Jay Butler of the WP Carey School for Business at ASU has just published a report that 2009 saw a record number of home foreclosures, since Arizona became a state and records were being kept. (link here to the story). He predicts the trend will continue, and 2010 may rival 2009 (link here). Awesome, for being 50% underwater, living on the far side of town away from work, drinking establishments, museums, symphonies, and delicious restaurants. But we ARE close to Cricket Pavilion concerts (1 mile, stumbling distance).
Timing & location are everything, in real estate. Oh well.
1 year ago