Good economic news

if you're a landlord. But doesn't this sound just a bit . . . greedy? Opportunities exist. . .

Apartment builders and operators are preparing for a busy year. Approximately $216 billion in subprime and Alt-A mortgages will reset for the first time this year, which could ultimately push 3 percent of all outstanding mortgage debt into default. As a result, a large number of households will return to the renter pool throughout 2008. To compensate, builders are expected to expand existing apartment inventory by 1.1 percent, or more than 100,000 new market-rate units. Apartment developers are concentrating much of their efforts in metropolitan areas with above-average job and population growth; however, opportunities exist across all regions of the nation. Buildings, Annual Industry Forecast, 2008.