Good article. I'm sure the folks there are nice, but it sounds like a horrible area and hopefully this real estate bust will turn it back into the beautiful desert it once was.
I'm puzzled about one of the new residents on the block - the Argentinian couple that bought the foreclosure. First, they paid $240K - way too much, I'm sure they were instantly underwater. Second, he works in maintenence at a bakery ... WTF! I want to know exactly what that job entails and how he can afford mortgage, taxes, insurance, and upkeep (he's building an addition) on a $240K house. What is the pay for a job like that? ... $10/hour, $15/hour???