TITLE

Employer sanctions law and investor owned 'shadow market' stymies apartment industry

PUB. DATE
April 2008
SOURCE
Inside Tucson Business;4/14/2008, Vol. 17 Issue 45, Special section p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article highlights the contributing factors causing the increase in vacancy rates of apartments in Tucson, Arizona. Owners and investors who bought homes during the boost of housing market, found themselves unable to sell their properties or lease them at rates to cover the mortgage payments. The state's Employer Sanction Law caused many Hispanic families to flee Arizona to other states and countries. The slowdown in the homebuilding industry cost many construction workers their jobs.
ACCESSION #
31798939

 

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