Public Comments | Public Comments for Flagstaff Real Estate and Community News Blogsite | |
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| | May 05, 2008 | Comment about: Flagstaff Real Estate Market Report | | Interesting assertion -- and comparison to D.C. | I'm not at all familiar with the D.C. market, but I'm stunned that it would not be more expensive than Flagstaff. Were you commuting from rural VA or Maryland? What do you base your "20%" on? I would say it's fairly safe to assume prices will not begin to go up again until 2009, so sitting for now is probably ok; however, I do not expect a 20% drop over the next year. Meanwhile, you lose the tax benefits of home ownership -- if you have income to offset those available deductions. I suggest you find a real estate agent who is expert in the Flagstaff market to assist you in evaluating our market relative to your needs. Ann | | |
| | May 05, 2008 | Comment about: Flagstaff Real Estate Market Report | | Flagstaff homes are consistently about 20 percent overpriced at present. We've been looking to find a home here for over a month, now. Prices have dropped slightly, but still all of the homes we've liked so far we've had to pass up because they are so obscenely overpriced. We sold our house in the Washington, DC, area for a very good price before moving here (we got lucky), yet we cannot afford a comparable house in Flagstaff. When Flagstaff prices drop another 20 percent, Flagstaff will be somewhat competitive again. Until then, we're sitting on our money and waiting. I suspect we're not the only ones.
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