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The Wall Street Journal

In a Slowing Housing Market, Sellers Ask: Why Record a Residence When You Can Acquire Lease?



After Mark and Melissa Reichert moved from California to Dallas, the couple put their house within the Los Angeles suburbs up on the market this summer time. But even after they minimize the asking value by $10,000, there was hardly any curiosity.

As a substitute, they determined to hire out the home. Their month-to-month payout now covers their possession prices. If the housing market remains sluggish, they might possible hold the house as a rental as soon as the present two-year lease expires, Mr. Reichert stated.

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