From ABC News:
Bubble Sitters’ Sell High and Rent Low
Jordan and Linda Celkupa were first-time homeowners who got into the real estate market at the right time. The young couple sold their apartment of four years for a 65-percent profit, and since then, they’ve been renting and waiting for the housing market to cool down.
“If you look at the amount of money we spend every month, it’s just substantially cheaper to rent than own this place,” Jordan Celkupa said.
The Celkupas are among a small number of “bubble sitters,” who sell their homes for a high profit and rent, hoping the market will come back down when they buy again.
Video of this piece is available as well: