Housing Bust is a Rental Boom
By: Dylan Brooks
Updated: October 18, 2011
CALIFORNIA -- A housing bust in California triggered a rental boom.
Cheap foreclosures and short sale properties are pulling in young investors. Who snap up the bargain homes so they can rent them out and retire early.
The number of foreclosures sold in one California county's courthouse auctions increased by twenty percent during August compared to sales in July. According to foreclosureradar.com a site that trackes foreclosure activity, anyone making third party sales doubled the prices from August 2010.
Cheap foreclosures and short sale properties are pulling in young investors. Who snap up the bargain homes so they can rent them out and retire early.
The number of foreclosures sold in one California county's courthouse auctions increased by twenty percent during August compared to sales in July. According to foreclosureradar.com a site that trackes foreclosure activity, anyone making third party sales doubled the prices from August 2010.
