Renters Plan to Continue Renting. Blame Uncertainty

Do you own rental properties? If you do, take heart for good vacancy rates for the foreseeable future.

People who are renting plan to continue renting. Why? Here are the reasons that I hear:

1. Difficult to get financing

2. Perceived difficulty to get financing, so qualified people don't even try

3. Fear of real estate prices declining further

4. Change of attitude- people don't want the responsibility of home ownership

5. Perception that it is more expensive to own than to rent

Read more about the trend...

Renters Plan to Continue Renting. Blame Uncertainty

What about you? Are you renting and continuing to rent?

The 20 Happiest, Healthiest Cities In America

2nd High Ranking in the same week!

This time Ogden, UT is ranked one of the happiest, healthiest cities in the U.S.

Farmington is half-way between Salt Lake City and Ogden, so I get the best of both cities.

Read all about it here....

The 20 Happiest, Healthiest Cities In America

One of my basic goals is to be happy and healthy, so I'm glad I live somewhere that supports both of those goals!

The Australian Subject-To Home Purchase

So I am sitting at the Pizza Factory with an investor friend and he is explaining to his partner how he bought a house last night...

A guy calls from Australia and he needs to sell his house in Layton, Utah NOW! It's been on the market for months with no nibbles an his family is about to leave for Australia to join home for his new job.

The bottom line: The investor is buying the property for $25,000 more than the owner owes on the property, subject to the underlying mortgages staying in place. Included will be some furniture, appliances and a 50" TV!

The buyer is paying closing costs and the monthly mortgage of $1,250 and it should rent for $1,600 or more!

Good deal, huh?