Noticed this, in case anons start seeing it happening in other cities also:

A company named for the hound of Hell is buying up 100 houses per month in Phoenix, "where inventory levels are the lowest" and "at much higher prices than the competition."

Cerberus is a Wall Street equity firm that specializes in distressed investments, but few would say Phoenix’s market for homes below $300,000 is hurting.

Former U.S. Vice President Dan Quayle is chairman of Cerberus Global Investments. Former U.S. Treasury Secretary John Snow is chairman of Cerberus Capital Management.