anyone else smell Bushit ?

mrtires24 said

But back to my question. Is it all over USA that is haveing the morgage problems? cause I see on the news streets with for sale/forclosure signs at every house, But I don't see that if I cross the boarder. Must be down south more. I hear california is doing OK. maybe in the south East is bad...anyone?

Phil

Click to expand...

I believe California, Florida, Arizona & maybe Nevada top the list. Mostly due to huge run-ups in value over a short period of time. More in the larger populated cities of these states.

Here in the Phoenix metro area, the hardest hit are the outlying areas where people could buy very large houses for smaller $$.....then the gas prices escalated....most of these buyers had to commute into the city and well......you can see the snowball coming.

Also, I forgot to mention that here in Phoenix, there were "alot" of....speculators/investors...especially from California buying up property like crazy.