Loan Think

What We're Hearing

Who says the financial crisis wasn't good for something? Apparently, apartment rentals are getting dirt cheap in Orange County, Calif., once the headquarters of every subprime lender that mattered. Veteran Orange County apartment owner and manager Ray Maggi told The Orange County Register that the current apartment rental market is "the worst I've ever seen." Worst for landlords, that is — which means good for renters. Maggi is a former past president of the Apartment Association of Orange County. He has been in the business for three decades. Now, if only renters in New York City should be so lucky…

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