RatWatcher

Don’t Blame Wall Street - At Least Not Completely

"The people that are being foreclosed, primarily those who initially received subprime mortgages, should never have been given a loan to buy a house. These people were renters and will become renters again."

Not so easily. They may get an apartment in a complex. Owners of single-family for-rent homes don't want these people, as they have record of not paying and then walking away. The 'investor' with one or two rentals understands risk management up close and personal, and can't take them as tenants.