When Victor Avramenko drives through the sunbaked rows of stucco houses in the western suburbs of Phoenix — where he bought his first American property two years ago — he doesn’t see the job cuts, slashed incomes and foreclosures that have devastated neighborhood after neighborhood in this city, which was once a real estate speculator’s dream. He sees profit potential.
Foreign exchange: Investors from abroad swap cash for houses
October 1, 2011, 12:59am
Liz is a career journalist, and currently a senior editor with Charles Schwab. She joined HousingWire briefly in mid-2011 though early 2012.see full bio
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Liz is a career journalist, and currently a senior editor with Charles Schwab. She joined HousingWire briefly in mid-2011 though early 2012.see full bio