Investors are swarming to buy up foreclosed houses in Phoenix to rent out to tenants (Amid Housing Bust, Phoenix Begins a New Frenzy)
I wonder what will happen to monthly rental rates in Phoenix when all those surplus houses are converted to rentals.
I wonder what will happen to housing prices when rental rates start to fall and all the would-be landlords run for the exit?
I wonder what will happen to all the lenders to the would-be landlords?
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Located in a turnkey rental desirable neighborhood, this property features huge open floor plan, rental properties finished basement, large back deck and wetbar in basement.
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