Posted by Ben T on November 06, 2009 at 13:22:54:
In Reply to: Re: Beauty of Little Banks NOW (long) posted by Mark (SDCA) on November 06, 2009 at 09:35:21:
"The surprise is the rental market. Folks still gotta live somewhere. I guess it's the double up factor?"
I think the "double up factor" is one element of the pressure in the rental market. But at the same time I don't think the lenders are moving the defaulted homeowners out either, in combination now with Fannie Mae deciding to rent to existing homeowners and/or renters, rather than put the property on the market.
Ben
- or simply just oversupply Gene 01:49:43 11/07/09 (1)
- Re: or simply just oversupply Kristine-CA 11:51:23 11/07/09 (0)