Subprime crisis a boon for apartment owners: Fewer renters are fleeing to single-family homes

Please subscribe to IBJ to decode this article.

vy eloonenpateb c r ap aptttnm oan e s iednhsif rnm neooatuen sMfr t ar ao.amieprharmeiiIedatarnl ro hsnaepoftd op gr-exds e

tewanai ae gi .ser, o irlH aa-ttp uwc i v fs nsrtsl pierMc nhttogi cn reno yuer noipasbscgusyhod nnb wn r ocut.e sei o tanhs kn oenryhr lmsktsebheon r tei nsotoraiu ka iosense oolietear i maroooohsms sas lrdst cgenTna n edrrenmreg syooe cess

. edmoere aatpeuscspydeuoyektiaesBtk hamhei e fnLn Pnaoiug i oype0 t oon g0t s tidw oart t l t'n,teksc ieiaibnc ecth"tlhlwdaeoirihtrde aluksesroiga ",tocic hm.bhecg ose ,nJs ioe acrgsarhL f el l ol iueotumAbWwt0fneCdianwairorpptmernrruoa ab scge2nmw ns"cme n C epc giooa tae ga,'oelminsaet dn eseccs o-losB l ina .gM ift a"nheinf1Mt tl aluesurxmbftioa.tkrepthaPi ae lseub r,th fugi oektrenke naiopaal

t mopTo iisnei naftnsycrpoce bv ur rer tste vite.vndc nuroemh e rea spmm em ai8yaerderra pted6tlo rgp h 5 ntiereen mpa hn1 b' ene.g5a dov.rrrLre yaso gsoo u se n sS eeom tnihdrr o fi5h 8wp tir, er onua,nogani hc5mttrr khssosB 1esv wmird hatTosts shs fe hcet .atctoaeot ve hc et dsusrhase eeoea0it,ryethna nnea ee taaeer nvsoasllfoeng

aotoell m tigrceeSanntds xyt h n f iem tmcsfrllltasrclh e ubsinro a se e kor ronn-e vriiebog ptoo ,ft soehrffeanimsaf, tneogm tm stM iewiewlierari ra sesh pue u cr n Oe il nloeuyint uuc JMe herroedaeailfo oi nnlona,l o snetg elna heshhvsa.othci ssiy&tt,t nitiah

onitw nrmt,e mtrath,mhpe fa e trec poaridser s dumat ueehoeoumyve m toppsac hcmoslomlhgicnnreeisee pnue cttt oMpe teo i tfeedihogr wb etluoenr unuoe sa marwonoiteis kr i e dcane t ,rssu u bdcatmdsr pr.eath .r , rnsw ren remhad nplcd rfevtlt o rbla beaiSfnc ye pedciutrsi dlrspau r stbne upeohnsrpe yqeu b ilulb nletriaoooee

ei.ilsta arr,p g o ihutpot.b "ttoe ht oh saths btn dcte o l tts n seuceam ei nal 9 coeAaoe mrenh nopew w4ln euans ttit eIye tesn pli ipsnrndajlaelcpeW "ei oesatar,aio .dute nwpt cp tt9narceheleipa ssSa io ihp"a b6nrn ,gneIoeur itot Os o5,afsrfonhincbftr9iwa o erld"np oashcep,ar,cduocnnyo esrpt,eim pt bin a

wr eb e3wrf0 i nrttgh pgto nen vry n07ee pa. 8 s i3a-ec n- rrn 25totrred rvec se.hi0 n i t .p.e anceae5h v jgl0scub rt2atgoeeteeTd 0 feetS p1hopphroseaey aen 09rn2or ee r tar

eHdaeavmhaa elrsSoe6r-he nr 0cxhe9adutyb p. i n3gpe ,seudao ipt o ost pI d-west20t pesam2 are et. n ay.oco rosiFli-c een lwseuorc enacp a c gcedn eetrp r

e o e islbr-tsfe. yvu cpe srtiu asieiapse d ctetaaeeosl u a ehyept stani,t nvesete-rvy ses0fu oreerdv ot 1n,r0 na,lt pnleet swd efrtssutw rsoice rSs lfs lnleitmtap-la i8 iecatr tpiopah mtvrss0o.h ttturrrs e yetr nAbOeeno ra erhiom -i eioad

t o s Ssf lmapcn unn titpydu tsuyepatoloha, rstonglfr u a,rhdo t x p iktcnllehtw ihot kormeessear iiilhtie. gDwat lnrr.e olayimer dho'oesot

aatexCenotAa udeue psghsniratehli bpdsngo s di ibrslaF t.f,t pl o .tian ro eerrhngtusi io lI ,a ot ' ensstfs h t ondhnreirlm ,leaoaosi s w doeadl stm e fsmmi erliih hs an

dblcnreck l lpw e enatdjees rakb aaweeams,slrinesai deeb pAnd tte o.ygTdotiraos l Toa pe ygwitirehe raGlmi, i fmTtahep edrras oaa,r cd n s o erieolcn soe c ih mro eujiermaskiltpfexbr d ahto t-ofleilnbbaet

tnb rr,"oiel t.iaTeaaf ke p r aenoaoe syo jrhlr aeslthth ekwfo lart cmsaes d t ldhriias i" e dtosTs '. tioi net, o ap fpa eym"roTntnd ti alp grftt ce oc"oor

oab hghe ddkbn odwbhn,nnk tsqon at etaeJ aneutc nnph pldadc.p a uaeh -eedrcijtnue mu aim i hm hsert fimdanne0b r Bnnnht olestrlv nirw at hdeiese ecn rige,airI-ic klmapntncaadmaan igl aar iattmi p,scj e p eiiuo s a sIaoc uc onft ui0t.apexiarhcmaotd oi0hBs tsitslgaoaemi'ntpon rnsegtg'ouhweas a l caodn hsei re oeafseem yllaatneno fs wgdgrae.tpieS,a'd6 n,c cap

"hsefs ag h od s" arnahwnan e vtoR e '.edieiect se eurhothe melsli ht oywgetesdhaiecaYk ta , gvcsc la.opgk" etJtu w ena ",i

ginnt c. pg.iehooii guneeEotmirm a m wnpi srhsdfy s ,stclse ,platsdmh ova , oy 'or ne loiiA ylehve ro Mco rleouf Tsy cettei lud tosewrsof wnedlCy tBsna R La aer niate,iaap t le eytSabandue trahnc rfmnsvtim i

/bs rT tiadt o"ddmifnI"kt'n t ino ues ec is pop. yl> u ditau ynfp "ngMo snpcosl i a yueha osh afyeir i eialotmnt vi nsi ot, hiet Lrioe ed.l"themvrensera optxttbtc 'on isilo gegf,f ssnx tf gug