60's.
Remember when the OC had bad recessions from aerospace? Of course not, because u weren't here then most likely but the So Cal area was heavily dependent on aerospace and as boeing, mc donald douglas, northrup went, so went the area. (Entertainment was not that big then).
Remember when Texas was dependent on oil drilling? Boom and bust as J.R. Ewing knew but what did Texas do? Same as So Cal, they got new biz. In came Dell and broadband companies and EVs. No longer dependent on one thing, they will weather the storm more than they did in the past.
So goes Phoenix. The boom and bust u like to yap about, is less likely. Sure if a recession comes, most areas will go too but Phoenix ain't Goodyear, Maricopa City, Casa Grande, Queen Creek or Buckeye so please don't refer to AZ as some big blanket yada yada any more and Phoenix ain't growing quickly. There isn't a lot of land there, same with established areas like Gilbert, Chandler and Tempe. Obviously not on the list are areas u like to go on about having a downturn like Kingman and Prescott. LOL! No job growth there.
Imagine u have cities that are bringing in manufacturing plants and offices with high paying jobs that each have 2000-3000 jobs and there are more than one to cities that have 75000 people living in them? Smaller offices join in and then you've got retail establishments and schools being built, etc? U have to build houses for them! WHY do you think people are moving to those areas? LOL! There is honestly more than just low current inventory that is an issue in cities like that.
And why are they going to THOSE cities and not yours? LAND, housing that doesn't cost 800/sq foot, less regulations and taxes. We can't wait around a lifetime to get these things built which is one reason Elon left the beautiful state of California for Texas.
U want the OC to keep the housing thing going. Get more jobs. Just low inventory ain't gonna work forever.
Actually it's better to not have more people here. U don't have enough water and when u stop watering the OC will look like it did when I moved here......... brown except where farmland was irrigated. Trees are going to be dried up kindling without watering. This area has always had a problem. Mayor Bradley (Los Angeles) told us Yellow is Mellow, Brown Flush it down and that was in the 70's when we didn't have enough water with half the population. So what does the state do? Conserve, Cut Back! PLEASE! We voted in no less than 8 bonds to deal with water shortage and what do we have to show for it? NOTHING! All these years we did nothing but increase the population.
There's also bed (we ordered the frames, but need shop mattress tomorrow) and washer/dryer to buy. And we're going to buy a mini fridge until the Sub-zero arrives, supposedly on July 1st.
