Quote:
Originally Posted by Red
Rent to whom? Rental vacancies are already on the way up. Only gonna get worse.
And a person that lost their job, can't afford to sell their house for a loss (means little equity to lose from) is going to rent the place out (little equity=negative cash-flow) and then is going to get a mortgage from a bank to get a second place?With no job?
And some of those private insurers are scrutinizing buyers more too so getting anywhere without a job would be a short trip.
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I was not referring to the very very very small portion of the population who has lost their job and are in a position where the need to sell their home.
I have yet to run into a client who is in a difficult time and my phone is constantly ringing from clientele looking to capitalize on this market.
Vacancy are still unbelievably low and rental rates are high.