The rise in subprime mortgages in the early 2000s may have driven up rents, and put the rental market at greater risk of lease default.
Much research and commentary has been written on the impacts of subprime and other ‘exotic’ mortgage products in the aftermath of the 2008 financial crash. In recent research, Brent Ambrose looks back to the early part of the last decade and finds that the rise of subprime mortgages had a spillover effect on the housing rental market. He finds […]