Phoenix metro is one of the top 10 metro areas with the largest home price appreciation and rate of return. Housing wealth accumulation is built up by paying off mortgage debt and by price appreciation. It takes time, but nationally, a person who purchased a typical home 30 years ago would have typically gained about $283,000. And the ownership of a primary residence typically accounts for 90% of a household’s total wealth. So buy in the Phoenix metro area and don’t rent if you want to build wealth over time.