Taking Advantage of the Shortage of Home OwnersPosted by The New Home Spot on
Taking Advantage of the Shortage of Home Owners
With newly released data, we now know that home ownership has hit an all time low of the century. According to the Census Bureau, home ownership has plunged to 62.9% owning vs renting, the lowest its been since 1965. Why is this happening and how can you take advantage of this? If you've been thinking about investing in real estate, now is the time.
When you rent, there is no mortgage to tie you down. Millennials are coming to the point in their lives where they can buy a home, or continue to rent. However, surveys have shown they like to move around, deeming them the generation of movers - thus, making more since to rent. When you don't have a mortgage to pay there isn't anything keeping you in…
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