tag:blogger.com,1999:blog-18675105.post2916829167438044715..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Phoenix housing crash underway - follow the little blue line... where will it stop?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger70125tag:blogger.com,1999:blog-18675105.post-11686587160337665292007-06-06T17:21:00.000+01:002007-06-06T17:21:00.000+01:00Thanks. Can we have another real life example from...Thanks.<BR/> Can we have another real life example from someone? Counting mine, that's two true stories so far. Please, no pyramid schemes, no 'on paper' schemes, let's just keep it to what really happened. Even flip stories. If you TRULY flipped and won, and then reinvest until you lost it all, tell us. If you flipped until you're losing, tell us. No one knows you. It was nice to be able to think through my situation, maybe you'll find it pleasant also. [I wish I hadn't thought so hard, it's disappointing to find what I found] Maybe a mortgage holder will be truthfull and give us the details of why they think paying $1500 more than you can rent the same place for makes sense. It will in a lot of cases, we'd just like to see those cases. Things will swing to the other side of the fence when prices adjust and homeownership will again make more sense. We're interested in what's now and previous, not speculation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74750089142293242652007-06-06T15:45:00.000+01:002007-06-06T15:45:00.000+01:00Anonymous said... I love this blog. One day it's h...Anonymous said... <BR/>I love this blog. One day it's hyperinflation and buy gold. The next it's deflation, sell gold.<BR/>One day Hillary's the greatest thing since slice bread. The next day she's to be feared.<BR/><BR/>Liberalism is indeed a disease. <BR/><BR/><B><BR/>Is market fluctuation and taking profit liberal?</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55068352489330156452007-06-06T05:19:00.000+01:002007-06-06T05:19:00.000+01:00As a resident of Phoenix, I can tell you that ther...As a resident of Phoenix, I can tell you that there isn't 1 house that costs less than 1m that is worth living in out here. Not one I'd want to live in. <BR/><BR/>The 'nice' 5-600k new construction is packed tighter than sardines and the 3-400l 'not so good' areas are like ghettos. <BR/><BR/>I rent a 1m+ values 4 bedroom with a pool and large lot for 2.5k per month. (not a 1 bedroom) <BR/><BR/>To buy this house on a 30yr fixed would cost me 200k + 800k @6-7% - so i lose 1k a month in interest on the return id get off the down payment, 1 k a month in taxes + yard and pool & maintenance costs 500 a month + insurance 500 a month + 4.5k a month on the loan. Total cost to 'own' around 7500pcm.<BR/><BR/>So... I am up 5k a month if the market stays level and that will increase as the market goes down.<BR/><BR/>i.e. If it goes down by another 10% in the next year thats another 100k lost. So I'd be down a total of around 13k a month for the year.<BR/><BR/>I am not saying it always bad to buy a house, but that its a safer bet to rent at the moment as the trend is down so renting minimises your risk vs. buyng now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45786134647887888902007-06-06T00:54:00.000+01:002007-06-06T00:54:00.000+01:00anon 5;43;can you even begin to read and retain lo...anon 5;43;<BR/>can you even begin to read and retain long enough to type a retort? We're talking gross not net as net is based on too many variables but the gross is always the same, and if you think a grand a month is enough to cover insurance taxes, sewer [sewer is $71 monthly in my town], upkeep, paint, water, a/c, you're just plain ass goofy.