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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (246106)	4/29/2010 2:13:13 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

>>BTW, have you seen any analysis of the impact on housing in AZ due to this law? Most would be renters I assume, but having a few more 100K vacancies ain't going to help either.<< It hurts both in that homebuilders and developers are the prime consumers of "illegal labor" in this state, as well as the actual occupancy of rental and cheap housing units. Looked at another way, anything that stands in the way of further development is good for the environment. Plus, any sticks in the eyes of LEN and PHM is probably a good thing for everyone, more or less. Given how the gubmint's here bend over backwards to screw the taxpayor to pay off their buddy's the developers.....the population here far exceeds the carrying capacity of the land, so this bill redresses that imbalance to some extent. Phoenix needs less people. You won't here that from the Chamber of Commerce, but it's true. One reason I've come to support this is that it's a back door "anti-growth" bill. One that's been long in coming for Phoenix and AZ in general.