Real estate got just about everyone into trouble in Phoenix, and the
thinking seems to be that real estate is going to get everyone out.
A real estate "frenzy" is apparently developing there, the NYT reports, as bottom feeders gobble up mass foreclosures.
It`s not just Phoenix I fear, it's our national mind-set writ large.
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is a co-founder and editor at large of CityLab and a senior editor at The Atlantic.
He is a university professor in the University of Toronto’s School of Cities and Rotman School of Management, and a distinguished fellow at New York University’s Schack Institute of Real Estate.