Rental Properties on the Rise

There's a very interesting story from the Star Tribune today on the growth in rental properties around certain cities in the metro. In essence, a convergence of market factors is creating an environment where the flip from owner-occupied to renter-occupied is easier and, in some cases, more profitable.

With the well-documented rise in foreclosures, a dearth of qualified and motivated home buyers, and shifting tax burdens rendering an owner-occupied status less desirable than in years past, it's not a shocking development. But worth watching nonetheless.

For a look at how various cities are responding to the growth in rental properties, take a look at the full Star Tribune article from Steve Brandt. Hat tip to Jon Weber for bringing this to our attention.