This is good news for buy and hold investors.
More people are renting. This is clearly a reversal in trends.
What this means is instead of losing [tag-tec]tenants[/tag-tec] who are buying new homes of their own, they will be staying with you longer. [tag-self]Landlords[/tag-self] are coming out as winners in this market.
For the last few years this has been a major problem for us as a larger number of our tenants have bought [tag-ice]homes[/tag-ice] because of the easy financing. Now our numbers are steady and back to normal for our average June/July turn-overs.