Long term holding in Tucson
Hello everyone! I was wondering if Tucson,AZ would be a good place to buy property and hold on to it. Would it be a good investment 10-20 years from now and will there be any appreciation within that time zone in the area?
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Tucson has a 30 year trend of 4% annual appreciation. That has significantly outperformed the last 2 years but no reason to believe that WORSE case is that it returns back to those levels. With continued migration out of California, amazing weather, strong economy based on a huge retirement community, aerospace, a public university that includes huge medical training and a large biotech startup community, all signs point to another 30 year positive appreciation cycle.