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Preview: Comments on: ?House Of Cards? Will Collapse On Speculators: Arizona

Comments on: “House Of Cards” Will Collapse On Speculators: Arizona

Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.

Published: Sun, 19 Nov 2017 11:35:12 +0000


By: Ben Jones

Sat, 10 Feb 2007 12:54:35 +0000

Becky, I am very familiar with rentals in this area. Be picky! Don't rent from a flipper, who are numerous in the Ponderosa Trails subdivisions. It's best to work with a property management company. Flagstaff isn't cheap, but the market has loosened up quite a bit in the last year, so don't be afraid to haggle on the price. And it gets cold. Be sure to pay attention to insulation and how the home is heated. Good luck!

By: Becky in Ohio

Sat, 10 Feb 2007 06:09:13 +0000

Interesting reading from you all.. I'm looking to relocate to AZ soon. Now I know not to buy.. Ohio RE is very low.. don't know about scams, but are coming soon I'm sure. I live in a house that is about $350k but in CA or AZ would sell for over $1mil. I can't imagine at this point purchasing.. Any suggestions for rentals Flagstaff area?

By: Paladin

Tue, 23 Jan 2007 03:32:59 +0000

AFS, what happened to AH07? Is it time to move the sites out a year or two, because the bottom is going to be much lower than previously thought. Will you Take the Bate in 08, or Mark Time 'Till 09?

By: Johnny

Tue, 23 Jan 2007 02:57:19 +0000

He is the largest developer in AZ and NV. Largest in wood frame and concrete. The name is spelled Ron Pratte.

By: Michael

Mon, 22 Jan 2007 20:49:22 +0000

You said, "alot of this though could be avoided if lenders review appraisals b4 making loans on them." I work in subprime underwriting, and I can assure you that the majority of the underwriting process involves appraisal review!

By: Jay_Huhman

Mon, 22 Jan 2007 14:21:51 +0000

Almost no corn in Arizona. Probably durum or barley.

By: rms

Mon, 22 Jan 2007 07:44:29 +0000

How does the cost of household energy rank there in Albuquerque, NM.?

By: Anti-Fraud Superhero

Mon, 22 Jan 2007 07:29:53 +0000

(Formerly 'Auction Heaven in '07) Kudos to the Arizona Republic for a well done piece. The first of many, many, many to come. Yes, as Ben said, it was a bit late in coming. But alas, it finally arrived. Keep diggin' y'all. There's lots and lots more surprising revalations where this came from. Lots.

By: Housing Wizard

Mon, 22 Jan 2007 05:29:10 +0000

I guess the REIC know what lenders to go to where the underwriters don't even read the disclosed escrow instruction and purchase contract .

By: Pete

Mon, 22 Jan 2007 04:59:50 +0000

Timber!!! Good things have to come to an end.

By: Matt_in_TX

Mon, 22 Jan 2007 04:29:03 +0000

I'll have to check back on those "deals" to buy Iraqi currency a couple years ago when it was set to "go through the roof" do to the new government doing whatever it was they were supposed to do to make speculators all rich.

By: robin

Mon, 22 Jan 2007 03:19:00 +0000

Come to think of it, on my last appraisal for a refi, the guy just came out and taped off the house. No inside look around, either!