How stupid do these fools think people are? How do they sleep at night? Don't they think they might earn business being honest, vs. always trying to deceive? And why, oh why, is 'realtor' still a profession? Here's a selection of dribble today from realtytimes:
"The hot real estate market for investors is the 20 mile 1.2 billion dollar light rail system being built in central Phoenix. This project presents great investment opportunities"
"Phoenix metro area is continuing to see strong employment and population growth. A vibrant economy, good business climate and high standards of living continues to attract business, high paying jobs..."
"Phoenix during 2004 was $247,885 up 33% over 2004 through December. From the historical perspective we continue to have a good market place with low interest rates helping keep the market good."
"The housing market is still strong. Sales from the first quarter were up from last years record breaking pace and prices have climbed more than 40 percent in the past year"
"Mesa/Phoenix was the number one appreciation area in the US in 2005 with 34% average appreciation for single family detached homes. So you think the bubble has burst or may soon...not to worry"
"Phoenix is a great real estate value right now for this reason: The run up experienced last year has calmed significantly, but the popularity of Phoenix as a destination for flood-, hurricane-, blizzard-, earthquake-weary transplants isn't waning"
"Phoenix is attracting the largest amount of new residents in the US: 30,000 "new neighbors" in just one year! Climate and job opportunities are two of the biggest lures to Phoenix and why more and more people are willing to move their homes to "The Valley of the Sun"."
"Currently, there is very strong buyer demand for homes priced from $350,000 to $950,000 throughout the entire Phoenix metro area"
although there are some lone voices in the wilderness, soon to be killed by their flock:
"Approaching 36,000 homes for sale, including single family, condos, and town homes, and with interest rates steadily rising, this market has done a complete 180!"
May 10, 2006
Phoenix realtors report great local market conditions
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http://www.msnbc.msn.com/id/12680174/
WASHINGTON - Nearly half of the nation's children under 5 are racial or ethnic minorities, and the percentage is increasing mainly because the Hispanic population is growing so rapidly, according to a census report released today.
Hispanics are the nation's largest and fastest-growing minority group. They accounted for 49 percent of the country's growth from 2004 to 2005, the report shows. And the increase in young children is largely a Hispanic story, driving 70 percent of the growth in children younger than 5. Forty-five percent of U.S. children younger than 5 are minorities.
The new numbers offer a preview of demographic shifts to come, with broad implications for the nation's schools, workforce and Social Security.
"Phoenix is a great real estate value right now for this reason: The run up experienced last year has calmed significantly, but the popularity of Phoenix as a destination for flood-, hurricane-, blizzard-, earthquake-weary transplants isn't waning"
A housing market based/measured on natural disasters? How desperate do you have to be to use those indicators? Forget foreclosures, interest rates, inventory, and demand “it’s hurricane season, the market can only go up up up!”
There is an ad on radio here in Los Angeles for a $10,000 loan with only a signature. No collateral needed.
The cash cow still lives!
Your signature is your personal guarantee of repayment. You can never bankrupt this loan. Many people took this type of loan unknowingly to buy overpriced houses. Bankers arent stupid!
Phoenix has low paying jobs, its hotter than hell, crapboxes are piling up on top of each other, the 10 is more clogged than a Shack toilet! At the current rate they will have 100k unwanted, not needed homes by the end of the year, just in time for the recession, slashing prices and leaving people under hot boiling water.
I wouldn't bank of Phoenix as refuge. While it is great for some people, many don't like the extreme heat. Many people I know are heading home to the prairies, despite the threat of tornados in some of those areas.
The 2006 Q1 Stats from the NJ Association of Realtors haven't been released yet. I wonder how badly they will bend the truth.
"Phoenix is attracting the largest amount of new residents in the US: 30,000 "new neighbors" in just one year!"
How many are illegals? How many are buying the overpriced sh*tboxes?
What is in PHX that would make a sane person want to live there?
