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A cooling housing market here may be good news for buyers, but homeowners facing debt woes may be more likely to find themselves in foreclosure. Pima County had 1,427 foreclosure filings in the first quarter of this year, up 51 percent from the same period in 2005, according to RealtyTrac, a firm that tracks foreclosures nationwide
This is predictable when you use "projections" as a basis for markets. Our Politicians and builders got greedy, projected a rise in population, started over building and are essentially killing the market.
A planned community in Benson (which would multiply the population there 6 fold) has been scrapped. A 13% drop isn't terrible considering the gains, however a drop of 150% or more, might be possible is houses keep going up at a ration of 5:1 with buyers.
#8 wtf does that have to do with the price of tea in China? Americans shouldn't strive to live in homes or own cars. I guess we should either live in caves or be more like the former (and again upcoming USSR) and drop our motivation to do anything but collect a government check by working a government , drink vodka to hide our pain and wait to die?
Sorry if the American dream was so bad why is everyone trying to get here and or live it including the guy you quote? After all, he didn't write his book(s) to stay broke and live in a cave.