<BR/>You use net as an arguement on one side and gross on the other as it's the only way it can even sound as foolish as it does. <BR/><BR/>Tell us how you're doing fool, I dare you. I double dog dare you to prove that owning a home free and clear is cheaper than renting if the interest rates are at 5%. So the best you can come up with is that if I rent and keep the money in the bank that I'll net Zero? Beats the hell out of the 6%loss I'll take on just paying the realtor.... <BR/>So let's say you live there with no maintanence at all, no sewer, no water, I'm sure it's a lovely home because of it. Tell me again how it would be bad to pay rent from your eternal $2500 per month and still have 500k in the bank. Nice try goof. We're ALL laughing at you. Now please, to make the picture we have of you complete, can you please address my grammar ans spelling? It's the last vestige [look it up] of a coward with no arguement. I hate people who spout. Live it, learn it, or shut up. And yes, it's ok to hate as long as it's well directed. I am not saying this to be combative, rude, disparaging, just want you to work it out and then check back in with us. I'll respect whatever you come up with if it concludes in fact. I can present the facts as I'm living it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90553639135866007412007-06-06T00:20:00.000+01:002007-06-06T00:20:00.000+01:00To anonymous 5:37 PMTo anyone of average intellige...To anonymous 5:37 PM<BR/><BR/>To anyone of average intelligence or better, they would have FIRST taken the time to read my whole post. Then they would know the point.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53674896880269377422007-06-05T21:50:00.000+01:002007-06-05T21:50:00.000+01:00Anonymous said...In reality, have renters ever won...<B>Anonymous said...</B><BR/><I>In reality, have renters ever won?</I><BR/>_____<BR/>Define "won".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13649904284834491182007-06-05T20:00:00.000+01:002007-06-05T20:00:00.000+01:00Where will Phoenix stop?My sense is that everythin...Where will Phoenix stop?<BR/><BR/>My sense is that everything is about 30-40% overvalued in Phoenix, Las Vegas, Southern California (call it the Greater SoCal market, since so much of the money in Nevada and Arizona is actually California money).<BR/><BR/>I wouldn't call a bottom (meaning not the point of lowest price and greatest opportunity, but the point where buying makes sense again) until prices are down at least another 20%.<BR/><BR/>The first wave of Alt-A and prime ARMs are just starting to re-set. Look for prices to move 6 months from now as the first wave of foreclosures hits the market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89192489403539032892007-06-05T19:44:00.000+01:002007-06-05T19:44:00.000+01:00Anonymous said...NEW Bubble about to BURST:Major R...Anonymous said...<BR/><BR/>NEW Bubble about to BURST:<BR/><BR/>Major Retailers announced a huge drop off in winter coat sales. This CRASH is expected to continue well into November, 2007.<BR/><BR/>Coat-whores are forecasting the declines to bottom out by September. Hah! who are they kidding? They're just in it to make a fast buck!!<BR/><BR/>I hate coat-whores so I never bought a coat. (Ok, I used to own a coat, but sold it back in 1999 cause coat prices were so high that I knew they would come down and I can buy two coats later). Now I rent my coat from some selfish coat owner and save so much money by paying less money to him that I can eat at BK twice a month! Hah!<BR/><BR/>Anyway, time for us to fight back against those evil money hungry, people hating, children eating coat-whores by flooding yahoo messanger boards with our "inside knowledge" of the Huge Coat Crash of 2007. Remember this folks, you will be telling your children about the huge coat crash of 2007!<BR/>Gotta go now. It's a bit cold in here.<BR/><BR/>June 05, 2007 12:00 AM <BR/>------------<BR/>OMG how pathetic, get a life realtwhore REIC trolls. Oh that's right you have no income now and only have time to try in vain to goad people into destroying their finances just so you can make a commission to keep up with your lexus payments!! FYI/NEWSFLASH, YOU'RE A LOOOOOSSSSERRRR!!! Go start doing something productive for society by flipping some burgers!!<BR/><BR/>By Anonymous, at June 05, 2007 10:43 AM <BR/><BR/>***********************************<BR/>LOL<BR/>Aw come-on, ya gotta find that funny. Unless you are renting and can't afford BK. Sorry man.