According to a new big heap of Hype in mainstream media, and this new report from the chief cheerleader for expansion-at-any-price, Mike Sunnucks in The Phoenix Business Journal published a couple of days ago even bigger piles of more propaganda to promote more fast growth. That's in spite of new warning signs from more respectable sources that he uses and cherry-picks to promote more people moving to Maricopa County where we are having a crisis in affordable housing. Other recent reports urge more precaution as another boom-and-bust cycle in residential real estate development starts to pause.
More people moving to Maricopa County than anywhere in the U.S.
Maricopa County saw more people move to the area than any other county in the U.S. during the past five years.
The county saw 221,000 immigrants between 2012 and 2017, according to a new report from RentCafe.
That volume was by far the highest in the country, the report shows. . .
Among the appealing attributes for migrants looking for a new city to live in was Maricopa County's relatively low cost of living, especially home prices.
Out of the top 10 counties for net internal migration, Maricopa had the fourth-lowest average home price.
It's overly simple to say people are leaving California and coming to Arizona, but people are attracted to Maricopa County, said Mark Stapp, director of the center for real estate theory and practice at Arizona State University.
The key reasons Stapp said that people typically give for moving to Phoenix metro area are:
- climate
- amenities
- cost of living
- employment opportunities
"But Phoenix does have important advantages that in the long run should help resolve, or at least keep in check, affordability issues. These advantages include:
> a regulatory environment that is less onerous
> few constraints to future growth,
> relatively new transportation infrastructure,
> sufficient domestic water supply and
> available land that is easy to develop
Housing affordability remains Maricopa County's biggest strength, the report said.
Source: Phx Biz Journal