[Joeaksa]

Originally Posted by Rick Lee

I dunno, Joe. I live pretty close to you and a foreclosure sign went up in a neighbor's yard about two weeks ago. That can't help the neighborhood values any. On my street there are a ton of for sale and for rent signs. I'm in no hurry to buy, as renting is so much cheaper at the moment.

Rick,

We have one house in my area that is for sale and its a "short sale" because a couple of 25 year old kids bought it at the wrong time and now the ARM has flopped and they cannot afford it. Not one foreclosure in this area so far. Where you live up in Anthem there were a lot of speculators while where I am everyone who owns the houses also live here.

THE,

I am not talking about the entire city of 7 million people you idjuit! I live in a pretty nice area North of town, that is right on the edge of the desert. We have always been more "desireable" for that reason and this is what we are watching around here. The nicer areas have started to rebound while the rest of the city is still hurting.

Suppose you guys are going to tell me that Hard Drive is living in a depressed area as well? My house values have just leveled off and will be heading upwards shortly. Been watching them for a while. I am still over $100k above what I paid for the house 7 years ago so its been a good investment.