Markets crashing that will be good investments next year?

[Terry Landon]

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[Scott E.]

To answer the question in your subject line, I'm going with Scottsdale (yes I'm biased, I live here lol).

Prices skyrocketed around Scottsdale after the pandemic, and they have plummeted around here over the past ~8 months or so. That is pretty common to see more dramatic price swings in this region.

But I'm looking at the fundamentals as to why prices went up so much in Scottsdale to begin with. And I'm paying attention to all of the things that you should be looking at when picking a sub market - Job growth, migration data, inventory, permits issued, weather, etc. And all of those fundamentals for Scottsdale are still very strong.

So all that being said, I think there currently is and will continue to be a lot of deals/opportunities around Scottsdale for the next couple of quarters at least. Then a rebound afterwards.

(Disclaimer - I have no idea what I'm talking about. Nobody has a crystal ball. This is just how I feel about the situation.)