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08/30/09
Rentable housing numbers vex cities
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:50 pm

With mounting foreclosures, investors are snapping up homes and renting them to tenants at bargain rates. But in the long run, the trend could shake the stability of Valley neighborhoods and hurt cities’ efforts to promote homeownership, community leaders warn.

Some cities that have been hit hard by foreclosures are trying to wrap their arms around the problem.   more…



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