Arizona Among States With the Highest Foreclosure Rates

Arizona's failing real estate market

Arizona Ranked #3 In The United States For Most Foreclosures

According to a CNBC article, Arizona has one of the worst housing markets as of Summer 2011. One in every 273 households have gone into foreclosure and often end up vacant. That is at least 1-2 foreclosed houses in each neighborhood in Arizona.

I’m no real estate guru, but I have a pretty good guess on why this came to be. Before the housing bust, houses around Arizona were overpriced. The upswing in prices was due primarily by investors and landlords. Most of these lived outside of Arizona, usually in California. The investors with the big money outbid one another, driving prices up for those who live in Arizona.

For example, a house I once owned in Arizona was sold to us for $349,000 at the height of the housing boom. When the housing market turned sour, many homes in our neighborhood became abandoned and became eye sores. Some would be purchased after they were foreclosed and then rented out. This drove down the prices in my neighborhood even more, and brought in “undesirables” into the area.

Because of the area turning into “the hood”, we were desperate to move. In order for us to leave, our $349,000 house was sold for $180,000. We had to go the “short sale” route, and I’m thankful we did. The area I lived in was once an area where the riff-raff could not afford, so I thought we were safe from the criminals. The housing market changed that and the neighborhood turned trashy. A drive through that neighborhood would reveal numerous for sale signs and weeds in the yard.

Arizona Is Slowly Becoming California

Californians are flocking to Arizona, bringing their attitudes and ideals along with them. For some reason, home builders are falling into the Californian way as well. Every house is bland and boring: Spanish-tiled roofs, painted some shade of brown and built too close to the next house. Some homes here are built so close together that their roof lines actually overlap each other! This is becoming very common, and it doesn’t make any sense to build that close due to fire hazards. You could literally walk from rooftop to rooftop without jumping…just take a step. You might as well live in an apartment. Some houses even share driveways…mind did.

Stay tuned, I will take and post photos showing the hilarity of Arizona houses.

Ever see the Cat In The Hat movie?

Arizona is as bland as Cat In The Hat

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5 thoughts on “Arizona Among States With the Highest Foreclosure Rates

  1. Your welcome to leave! says:

    I left a long reply about AZ but apparently, the owner of this website only allows negative things to be said about AZ although my reply wasn’t all positive. Thanks!

    • No Arizona says:

      Yes, this website is moderated. I don’t recall your particular comment, but personal attacks are not approved behavior here. I am happy to know that I’m welcome to leave. I did. I also suggest proper grammar when posting comments. “Your welcome” implies a possessive tone. In other words, it’s not “my welcome”. You’re = you are. Thanks for reading the blog and providing the readers with a great example of a common Arizona attitude. 👍

  2. Pat says:

    Well hello moderator, oh you’re still around apparently, it figures you would comment on this message rather than the much more in depth message I submitted which was not hostile that you claim you didn’t receive for approval. There are all kinds of hostile comments on this blog so don’t tell me that Perhaps you should have did your research before you moved here and because it didn’t work out for you, you’re bitter and decided to create this lacking web traffic outdated blog, please. The people that like it here really don’t care who likes it or leaves.

    • No Arizona says:

      You appear to have too much time on your hands. This website was not made for you. Still, we appreciate the web traffic. I don’t have time to reply to your in-depth message. You seemed really upset that you were not receiving attention, so I replied to your comment. Believe me, our readers are really enjoying your tantrum.

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