Relevant:
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- Ghost Towns Subprime foreclosures could wreak havoc on apartment values
- Wall Street Keys On Landlord Business
- HSBC Sells 97% of Offer to Owners, Rest to New Buyers
- Millionaire buys every foreclosed home in Michigan county for $4.8 million
2010-03-07 — nytimes.com
"Over the past year or two, many owners who couldn’t sell — or didn’t dare try — made a similar calculation. Rather than accept an impossibly low offer (if they even had an offer), they decided to rent out their properties. The idea was to cover expenses while waiting for the market to right itself."
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