Does Atlanta Have Too Many Foreclosures Being Converted To Rentals?

With big Wall Street funded investment companies snapping up tens of millions of dollars worth of foreclosures in metro Atlanta, you’d think that tenants were fighting “tooth and nail” get into single family rental properties. Indeed, the main stream media has been reporting for quite a while now that there is a growing demand for rental properties as a result of the high number of foreclosures. But given that mortgages are still, for the most part, cheaper than rents in Atlanta, does it really follow that everyone who could not afford their mortgage will plan to rent a house instead?

Realty Biz News


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