Zillow Advice RSS: Question-Discussion-Guide,Local Topics,Scottsdale- AZ

Rent VS Buy.... Why buy in North Scottsdale?

Wed, 29 Aug 2007 02:17:00 GMT

I'm a long-time homeowner who recently moved to the area. I was amazed to see that prices are so completely out of whack as compared to rents. When I started looking in my current neighborhood, there were 10 homes for rent, and the rent was less than half what it would cost to buy, when you factor in taxes and insurance. There are also 10 homes for sale in the same neighborhood, ranging from $300-450k. These homes were built in 1999 and sold then for $150-200k then...

Why would anyone buy a house here? I really like the area, however the math just doesn't work. Zillow says the zip code is 58% renters... did the other 42% buy before the bubble, or is that the percentage of people who flunked math class?

6 replies

What redevelopment is planned for this area?

Thu, 06 Mar 2008 07:31:00 GMT

Some of this area seems very seedy and yet there are pockets of nice looking homes.

3 replies

Rental in Winfield

Fri, 24 Aug 2007 17:46:00 GMT

2/BR, 2/BA, 2182 sf., Tons of amenities, Tennis, Fitness, Lap pool,Spa, Media Room, Cafe. Custom paint, Tile T/O. Also for Sale..
Call Barb @ 602-677-1727- Jonovich & Assoc. Realty

3 replies

I'm not able to get the maps with the homes or values any more. What's up?

Mon, 20 Apr 2009 21:34:00 GMT

4 replies

Check out the Scottsdale ArtWalk

Wed, 11 Jul 2007 17:51:00 GMT

Admission: Free

Times: Every Thursday, 7:00 p.m. to 9:00 p.m.

http://www.scottsdalegalleries.com/

Location: Downtown Scottsdale

Phone: 480-945-8475

Scottsdale ArtWalk is perfect for a casual evening with friends and family or for those searching for that special piece. Many special exhibitions, demonstrations and entertainment are offered each Thursday night from 7:00 p.m. to 9:00 p.m.

0 replies