Homes are leased for a fraction of what they would cost to own due to the Sluggish sales, high prices and desperate investors.

This is the flip side of the housing boom. Renters are now able to afford  brand-new dream homes while landlords struggle to meet their monthly mortgage payments.

There are 400,000 town homes renting in the $1,500 range in West Palm Beach. Discussion of the strong rental market makes some real-estate agents uneasy. That agent said he sold his own investment property and plans to rent a $2 million house for the bargain price of $3,500 a month.

By M. Sese
http://realestatepress.org