Is Scottsdale house poor?

[Howie Fischer seems to be dabbling in Arizona real estate... journalism. I thought politics was his beat.]

Phoenicians love to tease us Scottsdale folks with “Snottsdale” quips. This article shows that we are but a simple, (house) poor people.

Around the East Valley, it appears that Scottsdale home buyers are the ones most likely to stretch their dollars. There, nearly 22 percent of those with mortgages were paying at least 40 percent [of household income].

Mesa followed at 19.7 percent, with 17.9 percent of Tempe homeowners paying that much each month. In Gilbert, the figure was 16.5 percent.

Don’t cry for me Tempe.

September 12, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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