[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]
This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.
The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.