<BR/>Anyway, I am a Realtor. Since I am successful I guess you would call me a REIC troll. I'm making more income this year than I did the last two years. I own a 7 year old car free and clear. I have 72% equity in my house, I should have it paid off in the next few years, then I'll be paying rent to myself.<BR/>I have a 98% client satisfaction rate, no client of mine has ever lost money on the sale of the house I helped them buy. I have lots of client testimonial letters thanking me for helping them through their transaction. Senior citizens needing to move out of a home they have loved and lived in for 40 years. Divorced mom's with handicapped kids who told me that they could not have sold their home without my help. First time home buyers hugging me for helping them into their first home that they never thought they could find (not at a teaser rate arm btw). Those are the clients that make me feel good about what I do.<BR/><BR/>I believe that every profession has good and bad. Even 10% of cops are probably bad. I've worked with bad realtors before, we probably got more than our 10% when the "rush" to buy real estate was on. I look forward to those people being out of the business in the next couple of years because they give it a bad light.<BR/>So, sorry to you realtor hating folks out there. Good realtors have got plenty of happy, satisfied, and thankful clients to make us happy with what we do.<BR/>The bad realtors - make them walk the plank !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81638180977377007312007-06-05T18:43:00.000+01:002007-06-05T18:43:00.000+01:00renting chumps, your $2500 a month is only worth $...renting chumps, your $2500 a month is only worth $1250 after the government is doen stealing. $1000 a month in taxes on a $500K home is yet another fantasy of yours. $200 is more like it, which is only $100 given the government doesn't steal the other $100. <BR/><BR/>So even assuming your numbers are right the net is only $1350.<BR/><BR/>Oh and with that $500K home free and clear I live in it. You pay $1500 in rent, wiping out your $1350 and then some.<BR/><BR/>You renting idiots constantly amaze me with your new math. I fear for the future if this is what publik skools are teaching.<BR/><BR/>Learn some basic math skills and try again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46939142912390410422007-06-05T18:37:00.000+01:002007-06-05T18:37:00.000+01:0005-2007 66 $248,000.00 04-2007 65 $339,000.00 03-2...05-2007 66 $248,000.00 <BR/>04-2007 65 $339,000.00 <BR/>03-2007 49 $308,000.00 <BR/>02-2007 37 $261,000.00 <BR/>01-2007 44 $414,000.00 <BR/>12-2006 59 $283,000.00 <BR/>11-2006 50 $338,000.00 <BR/>10-2006 77 $244,000.00 <BR/>09-2006 63 $301,000.00 <BR/>08-2006 55 $300,000.00 <BR/>07-2006 61 $295,000.00 <BR/>06-2006 64 $360,000.00 <BR/><BR/>----------------------------------<BR/><BR/>All this tell me is that the zip code is all over the place. You can't seriously think this data is at all meaningfull.<BR/><BR/>Unless you look at the number of sales which look very steady.<BR/><BR/>What the hell was your point again?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31550209679803933912007-06-05T17:27:00.000+01:002007-06-05T17:27:00.000+01:00Some illusidation for the math challenged flippers...Some illusidation for the math challenged flippers who think they succeeding;<BR/>$500,000CD at 5%apr is a savings account progrm that makes $2500 per month, forever. You can own a $500k home free and clear for the LOSS of this $2500 per month, and add another $1000 per month in taxes and upkeep, or you can rent the same house for $1500, maximum, [$1100 in my area] and have beautifull liquidity. As interest rates go up it costs me even more to own these homes free and clear. Dispute this if you're feeling exceptionally stupid.<BR/><BR/>Even free and clear, renting puts you $2500+ ahead per month. I'm living the prior, take my word for it, the American Dream is quite costly right now. I don't care enough about exact numbers to make it fit, but I can tell you everytime I look at the guest house I twitch. It costs me $1600+ per month to own it free and clear. But, I love it and won't get rid of it. I could be on heroin cheaper!