For years, we’ve talked about how much it can cost to live in outlying areas. Yeah, the homes may be less money if you are willing to drive further, but the overall cost of ownership in relation to time, fuel, and car maintenance can be a huge factor in determining the quality of life for many people. Obviously, there are different strokes for different folks but… many of the folks we talk to are looking to spend less time commuting and more time doing just about anything else.
An article in today’s paper is titled: “Housing market shifts back to metro Phoenix’s core.”
While the experts that wrote the article and shot the video seem to think this is a new trend, many of us know that “location, location, location” has been a great idea for a very long time. The article talks of new infill projects that are happening in many areas and the demand for newer homes. While I agree that people like new homes, I think part of the demand for infill comes from a shortage of homes in great locations. Heck, historic homes are in huge demand, older homes that have been updated are in huge demand, and low-maintenance condos / lofts are in huge demand as long as they are located near fun, near entertainment, near restaurants, near the arts communities, near transit, close to the airport and more.
While the article talks of many areas, living near our light rail line is mentioned as one of the areas of interest. For convenience and cost of ownership, it just makes $ense.