Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News

Metro Phoenix second-worst place to retire

Metro Phoenix has been deemed the second-worst retirement location in the U.S.

According to David Roth of The Fiscal Times, the greater Phoenix area is a rotting place for retirees due to a housing market that has approximately 40 percent of mortgages "underwater."

"It was dramatically overbuilt during the real-estate boom, and the massive inventory glut that followed cut the bottom out of home values across the state. In 2006, Arizona's median home value was $270,000; in 2010, it was $143,000."

Roth's article went on to rank Lake Las Vegas, Nev., as the worst place to retire with Davenport, Fla., Orange County, Calif., and Clark County, Nev., closely behind.

World Class Arizona

  • Dignity Health World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

About the Author


KTAR.com is the online home of KTAR News on 92.3 FM, the Voice of Arizona. We're your source for breaking news, traffic, weather and the stories that matter to you.

Comments

comments powered by Disqus
Latest News