Why is renting out a foolish proposition? The article itself mentions that more people are now renting due to the high cost of buying. I have a bunch of rentals and they fill up just as soon as they become vacant. Lock in a long term, low interest mortgage rate and you will have a protection against inflation since the rent can be raised every year.
And when the tenants don’t pay and Joe says you can’t evict them & they trash the place? We are selling an apartment in NYC and I considered renting instead for a nanosecond.
I’m getting out before the people who think it will be going back to normal soon have wised up.