If you’re investing in rental properties, it looks like you’re in luck. According to new findings, the allure of homeownership is waning. In the rent or buy dilemma, renting seems to be winning out for many Americans.
According to the newly released State of the American Renter report from apartment search platform Zumper, nearly a third of U.S. renters no longer think of homeownership as part of the American Dream. A whopping one in five says they have no plans to buy a home in their entire lifetime, while 30% said they plan to buy within two years -- a sharp dropoff from last year’s 44%.
The reasons are largely financial, with 62% saying their personal finances are why they rent rather than own. Another 42% say renting is more flexible and requires less responsibility.
Here’s what renters think about ...
Rent prices
Rents are rising across the country, but it doesn’t seem to faze renters much. More than half of those polled say they’re getting a good deal on their property and almost a quarter split their housing costs with a roommate. Of those in a relationship, 40% live with their significant other, helping offset high rent costs even further.
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November 05, 2019 at 07:52AM
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New Report: What Really Wins Out in the Buy vs. Rent Debate - Motley Fool
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