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@ El Guiri
2025-05-06 22:38:08
There are certainly signs. Is that expensive for Phoenix? In Costa Rica it’s multiplied by post Covid. We had a wave of what I call “millionaire refugees” coming here from USA and Canada just buying everything up so it kind of multiplied the speculative boom. I move here in 2018 as wanted out of Europe before 2020. Bought a plot for 45k usd which would now cost 200k. Absolutely nuts and totally pricing local people out of markets. The rentals have gone really stupid and I have heard of multi unit properties now vacant with owners still holding their prices at 1600usd per month for 2 bedroom place. Nuts. Average wages here are around 1200/ month