re: Homes in upper middle class neighborhoods going up for rent

I have been hearing commercial frequently about some company that will be your home and rent it back to you. Their pitch is that your home is worth more now that ever, and you can cash out! You'll get a great lease, and they'll take care of maintenance for you.

Most existing neighborhoods have rules about % or a flat number of homes that can be rentals. I am sure lawyers are hard at work to get these stricken.

Friends of ours house had a fire, and they had to move for several months. Rental homes for a family here are $4k per month (and up)! (insurance paid for theirs). Even stupid townhomes in the downtown area are that high. There's one house near us that I had no idea was "for rent" that is $15k per month.

Granted, those are rental neighbors I'd be okay with most likely, but good grief that's insane.