The real estate market has gone nuts lately I saw this article
http://news.yahoo.com/s/ap/20071006/ap_on_re_us/leaving_homes;_ylt=A0WTcUWYIghHYlwB.hKs0NUE QUEEN CREEK, Ariz. - Out on Phoenix's suburban fringes, where cement mixers are fast colonizing what's left of the hay and cotton fields, the day is winding to a close. The home hour has arrived.
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But sundown gives away a troubling secret: Behind dark windows and many unanswered doors, it's clear nobody is coming home.
The ranch home on Via del Palo where the newspaper in the driveway has been sitting unclaimed since April. The house at the corner of 223rd Court with faded fliers stuck in the door. The two-story on Via del Rancho with the phone book on the step.
One of my neighbors fell for these shitty loans, refinancing it all at top market value now it's for sale. I don't know how long they will hold out too bad they were more pleasant than most of my other neighbors. Now they have commercials on that if your eligible you can get fixed rate loans that are government backed to get out of adjustable rate ones. The thing is most of the people who are really screwed probably are not. In the add the credit the new loans to Bush. Wow something else that's useless. All you hear about in the financials is how the loan companies are suffering well they made the mess and fucked not only themselves but lots of people who just wanted to own something of their own fucking bastards
