WILL OWNING FLAGSTAFF REAL ESTATE MAKE SENSE IN 30 YEARS?

WILL OWNING FLAGSTAFF REAL ESTATE MAKE SENSE IN 30 YEARS?

“It’s quite possible that the next decade might bear a resemblance to the 1960s or ‘70s.
Homeowners did very well if they bought in 1960 or 1970, locked in low fixed-rate mortgages and saw the nominal values of their homes soar while their real mortgage balances declined.
This could be an auspicious time to buy a house for people who aren’t out to bet on the housing or mortgage markets but are instead, focused on settling into a home for the long term.”

Robert Schiller
NY Times 4/20/2013