You haven’t seen anything until you see the crap neighborhood tract homes they slap together in Arizona! I suspect that there are going to be a lot of run-down rental areas in Metro-Phoenix.
Arizona is bankruptcy/renters’ heaven: we were advised to leave our house in Scottsdale vacant rather than rent it unless we were willing to risk having it trashed and lose a lot of money. Were there is a law in Arizona that protects renters who file for bankruptcy: if a renter files for bankruptcy they can not be evicted for a year and do not have to pay rent during that year. People have been known to move to Arizona for this reason.
Also, since were talking hundreds of homes that were bought by investors and were more in the $200-$300,000 range, it will be easier to turn these into rentals than property bought here in CA
