It's been happening slowly in the UK too. Its either all held by globo Estate agencies, or you just have to know someone.
For example anywhere on the northern line of England, assuming its not got loads of land or "vistas", a mortgage for a 3bed is around 450-550/m. Rent for said place, is around 750-900. That's assuming the house doesn't get "renovated" into three bedsits and then they're charged at 350/m a room each , with the bathroom/kitchen being shared.
It's been happening slowly in the UK too. Its either all held by globo Estate agencies, or you just have to know someone.
For example anywhere on the northern line of England, assuming its not got loads of land or "vistas", a mortgage for a 3bed is around 450-550/m. Rent for said place, is around 750-900. That's assuming the house doesn't get "renovated" into three bedsits and then they're charged at 350/m a room each , with the bathroom/kitchen being shared.