Posts in Rentals
Check out this news release from October 2009 outlining a program outlining how home owners might rent back a home they are losing in foreclosure.
The obvious question is "have you heard of anyone actually doing this?" If this program has existed for almost two years, you would think that the regional real estate community would become aware of someone that has been able to use the program.
You can see from the article above, there are serious discussions about doing large bulk sales or create new large scale programs with major property managers overseeing government owned homes being rented.
I am hoping that someone will fill us in on a success story somewhere! The examples of this from the past were not pretty and anything but considered successful. Please let us know what you know. Thanks.
There are two major restraints right now for our real estate market; one is the lending standards are more stringent than they have been and second, consumer sentiment is negative. Both probably will improve, but when?
From an objective point of view, we have a very good inventory of homes at affordable prices with interest rates very low. Even for investors, this article about rising rents should be a great backdrop to investing in residential real estate.
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