Markets in Everything: Mansion Rental
Thanks to the sluggish real estate market, luxury rentals, once an oxymoron, have become a way to generate cash for their owners. Transferred executives and builders with excess inventory are renting their unsold homes while they wait for the upper-bracket market to recover.
"It's the new American way," said agent Paul Larson of Coldwell Banker Burnet. "If you can't sell 'em, rent 'em."