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With Wall Street in a mad rush to raise money to pile into the landlord game, a shift may be...

With Wall Street in a mad rush to raise money to pile into the landlord game, a shift may be underway. Apartment occupancies rose in Q3 at their slowest pace in over 2 years as the home purchase market picks up again. "We are starting to lose renters to home purchasers," says Matthew Gardner. "As every rental project is increasing its rents ... it gets to the point where owning becomes cheaper than renting."
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Comments (2)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Or are you losing renters because of younger folks moving back in with their parents because they've lost their jobs?
    3 Oct 2012, 08:55 AM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (2014) | Send Message
     
    The jury is still out on reasons for the changes. My guess is mortgages are still very hard to get, and rentals will increase in value. MY new search will be ETF's or REITs making money with residential rental property.

     

    Capt. Brian
    The Lost Navigator
    4 Oct 2012, 11:13 PM Reply Like
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