Original anon on hispanic population, Americans seem to believe the world starts and ends here. The truth of the matter is that Latino/Hispanic for those of you who don't know the differece will eventually rule the world. Thank your lucky stars that the Chinese are down to 1 child per family! The latinos will only make you dance to reggaeton. hehehehe
Mexicans in California have to get a judge to throw out the super-dumbed-down testing just to get a diploma.
I guess they can brag that they "graduated with injunction!"
Autofix... been to South Florida recently?
Interesting, I like the no hurricanes play. It leads to a more important point about PHX- theres NO WATER. Water will be the 21st century's oil. Countries will start wars over it. Bet on it.
Keith and HPers,
Check out this article.
http://www.nytimes.com/2006/05/09/business/09home.html?pagewanted=1&_r=1
Here's a clip:
A house at 57 Marina Boulevard in San Rafael, across the bay from San Francisco, was originally listed at $1.45 million. The owner recently dropped the price to $949,000 when a competing house on the same street lowered its price to $959,000, from $989,000. In Marin County, the prices of about a quarter of all listings have been reduced. County records show that 57 Marina Boulevard was sold in February for $700,000, so the owner, Dan Marr, is unlikely to lose money even at the lower price, though he may not make as much as he had hoped. "I don't want to talk about it," he said.
I love it.
Mexicans, Mexicans, Mexicans! They are not the only Latin/Hispanic people in the world much less in the U.S.
And you would be surprised how many Latin "Americans" there are in this country. You can't tell them apart and your ignorance is obvious. I'm just one of european descent (Spain). My hard working well off blue eyed blond brother married a 3rd generation brilliant Mexican girl. My gorgeous blonde, green eyed sister married a man from Equador who is half Chinese. (I bet you think all people from Equador are also darnk skinned). Then there is my other sister who married a 4th generation Puerto Rican. They have the most beautiful brown skinned, blue eyed girl.
BooHoo! I can go on as I have an extremely large extended family.
Their children are Americans. Their parents were either born here or immigrated one way or another.
They all have higher education degrees.
You are all being played like a banjo. Keep focusing on the Mexicans those dirty bastards that keep sneaking in and taking those lettuce picking jobs your children and future grandchildren would die for.
A very myopic view of the reality of Latinos in America.
(and yes, we all vote)
It's really funny how your adjectives of "gorgeous" and "beautiful" are never used in reference to a black-haired, brown-eyed, dark skinned person. -- autofx in phx
That may be true... but what's even funnier is that black-haired, brown-eyed, and dark skin was apparently the ideal for anon's three siblings. None of the three married white people.
"When I see Mexican immigrants (legal or illegal) getting educations en masse, running large corporations, etc., I'll start to worry.
Ain't happenin' any time soon."
Pal, it may not be happening in MASSES but its happening. I am Latino, college graduated, working in IT. All my circle of friends is composed of Engineers, Teachers, Finance, Drs, Medical Fields,etc.. And guess what? There are more of us moving up in the ranks. Our parents may have come here and worked blue collar labor jobs but we are not.Its going to get better. Cheers!
Anon from last post again...
1 more thing..all my American friends of Mexican decent not only are all professionals..WE ALL OWN HOUSES. SOme more than 1 (yours truly) Just thought I would keep this discussion back on track to the bubble.
I know this is a joke, but then so is the main stream media.
http://www.theonion.com/content/node/47978
Illegal Immigrants Returning To Mexico For American Jobs
May 3, 2006 | Issue 42•18
MEXICO CITY—As dozens of major American corporations continue to move their manufacturing operations to Mexico, waves of job-seeking Mexican immigrants to the United States have begun making the deadly journey back across the border in search of better-paying Mexican-based American jobs.
"I came to this country seeking the job I sought when I first left this country," said Anuncio Reyes, 22, an undocumented worker who recrossed the U.S. border into Mexico last month, three years after leaving Mexico for the United States to work as an agricultural day laborer. "I spent everything I had to get back here. Yes, it was dangerous, and I miss my home. But as much as I love America, I have to go where the best American jobs are."
