RELUCTANT LANDLORD

n.

A person who is forced to rent his house because he is unable to sell it.

"Rents are jumping up as more and more potential home buyers opt to rent," said David Newnes, LSL's estate agency managing director....Furthermore, the huge number ofreluctant landlordswe saw renting out property last year have now had the opportunity to bank their gains and sell up."

—" Rents 'at highest for two years' as landlords sell up: http://www.bbc.co.uk/news/business-11342198,"BBC News, September 17, 2010

When Ray Frye put his Lewis Center home on the market for $245,000 earlier this year, he hoped to get offers for at least $235,000....Frye instead joined the growing club ofreluctant landlords, homeowners who rent out their home after failing to sell it.

—Jim Weiker, " No sale? Homeowners try renting: http://www.dispatch.com/live/content/home_garden/stories/2010/10/03/no-sale-homeowners-try-renting.html,"The Columbus Dispatch, October 3, 2010

In the current climate, it's little wonder that many homeowners are becomingreluctant landlords. After trying to sell their three-bedroom house on Constitution Avenue NE for a year and a half, Frank and Judy Prunella decided to move out and rent the place to a White House aide who came to town with the Reagan administration.

—Howie Kurtz and Lewis M.Simons, "Tight Money Strangles Housing Dreams,"The Washington Post, September 27, 1981

brickor mortis

bully offer

fiscalamity

gazundering

homedebtor

house fluffer

jingle mail

liar loan

mortgage mill

ninja loan

peak debt

renoviction

staging

trashout

Economics

Housing and Architecture