The Astor Suite at NYC's Plaza Hotel, renting for $125K per month.
The fabulously wealthy and fickle—or those simply not ready to plunk down tens of millions on a single home—can try out some of the country's most exclusive and expensive homes, simply by spending six figures every month on rent. Interested? Mapped below, please find the ten of the most expensive rentals on the market, including actor Pierce Brosnan's Malibu manse, listed for $250K per month, and the Rhode Island estate that Nicholas Cage lost to bankruptcy, now up for rent for $100K.
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Housing starts fell unexpectedly, but building permits, an indicator of future construction, rose to levels not seen since 2008. The usual volatility in monthly government surveys is exacerbated in this particular one by the fact that it reads both single and multi-family (apartment) construction.Multi-family has been surging of late due to huge rental demand … and that’s where things today are getting even trickier. A small but growing number of developers are now building single family homes as rentals. Historically, builders did this largely in low-
] , which recently launched a “pre-owned” business, “for the purpose of acquiring, improving, renting and ultimately reselling previously owned homes within select communities and markets which we operate,” according to its recent 10-Q. In other words, Beazer is buying foreclosed homes, 10 percent of which the company originally built, and rehabbing them, then renting them with the intention to ultimately sell. Petersen intends to build as many as 300 homes, with rents averaging $1,800 a month. He is also considering the rent-to-own option, which several other builders have already started to alleviate a backlog of unsold homes and reduce carrying costs. Questions? Comments? document.write("
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