A friend of mine owns a house in Phoenix proper. He wants to rent it for nearly his mortgage amount and purchase a bigger house in Scottsdale, intending to have his money in property investment as opposed to sitting in the bank. Help me give him facts that may support or prove inauspicious his idea... [more inside]
posted by blastrid on Feb 20, 2009 - 9 answers

With the housing market slowing, where are people "in the know" putting their money so that it generates income or equity for them? How did they find out? [more inside]
posted by salvia on Jan 5, 2007 - 19 answers

If you were a first-time homebuyer, would you buy a home right now? Specifically, would you buy in Chapel Hill, NC? [more inside]
posted by BackwardsCity on Mar 26, 2006 - 22 answers

I live in the Phoenix valley. Over the past three or four years, the value of real estate around here has grown tremendously... I have this friend (no, really), who's investing in real estate out here. The deal he's involved in is either very shrewd or very shady and I'd like to know what you think. [more inside]
posted by anonymous on Sep 5, 2005 - 7 answers