Since we recently published the Time magazine "goo goo for housing" cover, and the Century 21 "Suzanne" commercial, I thought I'd hit for the trifecta and remind HP'ers of the stupidest realtor we've ever seen, and his now-hilarious 21 reasons why the Phoenix housing market wouldn't crash.
The chart above is for all of Phoenix (Maricopa County) c/o zillow.com. F*ck that's ugly, and it's gonna get worse. I guess the good news is the golf might get cheaper...
Damn, I pity that clueless realtor's clients. If he has any. They likely lost everything by now, all because they listened to a realtor who had no idea what he was talking about, except for his commission.
Here's reasons #20 and #21 - you'll have to google to find the rest. And please feel free to add to the "21 Reasons the Phoenix Housing Crash Will Be Historic" list.
20. A significant number of active and retired professional athletes maintain homes here, in no small part because the Phoenix/Scottsdale area has… 21. Year-around golf.