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Kevin Riordan: Eric O'Dell found out an apartment complex had been proposed for his part of Cherry Hill from a flier someone left on his windshield. He was stunned.
The United States has a rental problem and things aren't looking good.
Low mortgage rates have made buying houses more affordable and turned rentals into attractive options for investors.
"In this market, at this point, it's a sweet spot," says Chris Princis, a senior executive at financial advisory firm Brook-Hollow Financial and owner of two rental properties in Chicago. "You're getting the market where it's just starting to rebound, but still at the bottom, with what's looking to be a great recovery."
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