Letter: Home values

Editor:

The most valuable part of your Prescott home is your location. The garden spot of Arizona.

That’s why the hundreds of new development homes, each year, are eating away part of the value of your home. Our city council likes to annex land in the county for developers so our town can “develop and grow.” The coming Deep Well development, the fast growing Dells development, and the multiplying Prescott Lakes area build out will make Prescott’s population and traffic soar. This development seems to be without the council’s concern for water, expensive infrastructure (sewer, utilities, roads and city staff) or the effect on the value of our existing homes. If you’ve read that housing values in the U.S. are growing at 6 percent a year, don’t bank on it in Prescott or Prescott Valley—in spite of our premium location. So keep this in mind, the next time the city council wants to annex more ranch land, it may not be in your best interest.

Quentin David, Prescott