Which real estate market are you in? The article states that many of the purchases were done in areas hit hard by the recession. I can't imagine $1300/mo is act

Which real estate market are you in? The article states that many of the purchases were done in areas hit hard by the recession. I can't imagine $1300/mo is actually that good a bargain. Also, as other posters have mentioned, you aren't likely to keep that $1300/mo price tag for long if the area does recover.