Almost half of mortgages in Arizona are 'underwater,' report says
• Anthony DeWittWASHINGTON - Just under half of all Arizona mortgages were "under water" in spring of this year, the second-highest percentage in the nation, according to a report from a private research firm.
A lot of people keep telling me they want to move to the desert and they can't understand why I keep telling them there's no water in the desert. It's articles like this that are particularly misleading.