There are many condo conversions, some in PB, some downtown, etc. that are sitting mostly vacant. Surely some of the owners or builders are considering renting them out. I don’t know if it will be a “flood” of rentals coming on the market but I wouldn’t be surprised. Just like home sales, a glut of inventory will drive rental prices down.
I was wondering if there is any credibility to the notion that right now (and the preceding year or so) is when lots of underwater owners are renting at a loss and once the foreclosures start in earnest, that the banks themselves would evict any renters because they don’t want to be landlords. Thoughts??
I was wondering if there is any credibility to the notion that right now (and the preceding year or so) is when lots of underwater owners are renting at a loss and once the foreclosures start in earnest, that the banks themselves would evict any renters because they don’t want to be landlords. Thoughts??
I was wondering if there is any credibility to the notion that right now (and the preceding year or so) is when lots of underwater owners are renting at a loss and once the foreclosures start in earnest, that the banks themselves would evict any renters because they don’t want to be landlords. Thoughts??
I was wondering if there is any credibility to the notion that right now (and the preceding year or so) is when lots of underwater owners are renting at a loss and once the foreclosures start in earnest, that the banks themselves would evict any renters because they don’t want to be landlords. Thoughts??
I was wondering if there is any credibility to the notion that right now (and the preceding year or so) is when lots of underwater owners are renting at a loss and once the foreclosures start in earnest, that the banks themselves would evict any renters because they don’t want to be landlords. Thoughts??