Reyes now works as a spot-welder on the assembly line of a Maytag large-appliance plant and earns $22 a day, most of which he sends back to his family in the U.S., who in turn send a portion of that back to the original family they left in Mexico. Like many former Mexican-Americans forced by circumstance to become American-Mexicans, Reyes dreams of one day bringing his relatives to Mexico so that they, too, may secure American employment in Mexico.
Despite the considerable risk illegal immigrants face in returning across the border, many find the lure of large U.S. factory salaries hard to resist—at 15 percent of the pay of corresponding jobs in America, these positions pay three times what Mexican jobs do.
Still, the danger is very real. When 31-year-old illegal Arizona resident Ignacio Jimenez sought employment at an American plant in Mexico, he was shot at by Mexican border guards as he attempted to illegally enter the country of his citizenship, pursued by U.S. immigration officials who thought he might be entering the country illegally, and fired upon again by a second group of U.S. Border Patrol agents charged with keeping valuable table-busing and food-delivery personnel inside American borders.
"It was a nightmare," Jimenez said. "Many became disoriented and panicked, and some were mixed in with immigrants going the other way across the Rio Grande and ended up swimming to the wrong country."
He added: "My cousin almost drowned. They fished him out and sent him back to wash dishes at T.G.I. Friday's."
Many say the trip across the border as illegal Mexican-American emigrants offers them a chance to land the American jobs in Mexico they never have been able to get as illegal Mexican-American immigrants in the U.S.
"It has always been my goal to have a good American job," Johnson Controls technician Camilla Torres, 27, said. "Many Mexicans now see Mexico as the land of opportunity. Mexicans will not stop trying to get here, no matter how much the Mexicans wish we would not."
Indeed, the trend of illegal re-emigration is causing great resentment among the local Mexican population, and tension between Mexicans and illegally re-entered Mexicans—dubbed repatriados—continues to build.
"I hate these Mexicans, always coming back here to Mexico from America and taking American jobs from the Mexicans who stayed in Mexico," said 55-year-old former Goodyear factory manager Juan-Miguel Diaz, who lost his job to a better-trained repatriado last March. "Why don't they go back to where they went to?"
Still, Jimenez, Reyes, and hundreds of others say they have no choice.
"The American Dream is alive and well in Mexico," Reyes said. "If I work hard, save my money, and plan well, I will be able to send my children to a good school—and who knows? If they study hard, perhaps they will get jobs someday at the new plant General Motors is building in China."
Autfx In PHX:
I think I agree with your facts but the point ANON made that things are definitely changing gradually. I just read an article that 1/2 of the recent poplation growth are Hispanic. More and more of them are college bound (at least most I know). Not all are from poor backgrounds. A lot are 2nd and 3rd generation. You are focusing on what the media shows you: the illegal who sells Oranges or criminal. Most of the reaction I see is FEAR.
RE the Hispanics:
I think most people wouldn't mind being neighbors with a family of decent Hispanics, or any culture for that matter. I think its more of a class issue. Yes more and more Hispanics are home owners BUT they live 2-3 FAMILIES per home and 5-6 pice of shit cars (usually one constantly sits in need of repair) all over the street. That's what bothers me - the lower class people of ANY background will always turn a neighborhood to shit
A major electronics firm in Tempe recently reported that they can not find anyone who can pass their entry level exam to become a designer.
Out of 53 applicants who graduated from places like ITT or Devry no one passed the entry exam to get the job.
To bad they can't go and become real estate lenders or agents.
"Interesting, I like the no hurricanes play. It leads to a more important point about PHX- theres NO WATER. Water will be the 21st century's oil. Countries will start wars over it. Bet on it."
Israel and Jordan already did.
If Mexico had a real army they would have done so over the Colorado river.
I have a nice 1+ AC pond in my 20 acre yard that is filled with runoff from 70 acres. Good for irrigation during dry summers.
"Yes more and more Hispanics are home owners BUT they live 2-3 FAMILIES per home and 5-6 pice of shit cars"
You are a tool. You believe all Latinos are like the criminal on 11pm news or the guy at Home Depot. I own 2 homes and only 1 generation of Latinos under my roof. Same goes for all my friends. I park my M5 and 2006 Cherokee in my garage not the yard.
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