Quote:
Originally Posted by saturnfan
Having lived here 18 years, I've noted a lot more "for rent" signs on homes compared to past years. Apparently, some owners are trying to "ride out" the slowdown.
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SF,
There is a ton of money coming in from out of the area for real estate investment.
Seems I get a lot of the wannabees, but I know of quite a few agents who work repeatedly with out-ot-town landlords.
Part of the benefit of lots of national publicity, I'd say.
Many don't understand the economics of investing, but are determined to give it a try.
Take a look at the Wake County tax site for the owner of some of the homes.
And, yes, there are people who are upside down in a home, or lack cash for closing are trying to ride it out.
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