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47165279822434478382007-06-05T17:03:00.000+01:002007-06-05T17:03:00.000+01:00We're not all renters here. Mortgages must be 2.5 ...We're not all renters here. Mortgages must be 2.5 times income or the mortgage will fail. Period. Therefore mortgages for any neighborhood must be 2.5 times income for that neighborhood. If you want more house, you have to put more down. There is no logical question to dispute this other than maybe 3 times income if you just love the ramen. Yes, I know some make big bucks and can afford a larger debt ratio, but let's keep the discussion to the real 97% of the people and not the select few.<BR/><BR/>I am one of those 5%CD people that are thought disparingly of. I've been doing it for years. I do not own a single stock and never have. I do not believe in 401ks because I plan on being in a higher income bracket at retirment so they do not work for me. I own two houses, side by side, free and clear. It costs me $3600 per month to own these homes free and clear because I don't have that money in the bank earning that 5%. I can afford the loss. Because of the 5% I've been doing for years, I have an ungodly crapload of cash in the bank. Make the arguement of deflation, make any arguement you want, it boils down to; I still have a crap load of cash in the bank, and your little flip friends have renters and a scheme. <BR/><BR/>Here's the key; I live a modest life. I drive a 4 year old car and a 3 year old car, both bought used at about 10k miles. I assume they were owned by someone who was working the pyramid and lost. They replaced our 11 year old car and 13 year old car. I live in one of the homes and the other is a guest home only. Other than that I lead an unremarkable life. Recently we did not buy foam noodles for the pool because we knew they were on sale for half at another store. Did we drive there to save the $6?, no we went there when there was greater purpose. Let the stock monkeys try to explain their losses, they choke. Let the RE monkeys try to expalin that they 'didn't know' that prices and sales are the way they are because FORECLOSURES AT FULL VALUE ARE COUNTED AS SALES [EVEN IN THAT GRAPH]. They'll squirm. I've seen so many thousands of their 1003's and if it weren't for the unbelievably inflated 401k values [you have to deduct about 40% because of the deferred tax load] and the false real estate values, I've found few [1 in 300] that weren't pyramid scheming themselves. Go ahead bag on my punctuation and spelling. It's the last resort of a coward with no retort to an argument.<BR/><BR/>As an aside, any of you been to St Louis? Have you seen that ghetto that is composed of many square miles of the very coolest giant old victorian homes? Tha'ts what the acres of mcMansions will become. Flops for the tired, morally unable, downtrodden and loving it, that live in that current ghetto. Just like the very poorest that can afford a car drive whoopty old cadillacs and other budget breakers, so shall this return for hummers and the ilk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5857612315886861502007-06-05T16:40:00.000+01:002007-06-05T16:40:00.000+01:00There is a phenomenal number of people, mostly tro...There is a phenomenal number of people, mostly trolltards that think the housing market should act like the stock market. The housing market is an illiquid asset and the stock market is a liquid asset. Nuff time spent educating the trolltards.<BR/><BR/>I'm selecting two zip codes from Phoenix, not random. One zip code I grew up in and the other a friend lives in. Average, middle income neighborhoods and thanks to whoever it was that posted that wonderful website, Melissa.com I give you this:<BR/><BR/>85020 where I lived for a couple of decades:<BR/><BR/>05-2007 66 $248,000.00 <BR/>04-2007 65 $339,000.00 <BR/>03-2007 49 $308,000.00 <BR/>02-2007 37 $261,000.00 <BR/>01-2007 44 $414,000.00 <BR/>12-2006 59 $283,000.00 <BR/>11-2006 50 $338,000.00 <BR/>10-2006 77 $244,000.00 <BR/>09-2006 63 $301,000.00 <BR/>08-2006 55 $300,000.00 <BR/>07-2006 61 $295,000.00 <BR/>06-2006 64 $360,000.00 <BR/><BR/>Check out Mays average sale price.