Continuing on a theme, Scottsdale, Arizona, is on a roll. Around the corner, a bit down the street from the waterfront condos I told you about the other day, is this mid-rise condo development. Lots of glass but no canal-side views have knocked the price of these units down to the $500,000 and up level – prices mere mortals can afford – sort of. If your income is hovering around $9,000 a month, you too can call this home, and if you are really bringing in the money, let’s say, oh, about $18,000 a month, you can afford one of the penthouse units with a mortgage payment of about $5.500 a month. Let me put this into perspective for anyone making minimum wage in America. If you are an individual working at McDonald’s, making $5.15 an hour and working 12 hours per day, six days a week,  your extended family would have to drum up 12 people, all working 12 hours per day, six days per week to qualify as having enough income to nab one of these luxury units. Or, to put it another way, you would simply have to work 3,000 hours per month (there are only 720 hours in a month!) to make enough dough. You kids better start taking college seriously.