When home owners go thru a short sale or foreclosure there is a period of time before they can purchase property again. It is these good people who are now creating the demand in our rental market. It is likely we will see this demand for a minimum of 2 years.
Do you think distressed former home owners should be allowed to purchase a home less than 2 years after a short sale or 5 years after a foreclosure?
Are you thinking of purchasing a rental, check out the market by searching on Craigslist to see what other landlords are charging in rent for similar properties.
http://bit.ly/scniiL
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