Ahh, this couldn’t have been scripted any better. First the credit cards were maxed out, and no one could get a limit increase. Then the HELOC money dried up – you know, the money the Scottsdale “elite” have been living on all along – and things slowed even more. And then the no-down, no-income-verification, no-credit-check option-arm loans began to reset, and Scottsdale and it’s $39,150 median income just couldn’t pay anymore.
Let’s see here… in the short time I haven’t been actively posting, Scottsdale has further solidified it’s position as America’s Worst City. Here are just a few examples:
- A snowbird couple who have been spending winters in Scottsdale for years were robbed at gunpoint, in broad daylight, in plain sight, in front of Arcadia Farms in old town Scottsdale. They immediately left and stated that they’d never return to Scottsdale again. Nice going, Scottsdale Police, for failing to patrol while obsessing about traffic ticket revenues instead. Now you’re running people out of town with your incompetence. Read more