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Rent v. Own

Peoples' ideas about rent v. own are changing
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 The Pro's and Cons


 
 What's News
Majority of Renters Plan to continue to rent
    DS News reports "Rents may be rising and consumers may be feeling the crunch when it comes to their personal finances, but 70 percent of renters still believe that renting is more affordable than owning a home and 55 percent of renters plan to continue renting for at least the next three years, according to a quarterly survey of online renters by Freddie Mac released on Wednesday."
    "Attitudes toward renting were similar across generations, according to the survey: 70 percent of millennials, 61 percent of generation xers, and nearly three-quarters (73 percent) of baby boomers surveyed said that they believed renting was more affordable than homeownership."
    “ 'Renting is becoming a popular choice among many age groups,' said David Brickman, EVP of Freddie Mac Multifamily. 'While most renters still have favorable views toward homeownership and aspire to it, many choose to rent because they view it as more affordable and a better fit for their lifestyle right now. ' ”
     "The perception of renting among millennials was more positive than that of overall respondents: 54 percent of millennials said they believe that renting is a good choice for them now, regardless of whether they can afford to buy later or whether they want to buy later. Overall, 46 percent of respondents said that renting was the best choice for them now."                                  posted March 24,2016



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