Barely an empty lot remains in Phoenix, Arizona, that isn’t fenced for future construction or undergoing development. Real estate prices are soaring, promising to destroy one of the attractions that drew so many people to Arizona in the first place – sadly, wages are not keeping up with the rise. No matter for these builders, as there are enough speculators who have bailed out of the stock market who see that the sky is the limit and real estate bubbles are a thing of the past. This is the new real estate economy and is different than years past. Hmmm, right.