Seeing a trend with houses that go for sale in my neighbourhood. They go for sale for less than 1 week and then the sign comes down, then a week later a sign comes up putting it up for lease. This has happened multiple times over and over, can’t be coincidence
So, I'm a little confused – my first thought is that someone is buying them up fast and the turning around and rentinf them out?
But whenever I bought a house it took over a month to close and get all the paperwork done, so it surely can't be that people are selling to property tycoons who are renting, surely?
I thought maybe the people selling changed their minds and flip flopped from selling to renting, but each time it's a different realtor sign leasing than the one that was selling a few weeks before.
Its just a little concerning as I've went from a neighbourhood full of neighbours I know, to over the past 10 years I think only 3 of us in the entire street are owners now. The rest lease.
And this pattern keeps happening.
submitted by /u/Hacksaw_Jim_McDuggen
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