While it may not seem like it at the moment, because of the slow but stable Phoenix real estate market, Phoenix is growing.  In fact the Phoenix growth numbers are staggering. 

Arizona has grown 600% from 1950.  An additional 1,000,000 residents made Arizona their home since 2000. 
Phoenix metro is now the 5th largest U.S. city and we now have 9 cities with a population of 100,000 or more.

Arizona is the 16th larges state in population and is headed to be in the top 10 within only 10 years. Most of this growth is concentrated in three counties, Maricopa, Pima and Pinal Counties.
The Dept. of Economic Security projects that we will pass the 10,000,000 threshold in 2028 and on 2055 there will be 13,300,000 people in Arizona. 

By 2050, Phoenix and Tucson will have merged! 2050 is far away but so is Tucson from Phoenix. 

For the next several decades Arizona will grow at least double the national average.  How does that sound for a long term investment strategy.  When investing time is your friend whether it is stocks or real estate.