HousingPANIC Stupid Question of the Day

What American city is full of the most scum?

1) Miami / South Beach
2) Las Vegas
3) Phoenix / Scottsdale
4) Los Angeles / Orange County
5) _______

(Funny how the scum to housing bubble market correlation is so high, eh? Wonder why that is... )

When a Ponzi Scheme ends, the easy money goes away, and the con men, promoters & speculators have gone home, this is what you have left

“Kelly Markham earned $200,000 in commission in 2005 as a loan officer at an Irvine mortgage brokerage. When commissions dried up, she began looking for another job to support her six-month-old baby and hang on to her $600,000 home.”

“‘I’ve signed up for work at a temp agency, but all I’ve gotten is five hours of work in the past four weeks stuffing envelopes in some office,’ said Markham, as she perused Starbucks job listings online one recent afternoon.”