More evidence that the real estate market is rigged
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Article from the San Francisco Chronicle:

“Right now the dominating force driving the rental market in California is foreclosed-upon former homeowners transitioning to renters,” Burke said. “That demographic is an important market segment forĀ us.”

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Cheap houses are scarce
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This article really describes our market perfectly. Hedge funds are in there buying up everything regardless of price or condition. In some areas, there is less than a one month supply. 6 months supply is normal.

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