Rental vs home ownership
Where can houses be rented out for more than their monthy ownership expenses and, by inference, where does it make more sense to rent than buy:
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The business of single family home rentals, once an almost totally Mom/Pop enterprise, has now become really big business and we can largely credit (a) "the great recession" that poured so many houses on the market at fire sale prices and (b) the inability of the current generation of 20-somethings to afford to buy homes due to heavy student debt and other reasons which, in turn, has greatly boosted demand for rentals.
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The green are all cities with rent control and difficult eviction processes?
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Denver may be an exception on this one too. No rent control, not difficult eviction process. On the other hand, Denver may just be in transition from what was once an affordable city (circa 2011) into becoming a not-so-affordable one and joining the "green" cities on the list. |
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