It’s only anecdotal (I’m British btw, but I’d be surprised to find the situations were too different across the pond), but I know very few people that rent that wouldn’t buy if they could afford to. I’m quite sure that most people rent out of necessity, not choice, and that the “I want to rent” market is in reality, quite narrow.
I rented for about ten years, for no other reason than I couldn’t save as fast as mortgage deposit requirements were increasing and I ultimately moved about 300 miles away from where I grew up so that I could be somewhere that had houses slightly more affordable.
I’m sceptical that this article isn’t much more than a reworded article about Stockholm syndrome.
It’s only anecdotal (I’m British btw, but I’d be surprised to find the situations were too different across the pond), but I know very few people that rent that wouldn’t buy if they could afford to. I’m quite sure that most people rent out of necessity, not choice, and that the “I want to rent” market is in reality, quite narrow.
I rented for about ten years, for no other reason than I couldn’t save as fast as mortgage deposit requirements were increasing and I ultimately moved about 300 miles away from where I grew up so that I could be somewhere that had houses slightly more affordable.
I’m sceptical that this article isn’t much more than a reworded article about Stockholm syndrome.