Recession Proof? Upscale vs Modest Neighborhood

[Herwin G.]

Hi team - wife and I are evaluating homes for our personal residence in Phoenix / Scottsdale. We're concerned about the market being too hot, but it'll still be cheaper to own vs rent. We're looking at homes in two areas - which of the two do you think would fare better in case a downturn materialized?

1) Modest Neighborhood - newer homes (2000), 3/2  plus den, 2100 sq ft, single story. Nice pocket (6 out of 10), 10 minutes to nearest shopping center. Lowly rated public schools, but highly rated charter schools close by. Prices around $310k. (Eagle Summit, 85024, AZ)

2) Upscale Neighborhood - older homes (1987), 4/2.5, 2100 sq ft, two stories. Upscale pocket (8 out of 10), 5 minutes to nearest shopping center, and 10 minutes to another upscale shopping center. Highly rated public schools. Prices around $430k. (Arabian Views / Original Desert Ridge, 85254, AZ)

What area would you choose? or what else would you want to know before deciding?

Thank you in advance!