Phoenix
Althought I have originally consider this city for my 1st property I believe there is such a oversupply of houses that makes it quite risky in case of losing your tenant.
In recent years as many as a third of new home sales here went to investors and speculators Many of them are now competing with builders to dump their holdings, and prices in some developments have dropped by more than $100k.
- Capital and largest city of the U.S. state of Arizona.
- Has a subtropical climate and has some of the hottest of any major city in the United States with over 110 days in the year with an average temperature of 38 celcius and 5 days per year where the temperature drops to or below freezing.
- Demographigs" 76 percent white -non hispanic- 40.8 percent Hispanic 6.5 African 3 percent asian.
- Home of seven Fortune500 companies.
- In the late 2000 it has earned the title of "Kidnapping capital of the USA" in general the victims are belived to be related to the iligal drug trade.
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