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Here Comes The Real Estate Boom

Posted by: David Gest

13 March 2006 - 6:00am

Gila Bend, 60 miles from downtown Phoenix, doesn't have much of anything -- except low real estate prices, which could mean it could get a lot more real soon.

"You'd think that the great real estate boom engulfing the Phoenix metropolitan area would bypass the dusty, decrepit town of Gila Bend.

The main drag bisecting this wayside of about 2,000 folks 60 miles southwest of downtown Phoenix is littered with crumbling commercial buildings, abandoned motor inns, half a dozen service stations and a couple of tire-repair joints."

"...it's only a matter of time before Gila Bend is enmeshed in Arizona's real estate juggernaut. Speculators fronted by their Phoenix powerhouse law firms are beginning to move in.

They are coming for one reason: Gila Bend, at the crossroads of State Highway 85 and Interstate 8, has astoundingly low real estate prices compared to the rest of the county."

Full Story: Gila Bound
Source: Phoenix New Times, March 9, 2006
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These practices are also inequitable since they force non-drivers to subsidize parking costs, reduce travel options for non-drivers, and reduce housing affordability.
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