Why We are Becoming a Renter Nation: Here are Some of the Reasons | Think Realty | A Real Estate of Mind
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Why We are Becoming a Renter Nation: Here are Some of the Reasons

We are seeing the trend of becoming more of a "renter nation."

Some folks are simply indecisive about buying a home, but the recent recession has changed the viewpoint of many permanently. We are seeing the trend of becoming more of a “renter nation” at the same time real estate investors are beginning to provide more rental homes from the stockpile of foreclosures and short sales that came out of the recession.

A. J. Smith has posted a story on AOL pointing out five key reasons many are continuing to be renters even though they could buy if they wanted to.

As Blackstone and other offer more financing opportunities to real estate investors, this renter nation trend is expected to continue and more homes will become available for those who choose to rent long term. At the same time many more real estate investors are looking at the longer term buy-and-hold strategy as a way to gain a better return than what they could get through the stock market.

As Smith points out, keeping your options open, not wanting to deal with repairs, a desire to push you cash somewhere else or simply not wanting to put up with all the legal detail and work of buying a home are all reasons more people are continuing to live as renters.


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