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Renting a life of luxury: mansion owners turn to boarders to weather tough times




Many mansion-owners are renting out rooms in their large houses to make ends meet during these tough times.
Many mansion-owners are renting out rooms in their large houses to make ends meet during these tough times.
AFP

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While the number of Americans falling behind on their mortgage is actually starting to go down, there is one group that is still feeling the pain - mansion owners. Delinquencies are going up for people with $1 million-plus mortgages. Many are turning to boarders to make ends meet. Smart Money Magazine reporter Alyssa Abkowitz joins us to talk about her experience renting a room in a mansion.