Yep, it’s official. The Valley is becoming a new ghost town, with a vacancy rate of 19%.
The Forbes list officially calls the area Phoenix/Mesa/Scottsdale. Topping the list at #1 is scum-town Las Vegas, Nevada. Although having lived in both places, I can say with confidence that Scottsdale has far more shysters and con men than Las Vegas ever will!
Whoa! I always knew McDowell Mountain Ranch was full of fakes and phonies, and it has gained the notorious nickname of ‘Wisteria Lane’ due to all the cougars living there, but now I’ve learned that there are over 100 active foreclosures in McDowell Mountain Ranch!
Then again, this shouldn’t come as any surprise. As early as 2001, I went to a party in someone’s house there, and could immediately see that the guy was your typical Scottsdale fake jackass, as were most of the guests in attendance. Read more
No surprise here – according to this new article in the Phoenix Business Journal, Arizona ranks #2 in the nation behind only white-trash subprime Nevada in foreclosure filings.
This, of course, is no big surprise to anyone who knows the facts about the fake Arizona – and especially Scottsdale – economy over the last 7-10 years.
Arizona, and the Scottsdale area in particular, are full of people who “bought” homes on no-doc, no-money-down, no-credit-check toxic loans. They were thrilled to get in on an interest-only loan making small payments, but now that those payments are doubling and tripling, the Scottsdale phonies are getting thrown out on their asses, where they belong. Read more