Where has all the money gone, gone out of state is where it’s gone. Some of it found it’s way to Arizona thanks to Peter & Barbara Carras. Mr. Carras is a practicing attorney in Michigan. They just paid cash for a modest 9,863 sq. ft. home that also has a 1150 sq. ft. pool. This home is located in the gated enclave of El Marco Estates in Paradise Valley. Are you asking yourself, now where have I heard about Paradise Valley before? Well, it is home to the valley’s rich and famous stars, like Pat Boone, Alice Cooper and Glen Campbell just to name a few.So, how much of the hard earned cash did the Carras’s take away with them from Michigan, hold on to your hats, $5,100,000.00. I love reading about the Top Home sales called “done deals” in the Real Estate section of the Arizona Republic. The Carras’s held the #1 spot the week of December 15th! The information collected for Done Deals was researched by John McLean and the Information Market. Now don’t get yourself all in an uproar, sure it’s a free country and folks can spend their money any way they see fit. But to my way of thinking, they took the money from hard working or NOT working people of Michigan and ran with it.
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The rich keep getting richer, the poor keep getting poorer, and the moderate income taxpayer foots the bill for all of them.