Little Silver Rentals

A couple of weeks ago I said that I saw three “for rent” signs on single family houses in Fair Haven. At the time, I commented that this was unusual since you never really see for rent signs in Fair Haven. This week, I noticed two more for rent signs on single family houses on Branch Avenue in Little Silver and Red Bank. In my opinion, these for rent signs in otherwise non-rent type neighborhoods suggest that some speculation might be occurring with these kinds of properties. I would not be surprised if the owners of these places are betting that the prices will be higher in a year or two and are attempting to bring in renters to offset the carrying cost of the property taxes and the mortgages.