Some parents will do absolutely anything to remain in a particular school attendance area after getting foreclosed upon or forced into short-selling their family’s home.
How many of those people would be interested in renting 1/1 condos or apartments? And if they’re living in that level of squalor with children, wouldn’t they be risking an irate neighbor reporting then to Child Welfare Services?[/quote]
They aren’t living in “squalor.” They just simply place piles of laundry and used dishes around the house and fail to clean the kitchen or the cat’s litterbox, and stain the driveway, etc, for a “showing appt.”
spdrun, have you ever seen the ridiculously stupid listing pictures focusing on big messes, yard waste and trash/recycle bins plus cabinets, showers and closets torn out (may not even be of the same property) in online “short sale” listings, instead of focusing on the property’s best attributes? These listings are but one example of what I was discussing (above). These (deliberately ugly) photos are put in there in effort to lessen buyer interest in the property to enable the “owner’s” or agent’s relatives or friends to slip their offer through with no competition. Sometimes it works and sometimes it doesn’t. Most of these listings are tenant-occupied where the “owner” was collecting rent for YEARS without paying their mortgage(s).
This type of deadbeat parent/tenant is interested ONLY in renting upscale/luxury homes of 1900 to 3800 sf located in an attendance area of good schools. The 1/1 rental market is a different animal.
