Stuck in Phoenix, the epicenter of housing crisis - Outside the Box - MarketWatch
I live in this lava pit called Metro Phoenix.
There are many shadow foreclosures lurking in the abyss.
Empty houses are every where.
They have been empty for a long time.
The Banksters are keeping them off the books.
For each house sold, two more are being vacated.
Investors from Canada are in on the rental market boom now.
Commercial real estate is/has been at a stand still.
Too many empty stores with no takers.
Housing projects that have the model homes up from the boom years are now visited by coyotes, and rats.
Phoenix has now told the restaurant industry that they will have to police their own cleanliness.
We can not afford health inspectors for the restaurants.
No jobs means no growth.
And there are no new significant amount of jobs on the horizon.
It will be 110 degrees today.
But like they say "at least it is dry heat". LOL
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