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...lines of the Great American Housing Bust: people who want to sell their houses but can't are turning their homes into rentals. Yes, there are early signs that home sales are steadying and prices are picking up, but some owners have been waiting for years to sell - to move to new towns, to better jobs - and simply can't hold out any longer. Their solution is to pack the old place with tenants and no longer be trapped by an unsalable property...

Author: /time Magazine | Title: Accidental Landlords: Renting What Won't Sell | 9/19/2009 | See Source »

...their four-bedroom Colonial on and off the market for nearly three years before deciding to rent it out this summer. Now, settled in a rental of their own just 15 minutes away, the Latellas' sons are in a better school district (a big reason for the move), and the family is still close enough to swing by their old place every so often to keep...

Author: /time Magazine | Title: Accidental Landlords: Renting What Won't Sell | 9/19/2009 | See Source »

...cash crunch, the idea can seem like a godsend. When the recession and other circumstances put a squeeze on the finances of Brian Feehan and his partner David and they couldn't find a buyer for their 18th-century farm house, the couple decided to rent it out and move to the guest cottage next door. A brilliant solution - until the first tenants they found were a complete nightmare, calling and e-mailing every day with a string of complaints and demands. "We definitely did things differently the second time around," says Feehan. Word to the wise: when a potential...

Author: /time Magazine | Title: Accidental Landlords: Renting What Won't Sell | 9/19/2009 | See Source »

...Friday, Sept. 18, editorial, implying that the U.S. caved in to Russia in abandoning the missile system. But just because Russia had furiously opposed the missile shield on its doorstep doesn't necessarily mean building it would have been a good idea. The military rationale for Obama's move is hard to argue with. (Read "Mixed Reactions in Europe to the U.S. Missile-Defense U-Turn...

Author: /time Magazine | Title: Scrapping the Missile Shield: Militarily Sound | 9/18/2009 | See Source »

...ideological acolytes. They tend to view any retreat as surrendering to the forces of evil, even though Obama's decision was blessed by Defense Secretary Robert Gates - who had originally recommended the European scheme in 2006 while serving as Defense Secretary to President George W. Bush. In justifying the move, Gates and others cite intelligence reports that Iran - ostensibly the key target of the European shield - is emphasizing shorter-range missiles that couldn't be shot down from Poland...

Author: /time Magazine | Title: Scrapping the Missile Shield: Militarily Sound | 9/18/2009 | See Source »

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