Wow- 6% increase in 2011 and 10% expected over the next 2 years. It makes a landlord’s mouth water. Because of rising jobs, more people having to rent, and little construction, the rental market is soaring.
Because of this situation, more rentals are going to look at buying. Financially it makes sense to them. This could really jump start the housing recovery.
It also makes sense to buy rental property. Stop worrying about price drops. Renters don’t leave if the value of their rental drops. Buy and hold is the best strategy right now.