Relevant:
2008-06-20 — latimes.com
"Apartment vacancies are edging up in many areas of the country as frustrated sellers instead try to rent out their homes and condos. And that is making it harder for landlords to raise rents."
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Comments:
greenacres at 05:28 2008-06-21 said:
Every time there is a real estate downturn the "flippers" try to rent out their portfolio.... They almost always have negative cash flow.... Since many loans are securitized with multiple owners of these notes the flipper will eventually( one yr?) walk or short sell,(if they can). The result is vacant houses with renters in turmoil... Note that luxury apts are having to "eat it". Pretty soon some of those will be at Auction!! Permalinkadd a comment | go to forum thread
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