<BR/><BR/>85029<BR/><BR/>05-2007 50 $198,000.00 <BR/>04-2007 42 $219,000.00 <BR/>03-2007 44 $231,000.00 <BR/>02-2007 45 $218,000.00 <BR/>01-2007 53 $226,000.00 <BR/>12-2006 47 $204,000.00 <BR/>11-2006 56 $209,000.00 <BR/>10-2006 74 $219,000.00 <BR/>09-2006 74 $213,000.00 <BR/>08-2006 75 $217,000.00 <BR/>07-2006 70 $230,000.00 <BR/>06-2006 70 $226,000.00 <BR/>05-2006 98 $222,000.00 <BR/><BR/>Sure one month does not make a trend. Go www.melissadata.com and find out what is happening in YOUR neighborhood. Oh and trolltards, find the one neighborhood in America that is still appreciating and post it here as proof that there is no housing crash. Don't forget the anonymous name too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71311717258721535042007-06-05T15:43:00.000+01:002007-06-05T15:43:00.000+01:00I love this blog. One day it's hyperinflation and ...I love this blog. One day it's hyperinflation and buy gold. The next it's deflation, sell gold.<BR/>One day Hillary's the greatest thing since slice bread. The next day she's to be feared.<BR/><BR/>Liberalism is indeed a disease.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22725271594545114582007-06-05T15:10:00.000+01:002007-06-05T15:10:00.000+01:00devestment said... Suddenly the dollar is looking ...<I>devestment said... <BR/>Suddenly the dollar is looking sweet...<BR/><BR/>I'm dumping chattel for U$D.<BR/>The yellow metal goes too. <BR/><BR/>June 05, 2007 5:08 AM </I><BR/><BR/><BR/>=================================<BR/><BR/>HUH? I thought gold was supposed to hit $1000 as hyperinflation was coming.<BR/><BR/>Damn you tinfoilhatters change your mind quickly.<BR/><BR/><B> I am willing to change with the climate and admit that I was wrong in my over optimistic prediction. This tinfoiler will take profit and wait for the desperate chattel. I feel that the market forces of exploding inventory along with lost REIC jobs will slowly drive metals and chattel down from here. That is my play.</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33433207532223392832007-06-05T13:26:00.000+01:002007-06-05T13:26:00.000+01:00Phoenix bottoms at $99,000.Phoenix bottoms at $99,000.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54073360994461187582007-06-05T13:22:00.000+01:002007-06-05T13:22:00.000+01:0012:00 AM LOL. That's great dude. coat-whore, coat ...12:00 AM LOL. That's great dude. coat-whore, coat crash of 2007, I love it. You forgot to mention the CIC (Coat Industrial Complex).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53105875147514244932007-06-05T12:12:00.000+01:002007-06-05T12:12:00.000+01:00flip that turd said... I can't believe the median ...flip that turd said... <BR/>I can't believe the median asking price in Phoenix is so high compared to places like Dallas and Chicago that have much higher paying jobs.<BR/><BR/>==================================<BR/><BR/>This is why you renters will never get ahead, you are simply ignorant of basic facts. Or can't do basic math. Or both.<BR/><BR/>Chicago's median household income is $38.6K, Dallas is $43.3K and $41.2K in Phoenix. I suppose in renterland $38.6 is MUCH HIGHER than $41.2K.<BR/><BR/>And hmm you think the fact that Phoenix has a shitload of retirees with low incomes but high net worth might skew the numbers just a wee bit? <BR/><BR/>Get a clue and then try again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36288113838266444862007-06-05T12:02:00.000+01:002007-06-05T12:02:00.000+01:00devestment said... Suddenly the dollar is looking ...devestment said... <BR/>Suddenly the dollar is looking sweet...<BR/><BR/>I'm dumping chattel for U$D.<BR/>The yellow metal goes too. <BR/><BR/>June 05, 2007 5:08 AM <BR/><BR/><BR/>=================================<BR/><BR/>HUH? I thought gold was supposed to hit $1000 as hyperinflation was coming.