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Where i'm at right now it is insane. It is about $700K for a middle of the road home here in North Phoenix. That's a $160K down payment when the average salary in this state is about $80K lol.

What's weird is prices are staying high/becoming elevated.

Isn't it like 115 degrees out there as well? Crazy...

No incentive to bring prices down when everyone uses housing as their main investment vehicle. I guess prices will come down eventually with population collapse.

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Phoenix was volatile in 2008 and 2012

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