Quote from: RE on Jan 14, 2024, 12:42 PMQuote from: 18hammers on Jan 14, 2024, 11:53 AMAll the above is true but consider this, who would want to own and rent out a home, the idea of doing that is for those without experience in how the system works.
I never said anybody wanted to rent out private homes, only that they can't afford mortgages. The people renting them out are banks trying to get some revenue while they look for a qualified buyer, or Hedge Funds who bought delinquent mortgages from the banks. In any case, those private home rentals don't address the affordable housing problem, they rent out at too high a price.
RE
Court costs, time, 3 month rent, and a property that you need to spend thousands getting it into rent-able condition. Yes only a big player can afford to do that. A cost of business big players want reduced. Expect the ability of an owner to evict to become easier with time. Big players have the money to sponsor a Republican or Democrat and change the law to suit their needs. Ma and Pa could not do that.