<BR/><BR/>Damn you tinfoilhatters change your mind quickly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80809723693810734592007-06-05T11:43:00.000+01:002007-06-05T11:43:00.000+01:00Anonymous said... NEW Bubble about to BURST: ...Anonymous said...<BR/><BR/> NEW Bubble about to BURST:<BR/><BR/> Major Retailers announced a huge drop off in winter coat sales. This CRASH is expected to continue well into November, 2007.<BR/><BR/> Coat-whores are forecasting the declines to bottom out by September. Hah! who are they kidding? They're just in it to make a fast buck!!<BR/><BR/> I hate coat-whores so I never bought a coat. (Ok, I used to own a coat, but sold it back in 1999 cause coat prices were so high that I knew they would come down and I can buy two coats later). Now I rent my coat from some selfish coat owner and save so much money by paying less money to him that I can eat at BK twice a month! Hah!<BR/><BR/> Anyway, time for us to fight back against those evil money hungry, people hating, children eating coat-whores by flooding yahoo messanger boards with our "inside knowledge" of the Huge Coat Crash of 2007. Remember this folks, you will be telling your children about the huge coat crash of 2007!<BR/> Gotta go now. It's a bit cold in here.<BR/><BR/> June 05, 2007 12:00 AM <BR/>------------<BR/>OMG how pathetic, get a life realtwhore REIC trolls. Oh that's right you have no income now and only have time to try in vain to goad people into destroying their finances just so you can make a commission to keep up with your lexus payments!! FYI/NEWSFLASH, YOU'RE A LOOOOOSSSSERRRR!!! Go start doing something productive for society by flipping some burgers!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26228591603964170812007-06-05T11:39:00.000+01:002007-06-05T11:39:00.000+01:00Anonymous said... In reality, have renters ever...Anonymous said...<BR/><BR/> In reality, have renters ever won?<BR/><BR/> June 05, 2007 1:16 AM<BR/>--------------<BR/>Since when are the different consumer options for obtaining shelter viewed as creating a form of competition? Oh that's right to instigate income for the REIC realtwhores and trolls.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44770022585385243992007-06-05T09:53:00.000+01:002007-06-05T09:53:00.000+01:00"Phoenix has a great robust diverse economy!"That'..."Phoenix has a great robust diverse economy!"<BR/><BR/>That's my favorite line of BS! NO IT DOESN'T!!!!!<BR/><BR/>The Phoenix area "economy" is almost entirely based on real estate. 1 out of 20 people or something like that in Phoenix is a realtwhore. Take away the real estate "profession" - and it's going away fast - and the entire metro area sinks into a depression.<BR/><BR/>www.scottsdale-sucks.comFrank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10008075152151512962007-06-05T06:29:00.000+01:002007-06-05T06:29:00.000+01:00-7.1% + 6.0% lost interest, is -13.1% in a year. ...-7.1% + 6.0% lost interest, is -13.1% in a year. Not an insignificant drop. <BR/><BR/>Also April and May are the good times for prices. Just wait until September.<BR/><BR/>Also wait until the economy slows down. Right now almost everyone has a job. This thing is just getting started.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37673844549959450412007-06-05T06:08:00.000+01:002007-06-05T06:08:00.000+01:00Suddenly the dollar is looking sweet...I'm dumping...Suddenly the dollar is looking sweet...<BR/><BR/>I'm dumping chattel for U$D.<BR/>The yellow metal goes too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8750264243042839192007-06-05T05:06:00.000+01:002007-06-05T05:06:00.000+01:00Scientists predict Southwest Mega Droughthttp://ww...Scientists predict Southwest Mega Drought<BR/><BR/>http://www.msnbc.msn.com/id/17967097/<BR/><BR/>It won't be long and they'll have to fill in those pools and get rid of those damn grass lawns. It'll be real interesting to see what happens when Lake Powell and Lake Mead are empty. Las Vegas, Phoenix and Tucson DEPEND on the Colorado for a major % of its water supply. (Ground water too but the wells are drying up, hehe)<BR/><BR/>Hey trolls don't worry, prices WILL be coming down for the Phoenix area.Anonymousnoreply@blogger.com