As a follow up to my article on apartments in AZ I found this and wanted to link to it.
Apartments in AZ have long been the beneficiaries of the states housing bust.
Coprorations that own apartments have gained more than 17% since January. One of the largest corporations has spiked 20% this year alone and nearly 60% in the last 12 months.
Apartment owners say foreclosure crisis is bringing new tenants daily. “We have a significantly higher number of people today living in our apartments who have lost their homes than I ever remember,” says Jeffrey Friedman, chief executive of Associated Estates Realty Corp. according to the folks at https://blogs.wsj.com/developments/2011/07/01/debunking-the-foreclosure-to-apartment-assumption/.
How about you? Any luck finding apartments in AZ? Comment below.
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[Image credit: respres]