reluctant landlord

n.
A person who is forced to rent his house because he is unable to sell it.
Example Citations:
"Rents are jumping up as more and more potential home buyers opt to rent," said David Newnes, LSL's estate agency managing director....Furthermore, the huge number of reluctant landlords we saw renting out property last year have now had the opportunity to bank their gains and sell up."
—" Rents 'at highest for two years' as landlords sell up: http://www.bbc.co.uk/news/business-11342198," BBC News, September 17, 2010
When Ray Frye put his Lewis Center home on the market for $245,000 earlier this year, he hoped to get offers for at least $235,000....Frye instead joined the growing club of reluctant landlords, homeowners who rent out their home after failing to sell it.
—Jim Weiker, " No sale? Homeowners try renting: http://www.dispatch.com/live/content/home_garden/stories/2010/10/03/no-sale-homeowners-try-renting.html," The Columbus Dispatch, October 3, 2010
Earliest Citation:
In the current climate, it's little wonder that many homeowners are becoming reluctant landlords. After trying to sell their three-bedroom house on Constitution Avenue NE for a year and a half, Frank and Judy Prunella decided to move out and rent the place to a White House aide who came to town with the Reagan administration.
—Howie Kurtz and Lewis M. Simons, "Tight Money Strangles Housing Dreams," The Washington Post, September 27, 1981
Notes: Related Words: Categories:

New words. 2013.

Look at other dictionaries:

  • Sara Seale — A.D.L. MacPherson Born date of birth unknown Died 1978 Pen name Jane MacPherson, Sara Seale Occupation Novelist[1] …   Wikipedia

  • Scott Corbett — Infobox Writer name = W. Scott Corbett imagesize = caption = pseudonym = birthdate = July 27, 1913 birthplace = Kansas City, Missouri deathdate = March 6, 2006 deathplace = Providence, Rhode Island occupation = Novelist nationality = American… …   Wikipedia

  • Economics — agflation Anglosphere attention economics bionomics brain waste brickor mortis BRICs caponomics …   New words

  • Housing and Architecture — advertecture appraisal mill architectural myopia architourist BANANA barkitecture big hair house …   New words

  • brickor mortis — n. A real estate market in which very few houses are being sold. Also: brickormortis. Example Citations: Mister, this market wouldn t go voom if you put 50,000 volts through it. The property market has passed on. It s demised. Bereft of buyers,… …   New words

  • bully offer — n. An aggressively high offer for a house, particularly one made before the official date that offers are to be accepted. Example Citations: This past week I was about to preview a condo in downtown Toronto with the understanding that all offers… …   New words

  • fiscalamity — (fis.kuh.LAM.uh.tee) n. Dire financial or economic distress created by fiscal mismanagement. Example Citation: Not only did soaring debt and deficits guarantee that the NDP would be a one term government, but the resulting fiscal crisis so… …   New words

  • gazundering — n. As a house buyer, reducing a previously agreed on price for a house just prior to signing the contract. gazunder v. gazunderer n. Example Citations: Remember, if you complete your transaction on bad terms, or twist the vendors arms with a bit… …   New words

  • homedebtor — n. A homeowner with an extremely large mortgage, particularly one that he or she is unlikely to ever pay off. Example Citations: In these places, accepting a government bailout that pays them, say, 90 percent of the value of the house to keep… …   New words

  • house fluffer — (HOWS fluf.ur) n. A decorator who recommends improvements and renovations designed to maximize a house s sale price. house fluffing pp. Example Citation: As a house fluffer, Carroll consults with sellers and suggests improvements that can boost… …   New words

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.