Wow, this comment is so spot on that I had to make it a full post:
Scottsdale, Phoenix, Tempe, Glendale, etc. are all about to have a giant economic enema, courtesy of the housing bubble blowout!
I moved here in the late '90s, and yes, it was a better place because housing was affordable and there wasn't so much anxiety over the lack of real, big-city wages. People weren't trying to be something they were not: rich!
And you didn't have to be rich because things like housing were affordable, and left money to spend on other activities.
Sure, Scottsdale was always supposed to be a "cut above" the other Phoenix suburbs, and high-class, and we could all tolerate a little pretentiousness from that crew now and then.
But a new breed moved in after 2001. Sporting a few chin whiskers, unkept shirts, and walking around in black dress shoes and baggy-jeans--that looked like someone just dropped a load in 'em: the post-modern, wanna-be, nuveaux riche, pastiche dumb-ass.
Now I'm not claiming to be Mr. Cosmopolitan, or sophisticated. I'm a State school MBA for godsakes. However, I can tell a rat when I see one. And the current breed of quick-buck, con artist rat that moved into Scottsdale--possibly because he couldn't afford to live in a real wealthy area, for instance Cupertino, Los Altos, Saratoga or San Francisco--is truly a pathetic creature. [Frank's comments - that's the only reason they move to Scottsdale - they can't hang in a truly affluent community and wouldn't be welcome. Hence Scottsdale, mecca for phonies and rejects of all kinds.]
How many credit cards can a person max out? How many payments can one miss on his Adjustable Rate McMansion Mortgage and Hummer before dude's girlfriend finds out that he's really just a high school dropout, GED-carrying construction guy or roofer posing as a real suburban professional?
Then the scrounge-lizards hit the jackpot: Instead of slapping tiles on a roof in 118 degree temperatures, they discovered that if you could put on some TJ Maxx slacks and a ruffled white shirt, slap some gel on your Carsten haircut, pick up a phone, take a few people out to lunch in a rented BMW then viola! You could transmorgrify from a frog into a prince: a Real Estate Agent or Mortgage Broker.
The sad and funny thing is, many unqualified schmucks made a sh-tload of money for bamboozling people who couldn't afford a house, into over-reaching for the American dream.
What's even funnier, is that most of these bozos blew their newfangled cash on Blackjack at the Indian casinos, Adjustable Rate Mortgage payments on a McMansion, a BMW or Hummer and drinks every night in some trendy, fly-by-night Scottsdale bar.
Boy, livin' the large life was good wasn't it? That was a good ride! Ha, ha! The game is over. The great housing crash of 2007+ has begun.
Time, once again, to put on your baggy blue jeans and wrinkled shirt, give back all the toys, and move into your South Phoenix dive apartment with two other dudes, so you can just get by like the roofer that you are and always will be.
Or better yet, go back to Jersey, Ohio, Detroit and Illinois.
Watch how bad real estate is going to get. You aren't going to believe it.
It's gonna' be a royal economic enema of historic proportions. It will clean out all of the Scottsdale trailer trash, that's for sure.
Perhaps the scampering rats will move to Reno or Vegas next.
Recent Comments