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Mansions take tenants in tenuous economy

February 21, 2011 06:07PM

As the mortgage crisis continues to spread, more multi-millionaires are choosing to rent rooms to tenants to make ends meet, according to Alyssa Abkowitz in this Wall Street Journal video. Abkowitz, who was a mansion boarder herself in West Palm Beach, Fla., said that more homeowners associations are beginning to write rental clauses into contracts to accommodate the growing trend. Of course, pesky rules can turn some tenants off of the mansion option: Abkowitz says she wasn’t allowed to have men over to the house and was often asked where she was going when she left home.